0001127602-18-011597.txt : 20180314 0001127602-18-011597.hdr.sgml : 20180314 20180314175223 ACCESSION NUMBER: 0001127602-18-011597 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20180312 FILED AS OF DATE: 20180314 DATE AS OF CHANGE: 20180314 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Bailey Steven Richard CENTRAL INDEX KEY: 0001571945 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34416 FILM NUMBER: 18690482 MAIL ADDRESS: STREET 1: C/O PENNYMAC STREET 2: 6101 CONDOR DRIVE 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 2018-03-12 1 0001464423 PennyMac Mortgage Investment Trust PMT 0001571945 Bailey Steven Richard C/O PENNYMAC 3043 TOWNSGATE ROAD WESTLAKE VILLAGE CA 91361 1 Chief Mortgage Ops Officer Common Shares of Beneficial Interest 2018-03-12 4 A 0 5104 0 A 19081 D Common Shares of Beneficial Interest 2018-03-12 4 M 0 1462 0 A 20543 D Performance-Based Restricted Share Units 0 2018-03-12 4 A 0 1462 0 A Common Shares of Beneficial Interest 1462 1462 D Performance-Based Restricted Share Units 0 2018-03-12 4 M 0 1462 0 D Common Shares of Beneficial Interest 1462 0 D The Reporting Person was granted 5,104 restricted share units. The restricted share units, which vest in three equal annual installments beginning on the first anniversary of the grant date, are to be settled in an equal number of common shares of beneficial interest upon vesting. The reported amount consists of 19,081 restricted share units. 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 12, 2018 and the payout of common shares of beneficial interest pursuant to the PSU award for the 2017 fiscal year was determined based on the Issuer's return on equity (ROE) of 7.72% for the period of January 1, 2017 through December 31, 2017 as measured against ROE targets established at the time of grant. The payout percentage for the award based on target achievement was 68%. The reported amount consists of 19,081 restricted share units and 1,462 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/ Derek W. Stark, attorney-in-fact for Mr. Bailey 2018-03-14