0001453409-15-000002.txt : 20151218
0001453409-15-000002.hdr.sgml : 20151218
20151218163646
ACCESSION NUMBER: 0001453409-15-000002
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20151216
FILED AS OF DATE: 20151218
DATE AS OF CHANGE: 20151218
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
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Abate Christopher J
CENTRAL INDEX KEY: 0001453409
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13759
FILM NUMBER: 151297218
MAIL ADDRESS:
STREET 1: ONE BELVEDERE PLACE
STREET 2: SUITE 300
CITY: MILL VALLEY
STATE: CA
ZIP: 94941
4
1
edgardoc.xml
PRIMARY DOCUMENT
X0306
4
2015-12-16
0
0000930236
REDWOOD TRUST INC
RWT
0001453409
Abate Christopher J
1 BELVEDERE PLACE
SUITE 300
MILL VALLEY
CA
94941
0
1
0
0
Chief Financial Officer
Deferred Stock Units
13.02
2015-12-16
4
A
0
42242.0
0.0
A
Common Stock
42242
42242
D
Performance Stock Units
9.46
2015-12-16
4
A
0
58139.0
0.0
A
Common Stock
58139
58139
D
This transaction relates to the grant of Deferred Stock Units.
Represents 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.
25% vests 1/31/2017, 6.25% every quarter thereafter (beginning with the quarter end 3/31/2017). Fully vested 12/15/2019.
No expiration date is applicable to deferred stock units.
This transaction relates to the grant of Performance Stock Units ("PSUs"), which are performance-based equity awards. The number of underlying shares of common stock of Redwood Trust, Inc. ("Common Stock") that vest and that the recipient becomes entitled to receive at the time of vesting will generally range from 0% to 200% of a target number of PSUs granted, contingent on the achievement of a pre-established performance metric (with the target number of PSUs granted being adjusted to reflect the value of any dividends on Common Stock declared during the vesting period). Vesting of these PSUs will generally occur at the end of three years (on December 15, 2018) based on three-year total stockholder return. Please refer to Item 5.02(e) of the Current Report on Form 8-K filed on December 17, 2015 by Redwood Trust, Inc. for a description of the terms of these PSUs, which Item 5.02(e) qualifies, in its entirety, the description set forth in this footnote (5) and footnote (7) below.
Represents grant date fair value of the PSUs issued.
Represents the target number of PSUs granted.
Vested shares, if any, will be delivered to the Participant no later than December 31, 2018.
No expiration date is applicable to performance stock units.
Attorney-In-Fact: Andrew P. Stone
2015-12-18