SEC Form 4 · accession 0001513564-17-000004
REDWOOD TRUST INC · RWT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Collin Lee Cochrane
Officer — Chief Financial Officer
Period of report
Sep 1, 2017
Accepted (ET)
Sep 5, 2017 · 4:27 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 | $16.73 | Sep 1, 2017 | A | 11,954 | A | — | — | Common Stock | 11,954 | 11,954 | 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. Cochrane in connection with his promotion to the role of Chief Financial Officer, effective on September 1, 2017.
- F2Represents fair market value RWT common stock on transaction date under the 2014 Incentive Award Plan.
- F325% vests 10/1/2018, 6.25% every quarter thereafter. Fully vested 8/31/2021.
- F4No expiration date is applicable to deferred stock units.