Sec Form 4 Filing - MCCLURE MELINDA H @ Arlington Asset Investment Corp. - 2021-06-15

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
MCCLURE MELINDA H
2. Issuer Name and Ticker or Trading Symbol
Arlington Asset Investment Corp. [ AAIC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O ARLINGTON ASSET INVESTMENT CORP., 6862 ELM STREET, SUITE 320
3. Date of Earliest Transaction (MM/DD/YY)
06/15/2021
(Street)
MCLEAN, VA22101
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Deferred Stock Units ( 1 ) 06/15/2021 A 19,607 ( 2 ) ( 2 ) ( 2 ) Class A Common Stock 19,607 ( 2 ) $ 0 19,607 D
Restricted Stock Units ( 3 ) ( 3 ) ( 3 ) Class A Common Stock ( 3 ) 37,707 ( 3 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
MCCLURE MELINDA H
C/O ARLINGTON ASSET INVESTMENT CORP.
6862 ELM STREET, SUITE 320
MCLEAN, VA22101
X
Signatures
D. Scott Parish, Attorney-in-Fact 06/17/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Each deferred stock unit ("DSU") represents a contingent right to receive one share of Class A common stock.
( 2 )Represents annual grant of DSUs pursuant to the Company's 2021 Long-Term Incentive Plan in connection with the reporting person's serviceas a non-employee director of the Company. DSUs vest immediately on the award grant date. Vested DSUs are converted into shares of ClassA common stock on a one-for-one basis upon the later of the reporting person's separation from service on the board or the first anniversary ofthe grant date (the "Settlement Date"). If a change in control occurs before the Settlement Date, the settlement will occur on the control changedate. The reporting person does not have voting rights with respect to, but receives dividend equivalent payments on outstanding DSUs.
( 3 )Represents restricted stock units ("RSUs") previously granted pursuant the Company's prior long-term incentive plan. RSUs have the same material terms as DSUs. No transaction occurred and is for informational purposes only.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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