SEC Form 4 · accession 0001024553-18-000002
REDWOOD TRUST INC · RWT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Martin S Hughes
Officer — Chief Executive Officer · Director
Period of report
Mar 1, 2018
Accepted (ET)
Mar 1, 2018 · 6:51 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000930236
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 1, 2018 | G | 1,150 | $0.00 | D | 681,579 | I | by Trust |
| Common Stock | holding | — | — | — | 5,000 | I | by Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Stock UnitsF2,F1,F3,F4 | $14.66 | Mar 1, 2018 | A | 56,181 | A | — | — | Common Stock | 56,181 | 56,181 | D |
Explanation of responses
- F1Represents fair market value RWT common stock on transaction date under the 2014 Incentive Award Plan.
- F2Represents the portion of 2017 performance-based annual bonus paid in the form of fully vested deferred stock units, instead of cash. Please refer to Item 11 "Executive Compensation" of Form 10-k filed on February 28, 2018 for further details.
- F3Shares are subject to a three-year mandatory holding period and will be delivered to the Participant at the time provided in the Deferral Election but no sooner than May 1, 2021.
- F4No expiration date is applicable to deferred stock units.