4//SEC Filing
Chisholm Scott 4
Accession 0001487797-11-000001
CIK 0000930236other
Filed
Dec 7, 7:00 PM ET
Accepted
Dec 8, 5:50 PM ET
Size
9.2 KB
Accession
0001487797-11-000001
Insider Transaction Report
Form 4
Chisholm Scott
Managing Director
Transactions
- Award
Deferred Stock Units
2011-12-07+34,381→ 34,381 totalExercise: $10.53→ Common Stock (34,381 underlying) - Award
Performance Stock Units
2011-12-07+34,381→ 34,381 totalExercise: $9.83→ Common Stock (34,381 underlying)
Footnotes (9)
- [F1]This transaction relates to the grant of Deferred Stock Units.
- [F2]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 2002 Incentive Plan.
- [F3]25% vests 1/1/2013, 6.25% every quarter thereafter. Fully vested 1/1/2016.
- [F4]No expiration date is applicable to Deferred Stock Units.
- [F5]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 paid during the vesting period). Vesting of these PSUs will generally occur at the end of three years (on December 6, 2014) based on three-year total stockholder return. Please refer to Item 5.02(e) of the Current Report on Form 8-K filed on December 8, 2011 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 (7) below.
- [F6]Represents grant date fair value of the PSUs issued, based on the fair market value of RWT common stock on the transaction date under the 2002 Incentive Plan.
- [F7]Represents the target number of PSUs granted.
- [F8]Shares are subject to minimum mandatory holding period and will be delivered to the Participant no sooner than May 1, 2015.
- [F9]No expiration date is applicable to performance stock units.
Documents
Issuer
REDWOOD TRUST INC
CIK 0000930236
Entity typeother
Related Parties
1- filerCIK 0001487797
Filing Metadata
- Form type
- 4
- Filed
- Dec 7, 7:00 PM ET
- Accepted
- Dec 8, 5:50 PM ET
- Size
- 9.2 KB