Daniel C. Staton - Aug 23, 2022 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role
Chairman of the Board, Director
Signature
/s/ Daniel C. Staton
Stock symbol
ARR
Transactions as of
Aug 23, 2022
Transactions value $
$0
Form type
4
Date filed
8/25/2022, 04:46 PM
Previous filing
Jul 12, 2022
Next filing
Oct 17, 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 +2.2K +0.67% $0.00 330K Aug 23, 2022 See Footnote. F1, F2
transaction ARR Common Stock, par value $0.001 per share Options Exercise $0 +2.4K +0.73% $0.00 332K Aug 23, 2022 See Footnote. F2, F3

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 -2.2K -3.24% $0.00 65.8K Aug 23, 2022 Common Stock 2.2K Direct F1, F4
transaction ARR Phantom Stock Options Exercise $0 -2.4K -3.65% $0.00 63.4K Aug 23, 2022 Common Stock 2.4K Direct F3, F4
* 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 periods, reported on Form 4s filed on November 22, 2017, January 16, 2020 and January 14, 2021.
F2 Represents shares owned indirectly through DM Staton Family Limited Partnership. The reporting person is a general partner and a limited partner of DM Staton Family Limited Partnership. The reporting person has a pecuniary interest in the shares held by DM Staton Family Limited Partnership.
F3 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 five-year period, reported on Form 4 filed on January 14, 2021.
F4 Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.