Form Type: 4

SEC EDGAR Link
Accession Number:0001104659-19-075170
Date:2019-12-20
Issuer: REDWOOD TRUST INC (RWT)
Original Submission Date:

Reporting Person:

STERN SHOSHONE (BO)
1 BELVEDERE PLACE
SUITE 300 MILL VALLEY, CA 94941

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2019-12-20 M 10,241 a $16.64 40,930 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
PERFORMANCE STOCK UNITS 13.24 2019-12-20 deemed execution date M 10,241 (d) common stock 10,241 $13.24 11,387 direct
PERFORMANCE STOCK UNITS 13.24 2019-12-20 deemed execution date F 11,387 (d) common stock 11,387 $13.24 0 direct
Footnotes
IDfootnote
f1 this transaction relates to the distribution and/or conversion of performance stock units to common stock under the executive deferred compensation plan.
f2 represents the value (per stock unit or share of common stock) of the distribution and/or conversion of performance stock units 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.
f3 represents fair value per stock unit of performance stock units based on the original grant date fair value determined at such time in accordance with fasb accounting standards codification topic 718.
f4 performance stock units were subject to a mandatory holding period and conversion and/or distribution to the reporting person is at the time provided in the applicable deferral election form, in accordance with the terms and conditions of the executive deferred compensation plan.
f5 no expiration date is applicable to performance stock units.
f6 this disposition transaction represents a compensation committee approved withholding of securities incident to the payment of income tax liability relating to the distribution and/or conversion of performance stock units under the executive deferred compensation plan.
f7 following these reported transactions, no other performance stock units with the same original grant date are beneficially owned.
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