0001144204-16-098711.txt : 20160503 0001144204-16-098711.hdr.sgml : 20160503 20160503173223 ACCESSION NUMBER: 0001144204-16-098711 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160502 FILED AS OF DATE: 20160503 DATE AS OF CHANGE: 20160503 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: BAUM RICHARD CENTRAL INDEX KEY: 0001233547 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-13759 FILM NUMBER: 161616678 MAIL ADDRESS: STREET 1: 572 SUMMIT AVE CITY: MILL VALLEY STATE: CA ZIP: 94941 4 1 v438690_4.xml OWNERSHIP DOCUMENT X0306 4 2016-05-02 0 0000930236 REDWOOD TRUST INC RWT 0001233547 BAUM RICHARD ONE BELVEDERE PLACE, SUITE 300 MILL VALLEY CA 94941 1 0 0 0 Common Stock 2016-05-02 4 M 0 6093 12.96 A 26031.14 D Common Stock 2016-05-02 4 S 0 3903 12.79 D 22128.14 D Common Stock 1758 I By IRA Deferred Stock Units 12.31 2016-05-02 4 M 0 6093 0 D Common Stock 6093 0 D This transaction relates to the distribution and/or conversion of Deferred Stock Units, to common stock under the Executive Deferred Compensation Plan. Represents the value (per stock unit or share of common stock) of the distribution and/or conversion of Deferred Stock Units, to common stock under the Executive Deferred Compensation Plan, based on the fair market value of Redwood Trust, Inc. common stock on the transaction date. Transaction made pursuant to a 10b5-1 trading plan adopted by the Reporting Person in 2015. A portion of the proceeds of this transaction are being remitted by the Reporting Person to Federal and/or State income tax agencies as additional income tax withholdings and/or estimated income tax payments. This transaction was executed in multiple trades with prices ranging from $12.67 to $12.98, inclusive. The price reported in Column 4 above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote. Represents fair value per stock unit of Deferred Stock Units based on the weighted average of the original grant date fair market values. Shares are subject to a minimum mandatory holding period and will be delivered to the Participant at the time provided in the Deferral Election but no sooner than May 1, 2016. No expiration date is applicable to Deferred Stock Units. This Form 4 is being filed in connection with the distribution and/or conversion of Deferred Stock Units to common stock under the Redwood Trust, Inc. Executive Deferred Compensation Plan. The Deferred Stock units referred to in this Form 4 were originally granted to the Reporting Person on May 17, 2012 and were fully vested at grant. The distribution and/or conversion of the stock units referred to herein gives rise to Federal and State income tax liability of the Reporting Person based on the number of stock units distributed and/or converted and the value of Redwood Trust, Inc. common stock on May 2, 2016. The sale by the Reporting Person of a portion of the distributed common stock is to address such tax liability where (i) a portion of the proceeds of such sale are being remitted by the Reporting Person to Federal and/or State income tax agencies as additional income tax withholding and/or estimated income tax payments and (ii) a portion of the proceeds of such sale represent the sale of common stock for cash proceeds. Attorney-In-Fact: Andrew P. Stone for Richard Baum 2016-05-03