MARC H. BELL - 23 Aug 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 Aug 2022
Transactions value $
$0
Form type
4
Filing time
25 Aug 2022, 16:31:26 UTC
Previous filing
25 May 2022
Next filing
11 Oct 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 +2,200 +4.66% $0 49,394 23 Aug 2022 Direct F1
transaction ARR Common Stock, par value $0.001 per share Options Exercise $0 +2,400 +4.86% $0 51,794 23 Aug 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 -2,200 -3.24% $0 65,750 23 Aug 2022 Common Stock 2,200 Direct F1, F3
transaction ARR Phantom Stock Options Exercise $0 -2,400 -3.65% $0 63,350 23 Aug 2022 Common Stock 2,400 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 23, 2022, the reporting person elected to convert 2,200 shares of vested phantom stock into 2,200 shares of ARMOUR common stock. The 2,200 shares are part of, and relate to, phantom stock vesting over a five-year period, which was reported on a Form 4 filed on January 16, 2020 and phantom stock vesting over an approximate five year period, reported on a Form 4 filed January 14, 2021.
F2 On August 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 on January 16, 2020 and phantom stock vesting over an approximate five year period, reported on a Form 4 filed January 14, 2021.
F3 Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.