Arlington Asset Investment Corp. 4
4 · Arlington Asset Investment Corp. · Filed Aug 14, 2014
Insider Transaction Report
Form 4
BILLINGS ERIC F
DirectorChairman & CEO
Transactions
- Award
Class A Common Stock
2014-08-13$22.99/sh+19,141$440,052→ 114,152 total
Footnotes (3)
- [F1]Represents 38,984 shares of Class A common stock issued upon vesting of a portion of the Performance Share Units ("PSUs") awarded on August 13, 2012 pursuant to the Arlington Asset Investment Corp. 2011 Long-Term Incentive Plan. PSUs represent the right to receive shares of the Company's Class A common stock subject to the achievement of certain performance goals at the end of the applicable performance period. One-half of the PSUs awarded on August 13, 2012 were eligible for vesting at the end of the second year following the grant date, and one-half of the PSUs are eligible for vesting at the end of the third year following the grant date. 19,843 shares were withheld by the issuer to satisfy a tax withholding obligation by the reporting person in connection with the vesting of the PSUs.
- [F2]The last reported sale price of the Company's Class A common stock on the New York Stock Exchange on the date preceding the grant date.
- [F3]Includes 10,999 shares held by EFB Capital Corporation which is owned and controlled by the reporting person and his wife.