SEC Form 4 · accession 0001488500-19-000002
REDWOOD TRUST INC · RWT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Fred Matera
Director
Period of report
Mar 1, 2019
Accepted (ET)
Mar 4, 2019 · 4:34 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 UnitsF3,F1,F4,F5 | $15.33 | Mar 1, 2019 | A | 1,340 | A | — | — | Common Stock | 1,340 | 1,340 | D |
Explanation of responses
- F1Represents 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.
- F2This transaction relates to the grant of Deferred Stock Units.
- F3100% vested at grant.
- F4Deferred Stock Units are subject to a mandatory holding period and will be delivered to the Participant at the time provided in a related Deferral Election Form, according to the terms and conditions of the Executive Deferred Compensation Plan.
- F5No expiration date is applicable to deferred stock units.
Remarks
This grant of Deferred Stock Units is made in conjunction to Mr. Matera's appointment to Redwood's Board of Directors. For more information, please refer to Item 9B on Form 10-K filed on March 1, 2019.