SEC Form 4 · accession 0001233561-17-000006
REDWOOD TRUST INC · RWT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mariann H Byerwalter
Director
Period of report
May 22, 2017
Accepted (ET)
May 23, 2017 · 4:38 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 22, 2017 | M | 4,381 | $16.39 | A | 14,695 | I | by Trust |
| Common StockF4 | May 22, 2017 | S | 4,381 | $16.48 | D | 10,314 | I | by Trust |
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,F5,F6,F7 | $19.40 | May 22, 2017 | M | 4,381 | D | — | — | Common Stock | 4,381 | 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.
- F3Transaction made pursuant to a 10b5-1 trading plan adopted by the Reporting Person in November, 2016.
- F4This transaction was executed in multiple trades with prices ranging from $16.38 to $16.54, inclusive. The price reported in Column 4 above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
- F5Represents fair value of Deferred Stock Units, based on the original grant date fair market value.
- 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 20, 2017.
- F7No expiration date is applicable to deferred stock units.