SEC Form 4 · accession 0001513564-16-000005
REDWOOD TRUST INC · RWT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Collin Lee Cochrane
Officer — Controller, Managing Director
Period of report
Feb 29, 2016
Accepted (ET)
Mar 1, 2016 · 5:13 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 UnitsF1,F2,F3 | $11.89 | Feb 29, 2016 | A | 26,913 | A | — | — | Common Stock | 26,913 | 26,913 | 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.
- F225% vests 4/1/2017, 6.25% on 6/1/2017, and every three months thereafter beginning with 9/1/2017. Fully vested 2/28/2020.
- F3No expiration date is applicable to deferred stock units.