0001716998-18-000002.txt : 20180524 0001716998-18-000002.hdr.sgml : 20180524 20180524171247 ACCESSION NUMBER: 0001716998-18-000002 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20180522 FILED AS OF DATE: 20180524 DATE AS OF CHANGE: 20180524 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Robinson Dashiell I CENTRAL INDEX KEY: 0001716998 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-13759 FILM NUMBER: 18858735 MAIL ADDRESS: STREET 1: 1 BELVEDERE PLACE STREET 2: SUITE 300 CITY: MILL VALLEY STATE: CA ZIP: 94941 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 4 1 edgardoc.xml PRIMARY DOCUMENT X0306 4 2018-05-22 0 0000930236 REDWOOD TRUST INC RWT 0001716998 Robinson Dashiell I 1 BELVEDERE PLACE SUITE 300 MILL VALLEY CA 94941 0 1 0 0 President Deferred Stock Units 16.62 2018-05-22 4 A 0 6017 0.0 A Common Stock 6017 6017 D Performance Stock Units 15.2 2018-05-22 4 A 0 6578 0.0 A Common Stock 6578 6578 D Represents fair market value RWT common stock on transaction date under the 2014 Incentive Award Plan. This transaction relates to the grant of performance stock units or deferred stock units approved by the Compensation Committee of the Board of Directors to Mr. Robinson in connection with his promotion to the role of President, effective on May 22, 2018. 25% vests 7/1/2019, 6.25% every quarter thereafter. Fully vested 5/21/2022. 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 May 21, 2021) based on three-year total stockholder return. Please refer to Item 5.02(e) of the Current Report on Form 8-K filed on May 23, 2018 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 this footnote (5) and footnote (6) below. 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 August 31, 2021. No expiration date is applicable to performance stock units. Attorney-In-Fact: /s/ Andrew P. Stone 2018-05-24