SEC Form 4 · accession 0001487805-18-000002
REDWOOD TRUST INC · RWT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew P Stone
Officer — General Counsel
Period of report
Mar 1, 2018
Accepted (ET)
Mar 1, 2018 · 6:58 pm EST
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 UnitsF2,F1,F3,F4 | $14.66 | Mar 1, 2018 | A | 75 | A | — | — | Common Stock | 75 | 75 | D |
Explanation of responses
- F1Represents fair market value RWT common stock on transaction date under the 2014 Incentive Award Plan.
- F2Represents the portion of 2017 performance-based annual bonus paid in the form of fully vested deferred stock units, instead of cash. Please refer to Item 11 "Executive Compensation" of Form 10-k filed on February 28, 2018 for further details.
- F3Shares are subject to a three-year mandatory holding period and will be delivered to the Participant at the time provided in the Deferral Election but no sooner than May 1, 2021.
- F4No expiration date is applicable to deferred stock units.