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