Filing Details
- Accession Number:
- 0001428205-20-000316
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2020-11-24 17:17:40
- Reporting Period:
- 2020-11-23
- Accepted Time:
- 2020-11-24 17:17:40
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1428205 | Armour Residential Reit Inc. | ARR | Real Estate Investment Trusts (6798) | 261908763 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1469064 | Scott Ulm | 3001 Ocean Drive Suite #201 Vero Beach FL 32963 | Co-Ceo And Cio | Yes | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock, Par Value $0.001 Per Share | Acquisiton | 2020-11-23 | 11,640 | $0.00 | 180,634 | No | 4 | M | Direct | |
| Common Stock, Par Value $0.001 Per Share | Disposition | 2020-11-23 | 4,640 | $10.51 | 175,994 | No | 4 | D | Direct | |
| Common Stock, Par Value $0.001 Per Share | Disposition | 2020-11-23 | 32,000 | $10.69 | 143,994 | No | 4 | S | Direct | |
| Common Stock, Par Value $0.001 Per Share | Disposition | 2020-11-24 | 14,655 | $11.00 | 129,339 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | D | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Phantom Stock | Disposition | 2020-11-23 | 11,640 | $0.00 | 11,640 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 133,120 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock, Par Value $0.001 Per Share | 80,000 | Indirect | By ARMOUR Capital Management LP |
Footnotes
- On November 23, 2020, the reporting person elected to convert 7,000 shares out of 11,640 shares of vested phantom stock into 7,000 shares of ARMOUR common stock. The person elected to convert the remaining 4,640 shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 11,640 shares are part of, and relate to, phantom stock vesting over five-year periods, which was reported on Form 4 reports filed by the reporting person on November 22, 2017 and January 16, 2020, and phantom stock vesting over a two-and-a-half year period, which was reported on a Form 4 report filed by the reporting person on May 19, 2020.
- The reporting person sold these shares in open market transactions for 2020 tax planning purposes.
- The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $10.5399 to $10.7328, 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 purchased at each separate price within the ranges set forth in this footnote (3).
- The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $10.87 to $11.07, 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 purchased at each separate price within the ranges set forth in this footnote (4).
- The reported shares were purchased and are owned directly by ARMOUR Capital Management LP ("ACM"), a limited partnership that is the external manager of the issuer. The shares have been reported in the aggregate for both Mr. Ulm herein and Mr. Jeffrey Zimmer, a Co-CEO of the issuer, in a separate Form 4 report. Mr. Ulm is the sole controlling member of Stacumny LLC, which is one of the general partners of ACM, along with an entity controlled by Mr. Zimmer. Mr. Ulm disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.
Billionaire Hedge Funds
