SEC Form 4 · accession 0001428205-15-000263
Armour Residential REIT, Inc. · ARR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James R Mountain
Officer — Chief Financial Officer
Period of report
Dec 9, 2015
Accepted (ET)
Dec 11, 2015 · 11:18 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001428205
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 7.875% Series B Cumulative Redeemable Preferred StockF1,F2 | — | Dec 9, 2015 | P | 1,000 | A | — | — | Common Stock, par value $0.001 per share | 6,963 | 1,000 | D |
| 7.875% Series B Cumulative Redeemable Preferred StockF1,F2 | — | Dec 9, 2015 | P | 1,000 | A | — | — | Common Stock, par value $0.001 per share | 6,963 | 2,000 | D |
Explanation of responses
- F1Upon the occurrence of a Change of Control (as defined in the Articles Supplementary relating to the Series B Preferred Stock) of the issuer, the reporting person will have the right to convert the shares of Series B Preferred Stock into a number of shares of common stock of the issuer per share of Series B Preferred Stock equal to the lesser of: (i) the quotient obtained by dividing (x) the sum of the $25.00 liquidation preference per share of Series B Preferred Stock plus the amount of any accumulated and unpaid dividends by (y) the Common Stock Price (as defined in the Articles Supplementary relating to the Series B Preferred Stock); and (ii) 6.9638, subject to certain adjustments indicated in the Articles Supplementary relating to the Series B Preferred Stock.
- F2The Series B Preferred Stock has no expiration date.