SEC Form 4 · accession 0001207637-18-000005
Armour Residential REIT, Inc. · ARR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stewart J Paperin
Director
Period of report
Feb 22, 2018
Accepted (ET)
Feb 28, 2018 · 3:36 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001428205
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.001 per shareF1,F2 | Feb 22, 2018 | M | 1,500 | $0.00 | A | 14,393 | I | See Footnote |
| Common Stock, par value $0.001 per share | holding | — | — | — | 1,040 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF1,F3 | — | Feb 22, 2018 | M | 1,500 | D | — | — | Common Stock | 1,500 | 10,700 | D |
Explanation of responses
- F1On February 22, 2018, the reporting person elected to convert 1,500 shares of vested phantom stock into 1,500 shares of ARMOUR common stock. The 1,500 shares are part of, and relate to, phantom stock vesting over a five-year period, which was reported on a Form 4 filed by the reporting person on November 22, 2017.
- F2Represents shares owned indirectly through the Stewart J. Paperin Family Trust. Mr. Paperin has a pecuniary interest in and investment control over the shares held by the Trust.
- F3Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.