SEC Form 4 · accession 0001144204-15-050294
Arlington Asset Investment Corp. · AI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric F Billings
Officer — Executive Chairman · Director
Period of report
Aug 13, 2015
Accepted (ET)
Aug 17, 2015 · 8:51 pm 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 StockF1,F2 | Aug 13, 2015 | A | 11,249 | $22.99 | A | 125,401 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents 17,146 shares of Class A common stock issued upon vesting of a portion of the Performance Share Units ("PSUs") awarded on August 13, 2012 pursuant to the Arlington Asset Investment Corp. 2011 Long-Term Incentive Plan. PSUs represent the right to receive shares of the Company's Class A common stock subject to the achievement of certain performance goals at the end of the applicable performance period. One-half of the PSUs awarded on August 13, 2012 were eligible for vesting at the end of the second year following the grant date, and one-half of the PSUs are eligible for vesting at the end of the third year following the grant date. 5,897 shares were withheld by the issuer to satisfy a tax withholding obligation by the reporting person in connection with the vesting of the PSUs.
- F2The last reported sale price of the Company's Class A common stock on the New York Stock Exchange on the date preceding the grant date.