SEC Form 4 · accession 0001144204-16-085446
REDWOOD TRUST INC · RWT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 1, 2016 | P | 5,000 | $11.9865 | A | 518,384 | D | |
| Common Stock | Mar 1, 2016 | P | 5,000 | $12.0214 | A | 523,384 | D | |
| Common Stock | Mar 1, 2016 | P | 5,000 | $12.0487 | A | 528,384 | D | |
| Common Stock | Mar 1, 2016 | P | 5,000 | $12.1742 | A | 533,384 | D | |
| Common Stock | holding | — | — | — | 5,000 | I | by Spouse |
Table II — derivative securities
Remarks
As previously reported, on December 21, 2015, in connection the distribution/conversion of Performance Stock Units to common stock, the Reporting Person sold in the open market 1,381 shares of common stock pursuant to a 10b5-1 trading plan at a weighted average sale price of $13.42 per share. All proceeds of the December 21, 2015 sale were remitted by the Reporting Person to federal and/or state income tax agencies as additional income tax withholdings and/or estimated income tax payments arising from the distribution/conversion of the Performance Stock Units. In connection with the open market purchases by the Reporting Person of common stock reported on this Form 4, and pursuant to the requirements of Section 16(b) of the Securities Exchange Act of 1934, as amended, the Reporting Person disgorged to Redwood Trust, Inc. a total of $1,980 (rounded up to the nearest dollar), which represents "short-swing" profit from the matching of the December 21, 2015 sale of common stock and the purchase of common stock reported on this Form 4.