4//SEC Filing
Zimmerman Jordan 4
Accession 0001437749-12-003346
CIK 0001428205other
Filed
Apr 2, 8:00 PM ET
Accepted
Apr 3, 9:49 PM ET
Size
39.5 KB
Accession
0001437749-12-003346
Insider Transaction Report
Form 4
Zimmerman Jordan
Director
Transactions
- Award
Phantom Stock
2012-03-31+315→ 315 total→ Common Stock (315 underlying) - Award
Phantom Stock
2012-09-30+63→ 441 total→ Common Stock (63 underlying) - Award
Phantom Stock
2013-03-31+63→ 567 total→ Common Stock (63 underlying) - Award
Phantom Stock
2013-06-30+63→ 630 total→ Common Stock (63 underlying) - Award
Phantom Stock
2013-12-31+63→ 756 total→ Common Stock (63 underlying) - Award
Phantom Stock
2014-06-30+63→ 882 total→ Common Stock (63 underlying) - Award
Phantom Stock
2014-09-30+63→ 945 total→ Common Stock (63 underlying) - Award
Phantom Stock
2014-12-31+63→ 1,008 total→ Common Stock (63 underlying) - Award
Phantom Stock
2015-03-31+63→ 1,071 total→ Common Stock (63 underlying) - Award
Phantom Stock
2013-09-30+63→ 693 total→ Common Stock (63 underlying) - Award
Phantom Stock
2015-12-31+53→ 1,250 total→ Common Stock (53 underlying) - Award
Phantom Stock
2015-06-30+63→ 1,134 total→ Common Stock (63 underlying) - Award
Phantom Stock
2012-06-30+63→ 378 total→ Common Stock (63 underlying) - Award
Phantom Stock
2012-12-31+63→ 504 total→ Common Stock (63 underlying) - Award
Phantom Stock
2014-03-31+63→ 819 total→ Common Stock (63 underlying) - Award
Phantom Stock
2015-09-30+63→ 1,197 total→ Common Stock (63 underlying)
Footnotes (3)
- [F1]The reporting person was granted an aggregate of 1,250 shares of phantom stock under ARMOUR Residential REIT, Inc.'s 2009 Stock Incentive Compensation Plan pursuant to a vesting schedule described below. 315 shares of phantom stock vesting on the last day of each fiscal quarter until September 30, 2015. On December 31, 2015, 53 shares will vest, at which time all phantom stock will be vested. The 1,250 shares of phantom stock is in addition to the 3,750 shares of phantom stock granted to the reporting person and subject to a five-year vesting schedule, which began on March 31, 2011. The 3,750 shares of phantom stock were separately reported on a Form 4 filed by the reporting person on April 4, 2011.
- [F2]Upon termination of the reporting person's service with ARMOUR, all phantom shares which have not vested prior to or concurrently with such termination will be forfeited by the reporting person; provided, however, that the phantom shares will vest if the termination is due to death, disability, termination without cause, or retirement after age 62. The phantom shares will automatically vest upon a change in control of ARMOUR. The reporting person will be entitled to an equal number of shares of ARMOUR common stock within 30 days of vesting. The reporting person also has the right to elect to receive the amount of cash necessary to pay any income taxes instead of some of the shares of ARMOUR common stock. With respect to each phantom share, the reporting person will receive a cash payment in an amount equal to the cash dividend distributions paid in the ordinary course on a share of ARMOUR common stock.
- [F3]Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.
Documents
Issuer
Armour Residential REIT, Inc.
CIK 0001428205
Entity typeother
Related Parties
1- filerCIK 0001416060
Filing Metadata
- Form type
- 4
- Filed
- Apr 2, 8:00 PM ET
- Accepted
- Apr 3, 9:49 PM ET
- Size
- 39.5 KB