Hughes Martin S 4
4 · REDWOOD TRUST INC · Filed Feb 27, 2013
Insider Transaction Report
Form 4
Hughes Martin S
President/CFO
Transactions
- Award
Deferred Stock Units
2013-02-26+60,396→ 60,396 totalExercise: $19.72→ Common Stock (60,396 underlying)
Footnotes (4)
- [F1]Represents fair market value RWT common stock on transaction date under the 2002 Incentive Plan.
- [F2]Mr Hughes received $1,191,009 of his 2012 annual bonus in the form of immediately vested deferred stock units instead of cash.
- [F3]Shares are subject to a three-year 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.
- [F4]No expiration date is applicable to deferred stock units.