MARC H. BELL - 23 May 2022 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role
Director
Signature
/s/ Marc H. Bell
Issuer symbol
ARR
Transactions as of
23 May 2022
Transactions value $
$0
Form type
4
Filing time
25 May 2022, 17:15:12 UTC
Previous filing
04 Apr 2022
Next filing
25 Aug 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 +2.1K +4.92% $0.00 44.8K 23 May 2022 Direct F1
transaction ARR Common Stock, par value $0.001 per share Options Exercise $0 +2.4K +5.36% $0.00 47.2K 23 May 2022 Direct F2

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 -2.1K -2.9% $0.00 70.4K 23 May 2022 Common Stock 2.1K Direct F1, F3
transaction ARR Phantom Stock Options Exercise $0 -2.4K -3.41% $0.00 68K 23 May 2022 Common Stock 2.4K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 23, 2022, the reporting person elected to convert 2,100 shares of vested phantom stock into 2,100 shares of ARMOUR common stock. The 2,100 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 On May 23, 2022 the reporting person elected to convert 2,400 shares of vested phantom stock into 2,400 shares of ARMOUR common stock. The 2,400 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.
F3 Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.