SEC Form 4 · accession 0001233561-18-000002
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 21, 2018
Accepted (ET)
May 22, 2018 · 7:44 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 21, 2018 | M | 5,124 | $16.47 | A | 15,438 | 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,F3,F4,F5 | $16.59 | May 21, 2018 | M | 5,124 | D | — | — | Common Stock | 5,124 | 0 | D |
| Deferred Stock UnitsF8,F6,F9,F5 | $16.62 | May 22, 2018 | A | 6,016 | A | — | — | Common Stock | 6,016 | 6,016 | 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 were subject to a mandatory holding period and are being 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.
- F6Represents fair market value RWT common stock on transaction date under the 2014 Incentive Award Plan.
- F7This transaction relates to the grant of Deferred Stock Units.
- F8100% vested at grant.
- 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 21, 2021.