Ava L. Parker - 29 Jun 2022 Form 4 Insider Report for Orchid Island Capital, Inc. (ORC)

Role
Director
Signature
/s/ Ava L. Parker
Issuer symbol
ORC
Transactions as of
29 Jun 2022
Net transactions value
+$14,438
Form type
4
Filing time
05 Jul 2022, 16:47:10 UTC
Previous filing
01 Jun 2022
Next filing
01 Aug 2022
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ORC Deferred Stock Units Award $0 +882 +1.6% $0.000000 57,309 29 Jun 2022 Common Stock 882 Direct F1, F2, F3
transaction ORC Deferred Stock Units Award $0 +5,494 +9.6% $0.000000 62,803 01 Jul 2022 Common Stock 5,494 Direct F1, F3
transaction ORC Deferred Stock Units Award $14,438 +5,066 +8.1% $2.85 67,869 01 Jul 2022 Common Stock 5,066 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each deferred stock unit represents a right to receive one share of the Issuer's common stock.
F2 Deferred stock units issued in lieu of the issuer's monthly dividend pursuant to the reporting person's election.
F3 The deferred stock units are 100% vested but do not become payable until the reporting person's separation from service as a director of the Issuer.
F4 The reported shares represent deferred stock units granted in lieu of cash compensation. The shares are issuable on the earlier to occur of death, disability, a change in control or separation from service.