SEC Form 4 · accession 0001428205-18-000291
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
Nov 21, 2018
Accepted (ET)
Nov 26, 2018 · 7:30 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 | Nov 21, 2018 | M | 6,100 | $0.00 | A | 110,764 | D | |
| Common Stock, par value $0.001 per shareF1 | Nov 21, 2018 | D | 2,400 | $21.84 | D | 108,364 | 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 | — | Nov 21, 2018 | M | 6,100 | D | — | — | Common Stock | 6,100 | 97,600 | D |
Explanation of responses
- F1On November 21, 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.