X0303 4 2011-03-08 0001464423 PennyMac Mortgage Investment Trust PMT 0001275713 SPECTOR DAVID C/O PENNYMAC MORTGAGE INVESTMENT TRUST 27001 AGOURA ROAD, THIRD FLOOR CALABASAS CA 91301 1 1 President and COO Common Shares of Beneficial Interest 2011-03-08 4 A 0 60000 0 A 131061 D Mr. Spector was granted 60,000 restricted share units. The restricted share units, which vest in four 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. /s/ David A. Spector 2011-03-11