Statement of Changes in Beneficial Ownership (4)
June 11 2015 - 4:31PM
Edgar (US Regulatory)
Exhibit 99.1
1. Each restricted stock unit (“RSU”) represents
a contingent right to receive one share of Class A common stock of Arlington Asset Investment Corp. (the “Company”).
2. Represents pro rata annual grant of RSUs pursuant to the
Company’s 2014 Long-Term Incentive Plan (the “2014 Plan”) in connection with the reporting person’s service
as a non-employee director of the Company. The RSUs vest immediately on the award grant date. Vested RSUs are converted into shares
of Class A common stock on a one-for-one basis, with any fractional shares being settled in cash, upon the later of the reporting
person’s separation from service on the board of directors or the first anniversary of the grant date (the “Settlement
Date”). If a change in control occurs before the Settlement Date, the settlement will occur on the control change date.
RSUs previously granted to the reporting person pursuant to
Company’s 2011 Long-Term Incentive Plan (the “2011 Plan”) vested immediately on the award grant date. RSUs previously
granted to the reporting person pursuant to Company’s 2004 Long-Term Incentive Plan (the “2004 Plan”) vested
on the first anniversary of the award grant date. Under the 2011 Plan and the 2004 Plan, vested RSUs are converted into shares
of Class A common stock on a one-for-one basis upon the reporting person’s separation from service on the board of directors.
The reporting person does not have voting rights with respect
to, but receives dividend equivalent payments on, outstanding RSUs.
3. Represents: (i) 1,626 RSUs granted on January 3, 2011
pursuant to the 2004 Plan, which vested January 3, 2012, (ii) 2,908 RSUs granted on June 2, 2011 pursuant to the 2011 Plan, which
vested on June 2, 2011; (iii) 3,994 RSUs granted on June 6, 2012 pursuant to the 2011 Plan, which vested on June 6, 2012; (iv)
3,087 RSUs granted on June 6, 2013 pursuant to the 2011 Plan, which vested on June 6, 2013; (v) 3,068 RSUs granted on June 11,
2014 pursuant to the 2011 Plan, which vested on June 11, 2014; and (vi) 4,118 RSUs granted on June 10, 2015 pursuant to the 2014
Plan, which vested on June 10, 2015.
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