SEC Form 4 · accession 0001428205-18-000068
Armour Residential REIT, Inc. · ARR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott Ulm
Officer — Co-CEO and CIO · Director
Period of report
Feb 22, 2018
Accepted (ET)
Feb 26, 2018 · 8:16 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 | Feb 22, 2018 | M | 6,100 | $0.00 | A | 99,664 | D | |
| Common Stock, par value $0.001 per shareF1 | Feb 22, 2018 | D | 2,400 | $22.53 | D | 97,264 | 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,F2 | — | Feb 22, 2018 | M | 6,100 | D | — | — | Common Stock | 6,100 | 115,900 | D |
Explanation of responses
- F1On February 22, 2018, the reporting person elected to convert 3,700 shares out of 6,100 shares of vested phantom stock into 3,700 shares of ARMOUR common stock. The person elected to convert the remaining 2,400 shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 6,100 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.
- F2Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.