0001681908-16-000008.txt : 20161216 0001681908-16-000008.hdr.sgml : 20161216 20161216175141 ACCESSION NUMBER: 0001681908-16-000008 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20161214 FILED AS OF DATE: 20161216 DATE AS OF CHANGE: 20161216 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: Stern Shoshone (Bo) CENTRAL INDEX KEY: 0001681908 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-13759 FILM NUMBER: 162057309 MAIL ADDRESS: STREET 1: 1 BELVEDERE PLACE STREET 2: SUITE 300 CITY: MILL VALLEY STATE: CA ZIP: 94941 4 1 edgardoc.xml PRIMARY DOCUMENT X0306 4 2016-12-14 0 0000930236 REDWOOD TRUST INC RWT 0001681908 Stern Shoshone (Bo) 1 BELVEDERE PLACE SUITE 300 MILL VALLEY CA 94941 0 1 0 0 Chief Investment Officer Deferred Stock Units 15.28 2016-12-14 4 A 0 16361 0.0 A Common Stock 16361 16361 D Performance Stock Units 13.24 2016-12-14 4 A 0 18882 0.0 A Common Stock 18882 18882 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 2014 Incentive Award Plan. 25% vests 1/31/2018, 6.25% every quarter thereafter (beginning with the quarter end 3/31/2018). Fully vested 12/13/2020. 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 declared during the vesting period). Vesting of these PSUs will generally occur at the end of three years (on December 13, 2019) based on total stockholder return over four staggered two-year performance measurement periods and continued employment through December 13, 2019. 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, 2019. No expiration date is applicable to performance stock units. Please refer to Item 5.02(e) of the Current Report on Form 8-K to be filed on December 19, 2016 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 footnote (5) and footnote (7). Shoshone (Bo) Stern 2016-12-15