Arlington Asset Investment Corp. 4
4 · Arlington Asset Investment Corp. · Filed Dec 15, 2014
Insider Transaction Report
Form 4
BILLINGS ERIC F
DirectorChairman & CEO
Transactions
- Conversion
Class A Common Stock
2014-12-11+194,743→ 308,895 total - Sale
Class A Common Stock
2014-12-11$27.58/sh−75,000$2,068,350→ 233,895 total - Sale
Class A Common Stock
2014-12-12$27.10/sh−67,443$1,827,503→ 166,452 total - Sale
Class A Common Stock
2014-12-15$26.96/sh−52,300$1,410,270→ 114,152 total - Conversion
Class B Common Stock
2014-12-11−194,743→ 203,914 total→ Class A Common Stock (194,743 underlying)
Footnotes (5)
- [F1]The reporting person converted 194,743 shares of Class B Common Stock on December 11, 2014. Each share of Class B Common Stock was convertible into one share of Class A Common Stock on a one-for-one basis without the payment of any consideration. As a result, Mr. Billings acquired 194,743 shares of Class A Common Stock.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.45 to $27.69, inclusive. The reporting person undertakes to provide to Arlington Asset Investment Corp., any security holder of Arlington Asset Investment Corp., 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 footnotes (2), (3) and (4) to this Form 4.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.00 to $27.35, inclusive.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.85 to $27.20, inclusive.
- [F5]Mr. Billings could convert the Class B Common Stock at any time into shares of Class A Common Stock, subject to the approval of Arlington Asset Investment Corp. The Class B Common Stock had no expiration date.