Form 4 for ORC Orchid Island Capital, Inc.
Accepted 2022-03-29 00:00:00 ET · period of report 2022-03-25 · accession 0001518621-22-000027 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-03-29 | 2022-03-25+ | ORC | Haas G Hunter IV | CFO, Dir | F - Tax | $3.36 | -23.2K | 133.5K | -15% | -$77.8K |
| D | 2022-03-29 | 2022-03-28 | ORC | Haas G Hunter IV | CFO, Dir | A - Grant | $0.00 | +58.9K | 192.4K | +44% | $0 |
| D | 2022-03-29 | 2022-03-25 | ORC | Haas G Hunter IV | CFO, Dir | M - OptEx | $0.00 | +4,778 | 135.2K | +4% | $0 |
| D | 2022-03-29 | 2022-03-25 | ORC | Haas G Hunter IV | CFO, Dir | M - OptEx | $0.00 | -4,778 | 43.0K | -10% | $0 |
| D | 2022-03-29 | 2022-03-28 | ORC | Haas G Hunter IV | CFO, Dir | A - Grant | $0.00 | +58.9K | 102.0K | +137% | $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 | 2022-03-28 | F | D | 21,428 | $3.36 | 170,970 | D | — | — | (F5) 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 awarding of shares that occurred on March 28, 2022. (F6) The price represents the closing price of the Company's common stock on March 28, 2022. |
| 2 | Common | Common Stock | 2022-03-28 | A | A | 58,947 | $0.00 | 192,398 | D | — | — | (F4) Unrestricted shares of the Issuer's common stock issued under the 2021 Equity Incentive Compensation Plan and the 2017 Long-Term Incentive Compensation Plan, the 2019 Long-Term Incentive Compensation Plan and the 2021 Long-Term Incentive Compensation Plan. |
| 3 | Common | Common Stock | 2022-03-25 | M | A | 4,778 | $0.00 | 135,188 | D | — | — | (F1) These shares represent 4,778 shares of the Company's common stock issued upon the vesting of Performance Units awarded to the Reporting Person on March 22, 2021 pursuant to the Issuer's 2012 Long Term Incentive Compensation Plan and 2020 Long Term Equity Incentive Compensation Plan. Cash was paid in lieu of issuing fractional shares based on the closing price of the Company's common stock on March 25, 2022. |
| 4 | Common | Common Stock | 2022-03-25 | F | D | 1,737 | $3.35 | 133,451 | 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 March 25, 2022. (F2) The price represents the closing price of the Company's common stock on March 25, 2022. |
| 5 | Derivative | Performance Units | 2022-03-25 | M | D | 4,778.50 | $0.00 | 43,006.50 | D | — · — to — | 4,778.50 Common Stock | (F1) These shares represent 4,778 shares of the Company's common stock issued upon the vesting of Performance Units awarded to the Reporting Person on March 22, 2021 pursuant to the Issuer's 2012 Long Term Incentive Compensation Plan and 2020 Long Term Equity Incentive Compensation Plan. Cash was paid in lieu of issuing fractional shares based on the closing price of the Company's common stock on March 25, 2022. |
| 6 | Derivative | Performance Units | 2022-03-28 | A | A | 58,947 | $0.00 | 101,953.50 | D | — · — to — | 58,947 Common Stock | (F7) Performance units issued under the 2021 Equity Incentive Compensation Plan and the 2017 Long-Term Incentive Compensation Plan, the 2019 Long-Term Incentive Compensation Plan and the 2021 Long Term Incentive Compensation Plan. Each performance unit represents a contingent right to receive one share of the Issuer's common stock. The performance units are earned at the rate of 10% per quarter commencing with the quarter ending March 31, 2023 and concluding with the quarter ending June 30, 2025. The number of performance units actually earned by the Reporting Person is subject to adjustment based on the Issuer's achievement of certain performance goals as set forth in a performance unit award agreement by and between the Issuer and the Reporting Person. |