Form 4 for ARR Armour Residential REIT, Inc.
Accepted 2021-10-01 00:00:00 ET · period of report 2021-10-01 · accession 0001428205-21-000233 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-10-01 | 2021-10-01 | ARR | MOUNTAIN JAMES R | CFO | S - Sale | $10.81 | -33.7K | 55.1K | -38% | -$364.3K |
| DI | 2021-10-01 | 2021-07-27 | ARR | MOUNTAIN JAMES R | CFO | G - Gift | $0.00 | -500 | 4,500 | -10% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock, par value $0.001 per share | 2021-10-01 | S | D | 33,700 | $10.81 | 55,110 | D | — | — | (F1) The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $10.78 to $10.86, inclusive. The reporting person undertakes to provide ARMOUR Residential REIT, Inc., any security holder of ARMOUR Residential REIT, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (1). |
| 2 | Derivative | 7.00% Series C Cumulative Redeemable Preferred Stock | 2021-07-27 | G | D | 500 | $0.00 | 4,500 | I By Spouse's Revocable Trust | — · — to — | 1,307 Common Stock, par value $0.001 per share | (F2) Upon the occurrence of a Change of Control (as defined in the Articles Supplementary relating to the Series C Preferred Stock) of the issuer, the reporting person will have the right to convert the shares of Series C Preferred Stock into a number of shares of common stock of the issuer per share of Series C Preferred Stock equal to the lesser of: (i) the quotient obtained by dividing (x) the sum of the $25.00 liquidation preference per share of Series C Preferred Stock plus the amount of any accumulated and unpaid dividends by (y) the Common Stock Price (as defined in the Articles Supplementary relating to the Series C Preferred Stock); and (ii) 2.613696, subject to certain adjustments indicated in the Articles Supplementary relating to the Series C Preferred Stock. (F3) The Series C Preferred Stock has no expiration date. |