Zimmerman Jordan 4
4 · Armour Residential REIT, Inc. · Filed Apr 11, 2012
Insider Transaction Report
Form 4
Zimmerman Jordan
Director
Transactions
- Exercise/Conversion
Common Stock, par value $0.001 per share
2012-04-09+503→ 1,719 total - Award
Common Stock, par value $0.001 per share
2012-04-09+652→ 1,216 total
Footnotes (1)
- [F1]On April 9, 2012, the reporting person elected to redeem 503 shares of vested phantom stock previously granted under ARMOUR Residential, Inc.'s 2009 Stock Incentive Compensation Plan into 503 shares of ARMOUR's common stock, and received 652 shares of ARMOUR common stock pursuant to quarterly compensation paid for the reporting person's service on ARMOUR's Board of Directors. Commencing with the end of the first quarter of 2012, the reporting person will receive up to $11,000 of the reporting person's total quarterly compensation for 2012 (or $44,000 on an annual basis), paid in stock. However, the reporting person may elect to receive some or all of the stock compensation as cash. The 652 shares of stock represent the reporting person's election of stock compensation for the past quarter.