0001488500-13-000003.txt : 20131212
0001488500-13-000003.hdr.sgml : 20131212
20131212175802
ACCESSION NUMBER: 0001488500-13-000003
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20131210
FILED AS OF DATE: 20131212
DATE AS OF CHANGE: 20131212
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: 131274506
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
2013-12-10
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
18.86
2013-12-10
4
A
0
17232
0
A
Common Stock
17232
17232
D
Performance Stock Units
14.19
2013-12-10
4
A
0
22903
0
A
Common Stock
22903
22903
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 2002 Incentive Plan.
25% vests 1/31/2015, 6.25% every quarter thereafter (beginning with the quarter end 3/31/2015). Fully vested 12/20/2017.
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 paid during the vesting period). Vesting of these PSUs will generally occur at the end of three years (on December 9, 2016) 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 12, 2013 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, 2016.
No expiration date is applicable to performance stock units.
Christopher Abate
2013-12-11