SEC Form 4 · accession 0000899243-17-024947
Arlington Asset Investment Corp. · AI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ralph S Michael III
Director
Period of report
Oct 30, 2017
Accepted (ET)
Oct 31, 2017 · 8:30 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001209028
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Oct 30, 2017 | P | 5,000 | $11.66 | A | 7,325 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2,F3 | — | holding | — | — | — | — | — | Class A Common Stock | — | 49,348 | D |
Explanation of responses
- F1Represents the current Restricted Stock Units ("RSUs") owned by the reporting person. No transaction occurred and is for informational purpsoses only.
- F2Each RSU represents a contingent right to receive one share of Class A common stock of Arlington Asset Investment Corp. (the "Company").
- F3Represents annual grant of RSUs pursuant to the Company's 2014 Long-Term Incentive Plan (the "2014 Plan") in connection with the reporting person's service as a non-employee director of the Company. The RSUs vest immediately on the award grant date. Vested RSUs are converted into shares of Class A common stock on a one-for-one basis, with any fractional shares being settled in cash, upon the later of the reporting person's separation from service on the board of directors or the first anniversary of the grant date (the "Settlement Date"). If a change in control occurs before the Settlement Date, the settlement will occur on the control change date. The reporting person does not have voting rights with respect to, but receives dividend equivalent payments on, outstanding RSUs.