-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Spb9ZWLpK35YTATpDf9HR2TUe8G473IuKgqhf8rW3+W0L7t+R2v0/vS4Ptai7Eky EukvRaGq7FwKPGIrZunTeg== 0000935836-01-500315.txt : 20010711 0000935836-01-500315.hdr.sgml : 20010711 ACCESSION NUMBER: 0000935836-01-500315 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010710 GROUP MEMBERS: ERIC B. SWERGOLD GROUP MEMBERS: GRUBER & MCBAINE CAPITAL MANAGEMENT LLC GROUP MEMBERS: J. PATTERSON MCBAINE GROUP MEMBERS: JON D. GRUBER GROUP MEMBERS: THOMAS O. LLOYD-BUTLER SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: REDWOOD TRUST INC CENTRAL INDEX KEY: 0000930236 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 680329422 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-45335 FILM NUMBER: 1678213 BUSINESS ADDRESS: STREET 1: 591 REDWOOD HWY STREET 2: STE 3100 CITY: MILL VALLEY STATE: CA ZIP: 94941 BUSINESS PHONE: 4153897373 MAIL ADDRESS: STREET 1: 591 REDWOOD HIGHWAY STREET 2: STE 3100 CITY: MILL VALLEY STATE: CA ZIP: 94941 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GRUBER & MCBAINE CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0000909450 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 770210467 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 50 OSGOOD PLACE PENTHOUSE CITY: SAN FRANCISCO STATE: CA ZIP: 94133 BUSINESS PHONE: 4159811039 MAIL ADDRESS: STREET 1: 50 OSGOOD PLACE CITY: SAN FRANCISCO STATE: CA ZIP: 94133 FORMER COMPANY: FORMER CONFORMED NAME: GRUBER & MCBAINE CAPITAL MANAGEMENT/GRUBER JON D ET AL DATE OF NAME CHANGE: 19951108 FORMER COMPANY: FORMER CONFORMED NAME: GRUBER & MCBAINE CAPITAL MANAGEMENT/GRUBER JON D ET AL DATE OF NAME CHANGE: 19930720 SC 13G 1 rti13g.htm

SEC 1745

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. ___________)

Redwood Trust, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

758075402

(CUSIP Number)

June 28, 2001

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

[x ] Rule 13d-1(b)

[x ] Rule 13d-1(c)

[ ] Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).

Gruber & McBaine Capital Management, LLC

2. Check the Appropriate Box if a Member of a Group (See Instructions)

(a) __x___

(b) ______

3. SEC Use Only

4. Citizenship or Place of Organization California

Number of Shares Beneficially Owned by Each Reporting Person With	5. Sole Voting Power 0
	6. Shared Voting Power 345,400
	7. Sole Dispositive Power 0
	8. Shared Dispositive Power 345,400

9. Aggregate Amount Beneficially Owned by Each Reporting Person 345,400

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) ______

11. Percent of Class Represented by Amount in Row (9) 3.87%

12. Type of Reporting Person (See Instructions) IA and OO

________

1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).

Jon D. Gruber

2. Check the Appropriate Box if a Member of a Group (See Instructions)

(a) __x___

(b) ______

3. SEC Use Only

4. Citizenship or Place of Organization United States

Number of Shares Beneficially Owned by Each Reporting Person With	5. Sole Voting Power 71,700
	6. Shared Voting Power 345,400
	7. Sole Dispositive Power 71,700
	8. Shared Dispositive Power 345,400

9. Aggregate Amount Beneficially Owned by Each Reporting Person 417,100

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) ______

11. Percent of Class Represented by Amount in Row (9) 4.67%

12. Type of Reporting Person (See Instructions) IN

________

1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).

J. Patterson McBaine

2. Check the Appropriate Box if a Member of a Group (See Instructions)

(a) __x___

(b) ______

3. SEC Use Only

4. Citizenship or Place of Organization United States

Number of Shares Beneficially Owned by Each Reporting Person With	5. Sole Voting Power 0
	6. Shared Voting Power 345,400
	7. Sole Dispositive Power 0
	8. Shared Dispositive Power 345,400

9. Aggregate Amount Beneficially Owned by Each Reporting Person 345,400

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) ______

11. Percent of Class Represented by Amount in Row (9) 3.87%

12. Type of Reporting Person (See Instructions) IN

________

1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).

Thomas O. Lloyd-Butler

2. Check the Appropriate Box if a Member of a Group (See Instructions)

(a) __x___

(b) ______

3. SEC Use Only

4. Citizenship or Place of Organization United States

Number of Shares Beneficially Owned by Each Reporting Person With	5. Sole Voting Power 0
	6. Shared Voting Power 345,400
	7. Sole Dispositive Power 0
	8. Shared Dispositive Power 345,400

9. Aggregate Amount Beneficially Owned by Each Reporting Person 345,400

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) ______

11. Percent of Class Represented by Amount in Row (9) 3.87%

12. Type of Reporting Person (See Instructions) IN

________

1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).

Eric B. Swergold

2. Check the Appropriate Box if a Member of a Group (See Instructions)

(a) _x___

(b) ______

3. SEC Use Only

4. Citizenship or Place of Organization United States

Number of Shares Beneficially Owned by Each Reporting Person With	5. Sole Voting Power 1,800
	6. Shared Voting Power 345,400
	7. Sole Dispositive Power 1,800
	8. Shared Dispositive Power 345,400

9. Aggregate Amount Beneficially Owned by Each Reporting Person 347,200

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) ______

11. Percent of Class Represented by Amount in Row (9) 3.89%

12. Type of Reporting Person (See Instructions) IN

________

Item 1.

(a) Name of Issuer

Redwood Trust, Inc.

Address of Issuer's Principal Executive Offices

591 Redwood Highway, Suite 3100, Mill Valley, CA 94941

Item 2.

(a) The names of the persons filing this statement are:

Gruber & McBaine Capital Management, LLC ("GMCM")

Jon D. Gruber ("Gruber")

J. Patterson McBaine ("McBaine")

Thomas O. Lloyd-Butler ("Lloyd-Butler")

Eric B. Swergold ("Swergold")

(collectively, the "Filers").

(b) The principal business office of the Filers is located at:

50 Osgood Place, Penthouse

San Francisco, CA 94133

(d) This statement relates to shares of common stock of the Issuer (the "Stock").

(e) The CUSIP number of the Issuer is: _758075402_____________

Item 3. If this statement is filed pursuant to rule 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [x ] An investment adviser in accordance with section 240.13d-1(b)(1)(ii)(E). One of the filers, GMCM, is a registered investment adviser and is filing pursuant to Rule 240.13d-1(b).

(f) [ ] An employee benefit plan or endowment fund in accordance with section 240.13d-1(b)(1)(ii)(F).

(g) [ ] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G)

(h) [ ] A savings association as defined in section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).

(j) [ ] Group, in accordance with section 240.13d-1(b)(1)(ii)(J).

Item 4. Ownership.

See Items 5-9 and 11 of the cover page for each Filer.

Item 5. Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ x ].

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

Not applicable.

Item 8. Identification and Classification of Members of the Group.

See Item 2(a) of this Schedule.
Item 9. Notice of Dissolution of Group

Not applicable.

Item 10. Certification.
The following certification is included with respect to GMCM:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

The following certification is included with respect to Gruber, McBaine, Lloyd-Butler and Swergold:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: July 10, 2001

Gruber & McBaine Capital Management, LLC By: /s/ J. Patterson McBaine Print Name: J. Patterson McBaine Title: Manager
/s/ Jon D. Gruber Jon D. Gruber	/s/ J. Patterson McBaine J. Patterson McBaine
/s/ Thomas O. Lloyd-Butler Thomas O. Lloyd-Butler	/s/ Eric B. Swergold Eric B. Swergold

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