SEC Form 4 · accession 0001144204-18-024458
REDWOOD TRUST INC · RWT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Karen R Pallotta
Director
Period of report
May 1, 2018
Accepted (ET)
May 1, 2018 · 4:15 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 1, 2018 | M | 1,777 | $15.34 | A | 1,777 | D | |
| Common Stock | holding | — | — | — | 3,027 | I | by IRA |
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 | $20.05 | May 1, 2018 | M | 1,777 | D | — | — | Common Stock | 1,777 | 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, including 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 of Deferred Stock Units, based on the original grant date fair market value.
- F4Deferred Stock Units are subject to a mandatory holding period and will be delivered to the Participant at the time provided in the Deferral Election Form, according to the terms and conditions of the Executive Deferred Compensation Plan.
- F5No expiration date is applicable to deferred stock units.