Form 4 for ORC Orchid Island Capital, Inc.

Accepted 2021-07-01 00:00:00 ET · period of report 2021-06-30 · accession 0001518621-21-000100 · 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
	2021-07-01	2021-06-30	ORC	Haas G Hunter IV	CFO, Dir	F - Tax	$5.23	+291	130.4K	+0.2%	+$1,522
	2021-07-01	2021-06-30	ORC	Haas G Hunter IV	CFO, Dir	M - OptEx	$5.23	+798	130.7K	+0.6%	+$4,174

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2021-06-30	F	A	291	$5.23	130,410	D	—	—	(F3) The Reporting Person disposed of these shares of the Company's common stock to the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting of shares that occurred on June 30, 2021. (F2) The price represents the closing price of the Company's common stock on June 29, 2021.
2	Common	Common Stock	2021-06-30	M	A	798	$5.23	130,701	D	—	—	(F1) These shares represent 798 shares of the Company's common stock issued upon the vesting of Performance Units awarded to the Reporting Person on April 6, 2018 pursuant to the Issuer's 2012 Long Term Incentive Compensation Plan and 2017 Long Term Equity Incentive Compensation Plan. Each Performance Unit represents the right to receive one share of the Company's common stock subject to the Reporting Person continuing to serve as an executive officer of the Issuer, and are earned at a rate of 10% per quarter commencing with the quarter ended March 31, 2019 and concluding with the quarter ended June 30, 2021 (F2) The price represents the closing price of the Company's common stock on June 29, 2021.