Gordon Harper - Feb 23, 2022 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role
VP Finance and Controller
Signature
/s/ Gordon Harper
Stock symbol
ARR
Transactions as of
Feb 23, 2022
Transactions value $
-$8,014
Form type
4
Date filed
2/25/2022, 04:31 PM
Previous filing
Nov 26, 2021
Next filing
May 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARR Common Stock, par value $0.001 per share Options Exercise $0 +3K +10.72% $0.00 31K Feb 23, 2022 Direct F1
transaction ARR Common Stock, par value $0.001 per share Disposed to Issuer -$8.01K -969 -3.13% $8.27 30K Feb 23, 2022 Direct

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 ARR Phantom Stock Options Exercise $0 -3K -9.71% $0.00 27.9K Feb 23, 2022 Common Stock 3K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 23, 2022, the reporting person elected to convert 2,031 shares out of the 3000 shares of vested phantom stock into 2,031 shares of ARMOUR common stock. The person elected to convert the remaining 969 shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 3000 shares are part of, and relate to, phantom stock vesting over a period of approximately two years, which was reported on a Form 4 report filed by the reporting person on January 16, 2020 and phantom stock vesting over a period of approximately five years, which was reported on a Form 4 report filed by the person on January 14, 2021.
F2 Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.