SEC Form 4 · accession 0001428205-15-000249
Armour Residential REIT, Inc. · ARR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
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 shareF2,F1 | Oct 1, 2015 | M | 2,241 | — | A | 33,208 | D |
Table II — derivative securities
Explanation of responses
- F1See Remarks.
- F2Effective as of July 31, 2015, ARMOUR's common stock was reduced on a one-for-eight basis pursuant to the issuer's reverse stock split. Accordingly, all shares reported in this report reflect the effect of the one-for-eight reverse stock split.
Remarks
On October 1, 2015, the reporting person elected to redeem 292 shares out of 609 shares of vested phantom stock previously granted under ARMOUR's Second Amended and Restated 2009 Stock Incentive Plan into 292 shares of ARMOUR common stock. The reporting person also elected to redeem the remaining 317 shares of vested phantom stock, but immediately forfeited those shares to pay income taxes on the vesting grant. The 609 shares are part of, and relate to, phantom stock vesting over a five-year period, which was reported on Form 4s filed by the reporting person on April 4, 2011 and April 3, 2012, reflected on a pre-reverse-split basis. In addition, on October 1, 2015, the reporting person elected to redeem 841 shares out of 1,681 shares of vested phantom stock into 841 shares of ARMOUR common stock. The reporting person also elected to redeem the remaining 840 shares of vested phantom stock, but immediately forfeited those shares to pay income taxes on the vesting grant. The 1,681 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 April 11, 2012, reflected on a pre-reverse-split basis. On October 1, 2015, the reporting person also elected to redeem 1,108 shares out of 3,313 shares of vested phantom stock into 1,108 shares of ARMOUR common stock. The person also elected to redeem the remaining 2,205 shares of vested phantom stock, but immediately forfeited those shares to pay income taxes on the vesting grant. The 3,313 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 March 21, 2013, reflected on a pre-reverse-split basis.