Robert E. Cauley - 30 Jun 2022 Form 4 Insider Report for Orchid Island Capital, Inc. (ORC)

Role
Chief Executive Officer, Director
Signature
/s/ Robert E. Cauley
Issuer symbol
ORC
Transactions as of
30 Jun 2022
Transactions value $
-$3,384
Form type
4
Filing time
05 Jul 2022, 16:50:27 UTC
Previous filing
29 Mar 2022
Next filing
29 Sep 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ORC Common Stock Options Exercise $0 +6.27K +3.08% $0.00 210K 30 Jun 2022 Direct F1
transaction ORC Common Stock Tax liability -$3.38K -1.16K -0.55% $2.93 209K 30 Jun 2022 Direct 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 ORC Performance Units Options Exercise $0 -6.27K -4.69% $0.00 128K 30 Jun 2022 Common Stock 6.27K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares represent 6,270 shares of the Company's common stock issued upon the vesting of Performance Units awarded to the Reporting Person on March 22, 2021 pursuant to the Issuer's 2012 Long Term Incentive Compensation Plan and 2020 Long Term Equity Incentive Compensation Plan. Cash was paid in lieu of issuing fractional shares based on the closing price of the Company's common stock on June 27, 2022.
F2 The price represents the closing price of the Company's common stock on June 27, 2022.
F3 The Reporting Person disposed of these shares of the Company's common stock to the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting of shares.