SEC Form 4 · accession 0001233537-16-000006
REDWOOD TRUST INC · RWT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas B Hansen
Director
Period of report
May 16, 2016
Accepted (ET)
May 17, 2016 · 7:10 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 16, 2016 | M | 3,666 | $13.31 | A | 329,065 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Stock UnitsF5,F3,F6,F7 | $13.47 | May 16, 2016 | A | 6,310 | A | — | — | Common Stock | 6,310 | 6,310 | D |
| Deferred Stock UnitsF8,F9,F7 | $20.46 | May 16, 2016 | M | 3,666 | D | — | — | Common Stock | 3,666 | 0 | D |
Explanation of responses
- F1This transaction relates to the distribution and/or conversion of Deferred Stock Units to common stock in 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 market value RWT common stock on transaction date under the 2014 Incentive Award Plan.
- F4This transaction relates to the grant of Deferred Stock Units.
- F5100% vested at grant.
- F6Shares are subject to a minimum mandatory holding period and will be delivered to the Participant at the time provided in the Deferral Election but no sooner than May 15, 2019.
- F7No expiration date is applicable to deferred stock units.
- F8Represents fair value of Deferred Stock Units, based on the original grant date fair market value.
- F9Shares are subject to a minimum mandatory holding period and will be delivered to the Participant at the time provided in the Deferral Election but no sooner than May 16, 2016.