SEC Form 4 · accession 0001681908-16-000010
REDWOOD TRUST INC · RWT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Shoshone (Bo) Stern
Officer — Chief Investment Officer
Period of report
Dec 19, 2016
Accepted (ET)
Dec 20, 2016 · 5:51 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 StockF2 | Dec 19, 2016 | M | 5,434 | $15.16 | A | 15,086 | D |
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,F3,F5,F6 | $16.47 | Dec 19, 2016 | F | 6,709 | D | — | — | Common Stock | 6,709 | 5,434 | D |
| Deferred Stock UnitsF1,F7,F3,F5,F6 | $16.47 | Dec 19, 2016 | M | 5,434 | D | — | — | Common Stock | 5,434 | 0 | D |
Explanation of responses
- 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.
- F7Following these reported transactions, no other Deferred Stock Units with the same original grant date are beneficially owned.