SEC Form 4 · accession 0001513564-17-000008

REDWOOD TRUST INC · RWT

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chief Financial Officer

Period of report

Dec 20, 2017

Accepted (ET)

Dec 21, 2017 · 4:54 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000930236

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F2	Dec 20, 2017	M	3,559	$14.76	A	7,397	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Deferred Stock Units^F1,F3,F5,F6	$18.86	Dec 20, 2017	F	4,394	D	—	—	Common Stock	4,394	3,559	D
Deferred Stock Units^F1,F3,F5,F6	$18.86	Dec 20, 2017	M	3,559	D	—	—	Common Stock	3,559	0	D

F1This transaction relates to the distribution and/or conversion of Deferred Stock Units to common stock under the Executive Deferred Compensation Plan.
F2Represents the value (per stock unit or share of common stock) of the distribution and/or conversion of Deferred Stock Units, including to common stock under the Executive Deferred Compensation Plan, based on the fair market value of Redwood Trust, Inc. common stock on the transaction date.
F3Represents fair value of Deferred Stock Units, based on the original grant date fair market value.
F4This disposition transaction represents a Compensation Committee approved withholding of securities incident to the payment of tax liability relating to the distribution and/or conversion of Deferred Stock Units in the Executive Deferred Compensation Plan.
F5Deferred Stock Units were subject to a mandatory holding period and are being delivered to the Participant at the time provided in the Deferral Election Form, according to the terms and conditions of the Executive Deferred Compensation Plan.
F6No expiration date is applicable to deferred stock units.