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

Role
VP Finance and Controller
Signature
/s/ Gordon Harper
Issuer symbol
ARR
Transactions as of
23 Feb 2022
Net transactions value
-$8,014
Form type
4
Filing time
25 Feb 2022, 16:31:30 UTC
Previous filing
26 Nov 2021
Next filing
25 May 2022
SEC
View on sec.gov

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 +3,000 +11% $0.000000 30,980 23 Feb 2022 Direct F1
transaction ARR Common Stock, par value $0.001 per share Disposed to Issuer $8,014 -969 -3.1% $8.27 30,011 23 Feb 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 -3,000 -9.7% $0.000000 27,900 23 Feb 2022 Common Stock 3,000 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.