Zimmerman Jordan 4
4 · Armour Residential REIT, Inc. · Filed Jul 6, 2012
Insider Transaction Report
Form 4
Zimmerman Jordan
Director
Transactions
- Award
Common Stock, par value $0.001 per share
2012-07-03+619→ 2,338 total - Exercise/Conversion
Common Stock, par value $0.001 per share
2012-07-03+251→ 2,589 total
Footnotes (1)
- [F1]On July 3, 2012, the reporting person elected to redeem 251 shares of vested phantom stock previously granted under ARMOUR Residential REIT, Inc.'s 2009 Stock Incentive Compensation Plan into 251 shares of ARMOUR's common stock, and received 619 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 619 shares of stock represent the reporting person's election of stock compensation for the past quarter.