SEC Form 4 · accession 0001453409-16-000004
REDWOOD TRUST INC · RWT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher J Abate
Officer — Chief Financial Officer
Period of report
Jun 8, 2016
Accepted (ET)
Jun 9, 2016 · 4:26 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000930236
Table I — non-derivative securities
No Table I lines on this filing.
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,F2,F3,F4 | $14.51 | Jun 8, 2016 | A | 20,675 | A | — | — | Common Stock | 20,675 | 20,675 | D |
Explanation of responses
- F1This transaction relates to the grant of deferred stock units approved by the Compensation Committee of the Board of Directors to Mr. Abate in connection with his promotion to the role of President, effective on July 1, 2016.
- F2Represents grant date fair value of the DSUs issued, based on the fair market value of RWT common stock on the transaction date under the 2014 Incentive Award Plan.
- F325% vests 7/31/2017, 6.25% every quarter thereafter (beginning with the quarter ending 9/30/2017). Fully vested 6/7/2020.
- F4No expiration date is applicable to deferred stock units.