SEC Form 4 · accession 0001681908-18-000004
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 12, 2018
Accepted (ET)
Dec 13, 2018 · 6:19 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,F4 | $16.18 | Dec 12, 2018 | A | 26,266 | A | — | — | Common Stock | 26,266 | 26,266 | D |
Explanation of responses
- F1This transaction relates to the grant of Deferred Stock Units.
- F2Represents 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.
- F325% vests 1/31/2020, 6.25% every quarter thereafter (beginning with 4/1/2020). Fully vested 12/11/2022.
- F4No expiration date is applicable to deferred stock units.