4//SEC Filing
COCHRANE COLLIN L. 4
Accession 0001513564-22-000002
CIK 0000930236other
Filed
Dec 19, 7:00 PM ET
Accepted
Dec 20, 7:15 PM ET
Size
12.4 KB
Accession
0001513564-22-000002
Insider Transaction Report
Form 4
COCHRANE COLLIN LEE
Controller, Managing Director
Transactions
- Exercise/Conversion
Common Stock
2022-12-20$6.90/sh+11,706$80,771→ 68,605 total - Exercise/Conversion
Deferred Stock Units
2022-12-20−11,706→ 13,015 totalExercise: $16.18→ Common Stock (11,706 underlying) - Sale
Common Stock
2022-12-20$6.86/sh−11,706$80,303→ 56,899 total - Tax Payment
Deferred Stock Units
2022-12-20−13,015→ 0 totalExercise: $16.18→ Common Stock (13,015 underlying)
Footnotes (9)
- [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 February 2022.
- [F4]This transaction was executed in multiple trades with prices ranging from $6.75 to $6.91, 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]Deferred Stock Units were subject to a mandatory holding period and are being delivered to the Participant at the time provided in the Deferral Election Form, according to the terms and conditions of the Executive Deferred Compensation Plan.
- [F7]No expiration date is applicable to deferred stock units.
- [F8]This disposition transaction represents a Compensation Committee approved withholding of securities incident to the payment of tax liability relating to the distribution and/or conversion of Deferred Stock Units in the Executive Deferred Compensation Plan.
- [F9]Following these reported transactions, no other Deferred Stock Units with the same original grant date are beneficially owned.
Documents
Issuer
REDWOOD TRUST INC
CIK 0000930236
Entity typeother
Related Parties
1- filerCIK 0001513564
Filing Metadata
- Form type
- 4
- Filed
- Dec 19, 7:00 PM ET
- Accepted
- Dec 20, 7:15 PM ET
- Size
- 12.4 KB