0001127602-19-012156.txt : 20190319 0001127602-19-012156.hdr.sgml : 20190319 20190319155248 ACCESSION NUMBER: 0001127602-19-012156 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190315 FILED AS OF DATE: 20190319 DATE AS OF CHANGE: 20190319 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Chang Andrew S CENTRAL INDEX KEY: 0001468932 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34416 FILM NUMBER: 19691517 MAIL ADDRESS: STREET 1: C/O PENNYMAC, 6101 CONDOR DRIVE STREET 2: UPPER LEVEL CITY: MOORPARK STATE: CA ZIP: 93021 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PennyMac Mortgage Investment Trust CENTRAL INDEX KEY: 0001464423 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 270186273 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 3043 TOWNSGATE ROAD CITY: WESTLAKE VILLAGE STATE: CA ZIP: 91361 BUSINESS PHONE: (818) 224-7442 MAIL ADDRESS: STREET 1: 3043 TOWNSGATE ROAD CITY: WESTLAKE VILLAGE STATE: CA ZIP: 91361 4 1 form4.xml PRIMARY DOCUMENT X0306 4 2019-03-15 0001464423 PennyMac Mortgage Investment Trust PMT 0001468932 Chang Andrew S C/O PENNYMAC MORTGAGE INVESTMENT TRUST 3043 TOWNSGATE ROAD WESTLAKE VILLAGE CA 91361 1 Chief Financial Officer Common Shares of Beneficial Interest 2019-03-15 4 M 0 2102 0 A 83770 D Common Shares of Beneficial Interest 2019-03-15 4 M 0 3429 0 A 87199 D Common Shares of Beneficial Interest 2019-03-15 4 M 0 3313 0 A 90512 D Common Shares of Beneficial Interest 2019-03-15 4 F 0 727 20.69 D 89785 D Common Shares of Beneficial Interest 2019-03-15 4 F 0 1186 20.69 D 88599 D Common Shares of Beneficial Interest 2019-03-15 4 F 0 1146 20.69 D 87453 D Performance-Based Restricted Share Units 0 2019-03-15 4 A 0 2102 0 A Common Shares of Beneficial Interest 2102 2102 D Performance-Based Restricted Share Units 0 2019-03-15 4 M 0 2102 0 D Common Shares of Beneficial Interest 2102 0 D Performance-Based Restricted Share Units 0 2019-03-15 4 A 0 3429 0 A Common Shares of Beneficial Interest 3429 3429 D Performance-Based Restricted Share Units 0 2019-03-15 4 M 0 3429 0 D Common Shares of Beneficial Interest 3429 0 D Performance-Based Restricted Share Units 0 2019-03-15 4 A 0 3313 0 A Common Shares of Beneficial Interest 3313 3313 D Performance-Based Restricted Share Units 0 2019-03-15 4 M 0 3313 0 D Common Shares of Beneficial Interest 3313 0 D This performance-based restricted share unit (PSU) award was granted to the Reporting Person on February 24, 2016 and may vest in three equal installments subject to the satisfaction of certain performance based criteria for each of the fiscal years ending in 2016, 2017 and 2018. The PSU vested as to one-third on March 15, 2019 and the payout of common shares of beneficial interest pursuant to the PSU award for the 2018 fiscal year was determined based on the Issuer's return on equity (ROE) of 10.10% for the period of January 1, 2018 through December 31, 2018 as measured against ROE targets established at the time of grant. The payout percentage for the award based on ROE achievement was 102.5%. The reported amount consists of 11,934 restricted share units and 71,836 common shares of beneficial interest. The restricted share units are to be settled in an equal number of common shares of beneficial interest upon vesting. This performance-based restricted share unit (PSU) award was granted to the Reporting Person on February 23, 2017 and may vest in three equal installments subject to the satisfaction of certain performance based criteria for each of the fiscal years ending 2017, 2018 and 2019. The PSU vested as to one-third on March 15, 2019 and the payout of common shares of beneficial interest pursuant to the PSU award for the 2018 fiscal year was determined based on the Issuer's return on equity (ROE) of 10.10% for the period of January 1, 2018 through December 31, 2018 as measured against ROE targets established at the time of grant. The payout percentage for the award based on ROE achievement was 127.5%. The reported amount consists of 11,934 restricted share units and 75,265 common shares of beneficial interest. The restricted share units are to be settled in an equal number of common shares of beneficial interest upon vesting. This performance-based restricted share unit (PSU) award was granted to the Reporting Person on March 12, 2018 and may vest in three equal installments subject to the satisfaction of certain performance based criteria for each of the fiscal years ending 2018, 2019 and 2020. The PSU vested as to one-third on March 15, 2019 and the payout of common shares of beneficial interest pursuant to the PSU award for the 2018 fiscal year was determined based on the Issuer's return on equity (ROE) of 10.10% for the period of January 1, 2018 through December 31, 2018 as measured against ROE targets established at the time of grant. The payout percentage for the award based on ROE achievement was 127.5%. The reported amount consists of 11,934 restricted share units and 78,578 common shares of beneficial interest. The restricted share units are to be settled in an equal number of common shares of beneficial interest upon vesting. Represents shares withheld for taxes upon vesting of performance-based restricted share units granted on February 24, 2016. The reported amount consists of 11,934 restricted share units and 77,851 common shares of beneficial interest. The restricted share units are to be settled in an equal number of common shares of beneficial interest upon vesting. Represents shares withheld for taxes upon vesting of performance-based restricted share units granted on February 23, 2017. The reported amount consists of 11,934 restricted share units and 76,665 common shares of beneficial interest. The restricted share units are to be settled in an equal number of common shares of beneficial interest upon vesting. Represents shares withheld for taxes upon vesting of performance-based restricted share units granted on March 12, 2018. The reported amount consists of 11,934 restricted share units and 75,519 common shares of beneficial interest. The restricted share units are to be settled in an equal number of common shares of beneficial interest upon vesting. /s/ Kisha Parker, attorney-in-fact for Mr. Chang 2019-03-19