FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Carnahan Scott W.		 2. Issuer Name and Ticker or Trading Symbol

PennyMac Mortgage Investment Trust [ PMT ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle)

C/O PENNYMAC MORTGAGE INVESTMENT TRUST, 3043 TOWNSGATE ROAD		 3. Date of Earliest Transaction (MM/DD/YYYY)

3/19/2020
(Street)

WESTLAKE VILLAGE, CA 91361
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
 6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Shares of Beneficial Interest 3/19/2020  P  1000 A$6.475 8200 I Schwab IRA 
Common Shares of Beneficial Interest 3/19/2020  P  1000 A$6.4252 9200 I Schwab IRA 
Common Shares of Beneficial Interest 3/19/2020  P  500 A$6.3501 9700 I Schwab IRA 
Common Shares of Beneficial Interest 3/19/2020  P  500 A$5.9165 10200 I Schwab IRA 
Common Shares of Beneficial Interest 3/19/2020  P  500 A$5.92 10700 I Schwab IRA 
Common Shares of Beneficial Interest 3/19/2020  P  1000 A$5.4776 11700 I Schwab IRA 
Common Shares of Beneficial Interest 3/19/2020  P  1000 A$5.3476 12700 I Schwab IRA 
Common Shares of Beneficial Interest 3/19/2020  P  4500 A$6.75 27500 I UBS IRA 
Common Shares of Beneficial Interest 3/19/2020  P  175 A$6.447 69094 (1)D  
Common Shares of Beneficial Interest 3/19/2020  P  325 A$6.45 69419 (2)D  
Common Shares of Beneficial Interest 3/19/2020  P  100 A$6.379 69519 (3)D  
Common Shares of Beneficial Interest 3/19/2020  P  400 A$6.36 69919 (4)D  
Common Shares of Beneficial Interest         3222 I Schwab Roth IRA 
Common Shares of Beneficial Interest         5135 I Schwab SEP IRA 
Common Shares of Beneficial Interest         950 I Wells Roth IRA 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)		2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)		8. Price of Derivative Security
(Instr. 5)		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
(1) The reported amount consists of 8,892 restricted share units and 60,202 common shares of beneficial interest. The restricted share units are to be settled in an equal number of common shares of beneficial interest upon vesting.
(2) The reported amount consists of 8,892 restricted share units and 60,527 common shares of beneficial interest. The restricted share units are to be settled in an equal number of common shares of beneficial interest upon vesting.
(3) The reported amount consists of 8,892 restricted share units and 60,627 common shares of beneficial interest. The restricted share units are to be settled in an equal number of common shares of beneficial interest upon vesting.
(4) The reported amount consists of 8,892 restricted share units and 61,027 common shares of beneficial interest. The restricted share units are to be settled in an equal number of common shares of beneficial interest upon vesting.
Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Carnahan Scott W.
C/O PENNYMAC MORTGAGE INVESTMENT TRUST
3043 TOWNSGATE ROAD
WESTLAKE VILLAGE, CA 91361		X
Signatures
/s/ Kisha Parker, attorney-in-fact for Mr. Carnahan3/19/2020
**Signature of Reporting PersonDate
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