SEC Form 4 · accession 0001275477-16-000165
Orchid Island Capital, Inc. · ORC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
W Coleman Bitting
Director
Period of report
Aug 1, 2016
Accepted (ET)
Aug 3, 2016 · 5:24 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001518621
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 2, 2016 | L | 300 | $9.71 | A | 13,129 | D | |
| Common Stock | Jun 28, 2016 | A | 36 | $10.25 | A | 13,165 | D | |
| Common StockF1 | Jul 18, 2016 | L | 446 | $10.68 | A | 13,611 | D | |
| Common StockF2 | Aug 1, 2016 | P | 545 | $10.9579 | A | 14,156 | D | |
| Common StockF2 | Aug 1, 2016 | S | 725 | $10.95 | D | 13,431 | D | |
| Common StockF2 | Aug 1, 2016 | P | 180 | $10.9799 | A | 13,611 | D | |
| Common StockF2 | Aug 2, 2016 | P | 1,465 | $10.898 | A | 15,076 | D | |
| Common StockF2 | Aug 2, 2016 | S | 1,440 | $10.8725 | D | 13,636 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares were issued in consideration for service on the Issuer's Board of Directors at a price of $10.68 per share, which represents the closing price of the stock on July 14, 2016.
- F2The sole purpose of these transactions was to cause shares to be owned in the reporting person's 401(k) account rather than his taxable account.
Remarks
For purposes of Section 16 of the Securities Exchange Act of 1934, the transactions listed above resulted in a short-swing profit of approximately $417.43. As a result, the reporting person has paid $417.43 to the issuer.