Robert E. Cauley - 30 Jun 2022 Form 4 Insider Report for Orchid Island Capital, Inc. (ORC)

Reporting relationship: Chief Executive Officer, Director
Issuer ticker: ORC
Reported as of: 30 Jun 2022
Net transaction value: -$3,384
SEC form: 4
Accepted by SEC: 05 Jul 2022, 16:50:27 UTC
Prior SEC filing: 29 Mar 2022
Next SEC filing: 29 Sep 2022
Source filing: View source filing
Reporting owner signature: /s/ Robert E. Cauley

Key filing fact

Robert E. Cauley filed Form 4 for Orchid Island Capital, Inc. (ORC) on 05 Jul 2022.

Key facts

This page summarizes Robert E. Cauley's Form 4 filing for Orchid Island Capital, Inc. (ORC).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 05 Jul 2022, 16:50.

Change

Previous filing in this sequence was filed on 29 Mar 2022.
Current net transaction value: -$3,384.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ORC transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +6,270
Change %: +3.1%
Price: $0.000000
Shares after: 209,754
Date: 30 Jun 2022
Ownership: Direct
Footnotes: F1

ORC transaction

Common Stock

Tax liability

Transaction value: $3,384
Shares: -1,155
Change %: -0.55%
Price: $2.93
Shares after: 208,599
Date: 30 Jun 2022
Ownership: Direct
Footnotes: F2, F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ORC transaction Derivative

Performance Units

Options Exercise

Transaction value: $0
Shares: -6,270
Change %: -4.7%
Price: $0.000000
Shares after: 127,516
Date: 30 Jun 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 6,270
Exercise price
Footnotes: F1

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

These shares represent 6,270 shares of the Company's common stock issued upon the vesting of Performance Units awarded to the Reporting Person on March 22, 2021 pursuant to the Issuer's 2012 Long Term Incentive Compensation Plan and 2020 Long Term Equity Incentive Compensation Plan. Cash was paid in lieu of issuing fractional shares based on the closing price of the Company's common stock on June 27, 2022.

Footnote F2

The price represents the closing price of the Company's common stock on June 27, 2022.

Footnote F3

The Reporting Person disposed of these shares of the Company's common stock to the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting of shares.