REDWOOD TRUST INC 4
4 · REDWOOD TRUST INC · Filed May 23, 2017
Insider Transaction Report
Form 4
BAUM RICHARD
Director
Transactions
- Sale
Common Stock
2017-05-22$16.52/sh−1,752$28,943→ 28,423.14 total - Exercise/Conversion
Deferred Stock Units
2017-05-22−4,381→ 0 totalExercise: $19.40→ Common Stock (4,381 underlying) - Exercise/Conversion
Common Stock
2017-05-22$16.39/sh+4,381$71,805→ 30,175.14 total
Holdings
- 1,758(indirect: By IRA)
Common Stock
Footnotes (7)
- [F1]This transaction relates to the distribution and/or conversion of Deferred Stock Units to common stock under the Executive Deferred Compensation Plan.
- [F2]Represents the value (per stock unit or share of common stock) of the distribution and/or conversion of Deferred Stock Units, including 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.
- [F3]Transaction made pursuant to a 10b5-1 trading plan adopted by the Reporting Person in November, 2016.
- [F4]This transaction was executed in multiple trades with prices ranging from $16.44 to $16.59, 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.
- [F5]Represents fair value of Deferred Stock Units, based on the original grant date fair market value.
- [F6]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 20, 2017.
- [F7]No expiration date is applicable to deferred stock units.