0001104659-19-075171.txt : 20191220
0001104659-19-075171.hdr.sgml : 20191220
20191220181433
ACCESSION NUMBER: 0001104659-19-075171
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20191220
FILED AS OF DATE: 20191220
DATE AS OF CHANGE: 20191220
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Stone Andrew P
CENTRAL INDEX KEY: 0001487805
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13759
FILM NUMBER: 191303019
MAIL ADDRESS:
STREET 1: 1 BELVEDERE PLACE, STE. 300
CITY: MILL VALLEY
STATE: CA
ZIP: 94941
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: REDWOOD TRUST INC
CENTRAL INDEX KEY: 0000930236
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 680329422
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: ONE BELVEDERE PLACE
STREET 2: SUITE 300
CITY: MILL VALLEY
STATE: CA
ZIP: 94941
BUSINESS PHONE: (415) 380-2317
MAIL ADDRESS:
STREET 1: ONE BELVEDERE PLACE
STREET 2: SUITE 300
CITY: MILL VALLEY
STATE: CA
ZIP: 94941
4
1
tm19263763_form4.xml
FORM 4
X0306
4
2019-12-20
0
0000930236
REDWOOD TRUST INC
RWT
0001487805
Stone Andrew P
1 BELVEDERE PLACE, STE. 300
MILL VALLEY
CA
94941
0
1
0
0
General Counsel
Common Stock
2019-12-20
4
M
0
29114
16.64
A
99176
D
Common Stock
2019-12-20
4
S
0
15000
16.62
D
84176
D
Performance Stock Units
13.24
2019-12-20
4
M
0
16385
0
D
Common Stock
16385
18219
D
Performance Stock Units
13.24
2019-12-20
4
F
0
18219
0
D
Common Stock
18219
0
D
Deferred Stock Units
13.02
2019-12-20
4
M
0
12729
0
D
Common Stock
12728
14152
D
Deferred Stock Units
13.02
2019-12-20
4
F
0
14152
0
D
Common Stock
14152
0
D
This transaction relates to the distribution and/or conversion of Performance Stock Units and Deferred Stock Units to common stock under the Executive Deferred Compensation Plan.
Represents the value (per stock unit or share of common stock) of the distribution and/or conversion of Performance Stock Units and Deferred 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.
Transaction made pursuant to a 10b5-1 trading plan adopted by the Reporting Person earlier in 2019.
This transaction was executed in multiple trades with prices ranging from $16.55 to $16.68, inclusive. The price reported in Column 4 above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
Represents fair value per stock unit of Performance Stock Units or Deferred Stock Units, based on the original grant date fair value determined at such time in accordance with FASB Accounting Standards Codification Topic 718.
Performance Stock Units and Deferred 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.
No expiration date is applicable to Performance Stock Units and Deferred Stock Units.
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 and/or Deferred Stock Units under the Executive Deferred Compensation Plan.
Following these reported transactions, no other Performance Stock Units and/or Deferred Stock Units with the same original grant date are beneficially owned.
/s/ Andrew P. Stone
2019-12-20