SEC Form 4 · accession 0001428205-16-000289
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 shareF1 | Jan 5, 2016 | M | 2,465 | — | A | 45,835 | D |
Table II — derivative securities
Explanation of responses
- F1See Remarks
Remarks
On January 5, 2016, the reporting person elected to redeem 318 shares out of 609 shares of vested phantom stock previously granted under ARMOUR's Second Amended and Restated 2009 Stock Incentive Plan into 318 shares of ARMOUR common stock. The reporting person also elected to redeem the remaining 291 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. In addition, on January 5, 2016, 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. On January 5, 2016, the reporting person also elected to redeem 1,306 shares out of 3,313 shares of vested phantom stock into 1,306 shares of ARMOUR common stock. The person also elected to redeem the remaining 2,007 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.