SEC Form 4 · accession 0001428205-18-000073
Armour Residential REIT, Inc. · ARR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert C Hain
Director
Period of report
Mar 9, 2018
Accepted (ET)
Mar 13, 2018 · 6:07 pm EDT
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 | Mar 9, 2018 | M | 1,500 | $0.00 | A | 1,500 | D | |
| Common Stock, par value $0.001 per shareF1 | Mar 9, 2018 | D | 750 | $22.53 | D | 750 | D | |
| Common Stock, par value $0.001 per shareF2 | holding | — | — | — | 7,529 | I | See Footnote. |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF1,F3 | — | Mar 9, 2018 | M | 1,500 | D | — | — | Common Stock | 1,500 | 10,700 | D |
Explanation of responses
- F1On March 9, 2018, the reporting person elected to convert 750 shares out of 1,500 shares of vested phantom stock into 750 shares of ARMOUR common stock. The person elected to convert the remaining 750 shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 1,500 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.
- F2Represents shares owned indirectly through HW Trust Company Limited as Trustee of The RCH Guernsey Trust. Mr. Hain is deemed to beneficially own the shares held by the HW Trust Company Limited as Trustee of The RCH Guernsey Trust and has a pecuniary interest in and investment control over the shares.
- F3Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.