X0305 4 2012-05-16 0001464423 PennyMac Mortgage Investment Trust PMT 0001275713 SPECTOR DAVID C/O PENNYMAC MORTGAGE INVESTMENT TRUST 6101 CONDOR DRIVE MOORPARK CA 93021 1 1 President and COO Common Shares of Beneficial Interest 2012-05-16 4 A 0 67000 0 A 198061 D Mr. Spector was granted 67,000 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/ Derek W. Stark, attorney-in-fact for Mr. Spector 2012-05-18