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SEC 1745 |
Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 |
OMB APPROVAL OMB Number: 3235-0145 Expires: October 31, 2002 Estimated average burden hours per response . . . .14.9 |
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
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Number of Shares Beneficially Owned by Each Reporting Person With |
5. Sole Voting Power 0 |
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6. Shared Voting Power 345,400 |
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7. Sole Dispositive Power 0 |
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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
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Number of Shares Beneficially Owned by Each Reporting Person With |
5. Sole Voting Power 71,700 |
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6. Shared Voting Power 345,400 |
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7. Sole Dispositive Power 71,700 |
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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
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Number of Shares Beneficially Owned by Each Reporting Person With |
5. Sole Voting Power 0 |
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6. Shared Voting Power 345,400 |
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7. Sole Dispositive Power 0 |
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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
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Number of Shares Beneficially Owned by Each Reporting Person With |
5. Sole Voting Power 0 |
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6. Shared Voting Power 345,400 |
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7. Sole Dispositive Power 0 |
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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
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Number of Shares Beneficially Owned by Each Reporting Person With |
5. Sole Voting Power 1,800 |
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6. Shared Voting Power 345,400 |
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7. Sole Dispositive Power 1,800 |
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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.
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
(c) For citizenship of Filers, see Item 4 of the cover sheet for each Filer.
(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).
(c) [ ] Insurance company as defined in section 3(a)(19) 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
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Gruber & McBaine Capital Management, LLC
By: /s/ J. Patterson McBaine Print Name: J. Patterson McBaine Title: Manager |
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/s/ Jon D. Gruber Jon D. Gruber |
/s/ J. Patterson McBaine J. Patterson McBaine |
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/s/ Thomas O. Lloyd-Butler Thomas O. Lloyd-Butler |
/s/ Eric B. Swergold Eric B. Swergold |