X0306 4 2015-02-24 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 2015-02-24 4 A 0 53911 0 A 315922 D The Reporting Person was granted 53,911 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. The reported amount consists of 193,311 restricted share units and 122,611 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. Spector 2015-02-25