SEC Form 4 · accession 0001144204-16-098709
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
May 2, 2016
Accepted (ET)
May 3, 2016 · 5:31 pm EDT
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 StockF2 | May 2, 2016 | M | 75,382 | $12.96 | A | 608,766 | D | |
| 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 UnitsF1,F3,F4,F5 | $13.82 | May 2, 2016 | M | 75,382 | D | — | — | Common Stock | 75,382 | 93,069 | D |
| Deferred Stock UnitsF1,F7,F3,F4,F5 | $13.82 | May 2, 2016 | F | 93,069 | D | — | — | Common Stock | 93,069 | 0 | D |
Explanation of responses
- F1This transaction relates to the distribution and/or conversion of Deferred Stock Units to common stock under the Executive Deferred Compensation Plan.
- F2Represents the value (per stock unit or share of common stock) of the distribution and/or conversion of Deferred Stock Units to common stock under the Executive Deferred Compensation Plan, based on the fair market value of Redwood Trust, Inc. common stock on the transaction date.
- F3Represents fair value per stock unit of Deferred Stock Units based on the weighted average of the original grant date fair market values.
- F4Deferred Stock Units were subject to a mandatory holding period and conversion and/or distribution to the Reporting Person is at the time provided in the applicable deferral election form, in accordance with the terms and conditions of the Executive Deferred Compensation Plan.
- F5No expiration date is applicable to Deferred Stock Units or Performance Stock Units.
- F6This disposition transaction represents a Compensation Committee approved withholding of securities incident to the payment of income tax liability relating to the distribution and/or conversion of Deferred Stock Units under the Executive Deferred Compensation Plan.
- F7Following these reported transactions, no other Deferred Stock Units with the same original grant date are beneficially owned.