X0306 4 2017-12-29 0001518621 Orchid Island Capital, Inc. ORC 0001432283 Haas G Hunter IV C/O BIMINI CAPITAL MANAGEMENT, INC. 3305 FLAMINGO DRIVE VERO BEACH FL 32963 true true CFO, CIO and Secretary Common Stock 2017-12-29 4 M 0 337 9.4 A 45736 D Common Stock 2017-12-29 4 M 0 1721 9.4 A 47457 D Common Stock 2017-12-29 4 F 0 457 9.4 D 47000 D These shares represent 337 shares of the Company's common stock issued upon the vesting of Performance Units awarded to the Reporting Person on January 21, 2015 pursuant to the Issuer's 2012 Long Term Incentive Compensation Plan. Each Performance Unit represents the right to receive one share of the Company's common stock subject to the Reporting Person continuing to serve as an executive officer of the Issuer, and are earned at a rate of 10% per quarter commencing with the quarter ended March 31, 2016 and concluding with the quarter ended June 30, 2018. The Reporting Person received cash in lieu of fractional shares. These shares represent 1,721 shares of the Company's common stock issued upon the vesting of Performance Units awarded to the Reporting Person on March 15, 2016 pursuant to the Issuer's 2012 Long Term Incentive Compensation Plan and 2015 Long Term Equity Incentive Compensation Plan. Each Performance Unit represents the right to receive one share of the Company's common stock subject to the Reporting Person continuing to serve as an executive officer of the Issuer, and are earned at a rate of 10% per quarter commencing with the quarter ended March 31, 2017 and concluding with the quarter ended June 30, 2019. The price represents the closing price of the Company's common stock on December 28, 2017. The Reporting Person disposed of these shares to the Issuer to satisfy the Reporting Person's estimated tax withholding obligations in connection with the shares issued on December 29, 2017. /s/ G. Hunter Haas, IV 2018-01-03