SEC Form 4 · accession 0001428205-15-000034
Armour Residential REIT, Inc. · ARR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas K Guba
Director
Period of report
Jan 5, 2015
Accepted (ET)
Jan 7, 2015 · 6:43 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 | Jan 5, 2015 | M | 251 | — | A | 211,499 | D | |
| Common Stock, par value $0.001 per shareF1 | Jan 5, 2015 | A | 4,483 | — | A | 215,982 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On January 5, 2015, the reporting person elected to redeem 251 shares of vested phantom stock previously granted under ARMOUR Residential REIT, Inc.'s Amended and Restated 2009 Stock Incentive Plan into 251 shares of ARMOUR's common stock and received 4,483 shares of ARMOUR common stock pursuant to quarterly compensation paid for the reporting person's service on ARMOUR's Board of Directors. Commencing with the end of the first quarter of 2013, the reporting person may elect to receive up to $16,500 of the reporting person's total quarterly compensation (or $66,000 on an annual basis), paid in stock. However, the reporting person may elect to receive some or all of the stock compensation as cash. The 4,483 shares of stock represent the reporting person's election of stock compensation for the past quarter.