X0306 4 2013-04-03 0001428205 Armour Residential REIT, Inc. ARR 0001207637 PAPERIN STEWART J 3001 OCEAN DRIVE SUITE 201 VERO BEACH FL 32963 1 Common Stock, par value $0.001 per share 2013-04-03 4 A 0 2526 A 10847 D Common Stock, par value $0.001 per share 2013-04-03 4 M 0 251 A 11098 D See Remarks On April 3, 2013, the reporting person elected to redeem 251 shares of vested phantom stock previously granted under ARMOUR Residential REIT, Inc.'s Amended and Restated 2009 Stock Incentive Plan into 251 shares of ARMOUR's common stock, and received 2,526 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 2013, the reporting person will receive up to $16,500 of the reporting person's total quarterly compensation for 2013 (or $66,000 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 2,526 shares of stock represent the reporting person's election of stock compensation for the past quarter. Represents shares of common stock directly owned by Mr. Paperin as of April 5, 2013. Previous Forms 4 misreported Mr. Paperin's direct ownership to include an additional 10,000 shares of common stock. /s/ Stewart J. Paperin 2013-04-05