-----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, OKc8IuZ14Te8hs4drkswNsTMAGfqBCsaMKxB6HcvwWhsaV8ha1gBcTX0HENzZVOd JUmw5HdijLbus7rHYxIskQ== 0000940180-97-000679.txt : 19970807 0000940180-97-000679.hdr.sgml : 19970807 ACCESSION NUMBER: 0000940180-97-000679 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970806 SROS: NASD 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 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-45335 FILM NUMBER: 97652064 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: ZWEIG DIMENNA PARTNERS L P CENTRAL INDEX KEY: 0000740450 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 133185100 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 900 THIRD AVENUE STREET 2: 30TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2127559860 MAIL ADDRESS: STREET 1: 900 THIRD AVENUE STREET 2: 30TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D 1 SCHEDULE 13D --------------------------- OMB APPROVAL --------------------------- OMB number: 3235-0145 Expires: December 31, 1997 Estimated average burden hours per response... 14.90 --------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D 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) Stuart B. Panish c/o Zweig-DiMenna Associates LLC, 900 Third Avenue New York, New York 10022 (212) 451-1100 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) July 28, 1997 ------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box [_]. Check the following box if a fee is being paid with this statement [_]. (A fee is not required only if the filing person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7). Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. *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 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). SCHEDULE 13D CUSIP No. 758075402 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Zweig-DiMenna Special Opportunities, L.P. Zweig-DiMenna Partners, L.P. Zweig-DiMenna International Limited Zweig-DiMenna International Managers, Inc., on behalf of a discretionary account Gotham Advisors, Inc., on behalf of a discretionary account 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] 3 SEC USE ONLY 4 SOURCE OF FUNDS* WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 6 CITIZENSHIP OR PLACE OF ORGANIZATION Zweig-DiMenna Special Opportunities, L.P. - Delaware Zweig-DiMenna Partners, L.P. - New York Zweig-DiMenna International Limited - British Virgin Islands Zweig-DiMenna International Managers, Inc. - Delaware Gotham Advisors, Inc. - Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER Zweig-DiMenna Special Opportunities, L.P.-133,700 Zweig-DiMenna International Limited-479,700 Zweig-DiMenna International Managers, Inc., on behalf of a discretionary account-109,400 Zweig-DiMenna Partners, L.P.-215,800 Gotham Advisors, Inc., on behalf of a discretionary account-60,400 8 SHARED VOTING POWER 0 9 SOLE DISPOSITIVE POWER Zweig-DiMenna Special Opportunities, L.P.-133,700 Zweig-DiMenna International Limited-479,700 Zweig-DiMenna International Managers, Inc., on behalf of a discretionary account-109,400 Zweig-DiMenna Partners, L.P.-215,800 Gotham Advisors, Inc., on behalf of a discretionary account-60,400 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON Zweig-DiMenna Special Opportunities, L.P.-133,700 Zweig-DiMenna International Limited-479,700 Zweig-DiMenna International Managers, Inc., on behalf of a discretionary account-109,400 Zweig-DiMenna Partners, L.P.-215,800 Gotham Advisors, Inc., on behalf of a discretionary account-60,400 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 Total-6.7% Zweig-DiMenna Special Opportunities, L.P.-0.9% Zweig-DiMenna International Limited-3.2% Zweig-DiMenna International Managers, Inc., on behalf of a discretionary account-0.7% Zweig-DiMenna Partners, L.P.-1.5% Gotham Advisors, Inc., on behalf of a discretionary account-0.4% 14 TYPE OF REPORTING PERSON* Zweig-DiMenna Special Opportunities, L.P. - PN Zweig-DiMenna Partners, L.P. - PN Zweig-DiMenna International Limited - CO Zweig-DiMenna International Managers, Inc. - CO Gotham Advisors, Inc. - CO SCHEDULE 13D ITEM 1 SECURITY AND ISSUER Redwood Trust, Inc. 591 Redwood Highway, Suite 3100 Mill Valley, California 94941 Common Stock, par value $.01 per share. ITEM 2 IDENTITY AND BACKGROUND A. Zweig-DiMenna Special Opportunities, L.P. Zweig-DiMenna Special Opportunities, L.P., a Delaware limited partnership, is a private investment partnership which seeks appreciation of the Partnership's assets for the benefit of its partners. The address of its principal business and its principal office is 900 Third Avenue, New York, New York 10022. The following information is provided as to each general partner of Zweig-DiMenna Special Opportunities, L.P.: 1. Zweig-DiMenna Associates LLC, a New York limited liability company, is the managing general partner of Zweig-DiMenna Special Opportunities, L.P. Its principal business and office address is 900 Third Avenue, New York, New York 10022. Its managing directors are Martin E. Zweig and Joseph A. DiMenna, and its principals are Brenda M. Earl, Carol R. Whitehead and Jeffrey R. Perry. Dr. Zweig, Mr. DiMenna, Ms. Earl, Ms. Whitehead and Mr. Perry are the sole members of Zweig-DiMenna Associates LLC. The following information is provided as to each of the above mentioned managing directors and principals. i) a) Name - Martin E. Zweig. b) Residence or Business Address - 900 Third Avenue, New York, New York 10022. c) Present Principal Occupation, etc. - Dr. Zweig is Chairman of the Board and President of The Zweig Fund, Inc. and The Zweig Total Return Fund, Inc., each of which is a New York Stock Exchange listed investment company. He is also President of Zweig Advisors Inc., Zweig Total Return Advisors, Inc., Gotham Advisors, Inc., Zweig Associates, Inc., Zweig-DiMenna International Managers, Inc. and Zweig Securities Advisory Service, Inc. He is Chairman of Euclid Advisors LLC. He is President of the Zweig Series Trust mutual fund and Chairman of Zweig/Glaser Advisers, the investment manager of the Zweig Series Trust. Dr. Zweig is a Managing Director of the Managing General Partner of Zweig-DiMenna Partners, L.P. and Zweig- DiMenna Special Opportunities, L.P., each of which is an investment partnership. The business address of the principal entities referred to above is 900 Third Avenue, New York, New York 10022. d) Dr. Zweig is a citizen of the United States. ii) a) Name - Joseph A. DiMenna. b) Residence or Business Address - 900 Third Avenue, New York, New York 10022. c) Present Principal Occupation, etc. - Mr. DiMenna is a Managing Director of the Managing General Partner of Zweig-DiMenna Partners, L.P. and Zweig-DiMenna Special Opportunities, L.P., Executive Vice President and Treasurer of Zweig Associates, Inc., Executive Vice President of Zweig-DiMenna International Managers, Inc. and Vice President of Gotham Advisors, Inc. The business address of the principal entities referred to above is 900 Third Avenue, New York, New York 10022. d) Mr. DiMenna is a citizen of the United States. iii) a) Name - Brenda M. Earl. b) Residence or Business Address - 900 Third Avenue, New York, New York 10022. c) Present Principal Occupation, etc. - Ms. Earl is a Principal of the Managing General Partner of Zweig-DiMenna Partners, L.P. and Zweig-DiMenna Special Opportunities, L.P., Vice President - Research of Zweig Associates, Inc., and Vice President - Research of Zweig-DiMenna International Managers, Inc. The business address of the principal entities referred to above is 900 Third Avenue, New York, New York 10022. d) Ms. Earl is a citizen of the United States. iv) a) Name - Carol R. Whitehead. b) Residence or Business Address - 900 Third Avenue, New York, New York 10022. c) Present Principal Occupation, etc. - Ms. Whitehead is a Principal of the Managing General Partner of Zweig-DiMenna Partners, L.P. and Zweig-DiMenna Special Opportunities, L.P., Vice President - Marketing of Zweig Associates, Inc., and Vice President - Business Development of Zweig-DiMenna International Managers, Inc. The business address of the principal entities referred to above is 900 Third Avenue, New York, New York 10022. d) Ms. Whitehead is a citizen of the United States. v) a) Name - Jeffrey R. Perry. b) Residence or Business Address - 900 Third Avenue, New York, New York 10022. c) Present Principal Occupation, etc. - Mr. Perry is a Principal of the Managing General Partner of Zweig-DiMenna Partners, L.P. and Zweig-DiMenna Special Opportunities, L.P., Vice President - Research of Zweig Associates, Inc., and Vice President - Research of Zweig-DiMenna International Managers, Inc. The business address of the principal entities referred to above is 900 Third Avenue, New York, New York 10022. d) Mr. Perry is a citizen of the United States. 2. Zweig Associates, Inc., a New York corporation, is a general partner of Zweig-DiMenna Special Opportunities, L.P. Its principal business and office address is 900 Third Avenue, New York, New York 10022. Martin E. Zweig is President, Joseph A. DiMenna is Executive Vice President, Carol R. Whitehead is Vice President - Marketing and Brenda M. Earl and Jeffrey R. Perry is each a Vice President - Research of Zweig Associates, Inc. Martin E. Zweig, Joseph A. DiMenna and Carol Whitehead are the directors and shareholders of Zweig Associates, Inc. Reference is made to Item 2.A.1, above, for information about such individuals. None of the above, i.e., Zweig- DiMenna Special Opportunities, L.P., Zweig-DiMenna Associates LLC, Zweig Associates, Inc., Martin E. Zweig, Joseph A. DiMenna, Brenda M. Earl, Carol R. Whitehead or Jeffrey R. Perry has, during the last five years, (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws. B. Zweig-DiMenna International Limited Zweig-DiMenna International Limited is incorporated in the Territory of the British Virgin Islands. Its business is investing and trading primarily in U.S. equity securities. The address of its principal business and its principal office is Maritime House, Frederick Street, Suite 200, P.O. Box N-9932, Nassau, Bahamas. The following information is provided as to each executive officer and director of such corporation, each person controlling such corporation and each executive officer and director of any corporation or other person ultimately in control of such corporation: 1. a) Name - Cedric B. Moss, Managing Director. b) Residence or Business Address - c/o Dominion Management Services Limited, P.O. Box N-9932, Maritime House, Frederick Street, Nassau, Bahamas. c) Present Principal Occupation, etc. - Mr. Moss is President of Dominion Management Services Limited, the Administrator of Zweig-DiMenna International Limited. The business address of the entity referred to above is Dominion Management Services Limited, P.O. Box N-9932, Maritime House, Frederick Street, Nassau, Bahamas. d) Mr. Moss is a Bahamian citizen. 2. a) Name - Frederick A. Mitchell, Director. b) Residence or Business Address - P.O. Box N3928, Gwendolyn House, Nassau, Bahamas. c) Present Principal Occupation, etc. - Mr. Mitchell is a practicing attorney in the firm Gwendolyn House in Nassau. He is a Senator in the Senate of the Commonwealth of The Bahamas. d) Mr. Mitchell is a Bahamian citizen. 3. a) Name - Michael D. Riegels, Director. b) Residence or Business Address - Harney, Westwood & Riegels, Craigmuir Chambers, P.O. Box 71, Road Town, Tortola, British Virgin Islands. c) Present Principal Occupation, etc. - Mr. Riegels is the Senior Partner of the law firm of Harney, Westwood & Riegels. d) Mr. Riegels is a British Dependent Territories Citizen. 4. Zweig-DiMenna International Managers, Inc. - the Investment Manager of Zweig-DiMenna International Limited. It is incorporated under the laws of the State of Delaware. Its principal business address and the address of its principal office is 900 Third Avenue, New York, New York 10022. Dr. Martin E. Zweig and Mr. Joseph A. DiMenna are the directors and principal officers, and Ms. Carol R Whitehead is Vice President - Business Development, and Ms. Brenda M. Earl and Mr. Jeffrey R. Perry is each a Vice President - Research, of Zweig- DiMenna International Managers, Inc. Martin E. Zweig and Joseph A. DiMenna are the principal stockholders of Zweig-DiMenna International Managers, Inc. Reference is made to Item 2.A.1, above, for information about such individuals. None of the above, i.e., Zweig-DiMenna International Limited, Cedric B. Moss, Frederick A. Mitchell, Michael D. Riegels, or Zweig-DiMenna International Managers, Inc. has, during the last five years, (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws. C. Zweig-DiMenna Partners, L.P., a New York limited partnership, is a private investment partnership which seeks appreciation of the Partnership's assets for the benefit of its partners. The address of its principal business and its principal office is 900 Third Avenue, New York, New York 10022. The following information is provided as to each general partner of Zweig-DiMenna Partners, L.P.: 1. Zweig-DiMenna Associates LLC is the managing general partner of Zweig-DiMenna Partners, L.P. Reference is made to Item 2.A.1, above, for information about Zweig-DiMenna Associates LLC and its managing directors, principals and members. 2. Zweig Associates, Inc. is a general partner of Zweig-DiMenna Partners, L.P. Reference is made to Item 2.A.2, above, for information about Zweig Associates, Inc. and its directors, officers and shareholders. None of the above, i.e., Zweig-DiMenna Partners, L.P., Zweig-DiMenna Associates LLC, Zweig Associates, Inc., Martin E. Zweig, Joseph A. DiMenna, Brenda M. Earl, Carol R. Whitehead or Jeffrey R. Perry has, during the last five years, (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws. D. Zweig-DiMenna International Managers, Inc., investment manager for a foreign discretionary account. Reference is made to Item 2.B.4, above, for information about Zweig-DiMenna International Managers, Inc. and its officers, directors and stockholders. None of the above, i.e., Zweig-DiMenna International Mangers, Inc., Martin E. Zweig, Joseph A. DiMenna, Brenda M. Earl, Carol R. Whitehead or Jeffrey R. Perry has, during the last five years, (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws. E. Gotham Advisors, Inc., investment manager for an ERISA plan discretionary account. It is incorporated under the laws of the State of Delaware. Its principal business address and the address of its principal office is 900 Third Avenue, New York, New York 10022. Dr. Martin E. Zweig is the sole director, and Dr. Zweig and Mr. Joseph A. DiMenna are the principal officers, of Gotham Advisors, Inc. Dr. Zweig, Mr. DiMenna and Ms. Brenda M. Earl are the stockholders of Gotham Advisors, Inc. Reference is made to Item 2.A.1, above, for information about such individuals. None of the above, i.e., Gotham Advisors, Inc., Martin E. Zweig, Joseph A. DiMenna or Brenda M. Earl has, during the last five years, (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws. ITEM 3 SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATIONS The securities of Redwood Trust, Inc. were purchased at an aggregate cost of $44,369,283 with the investment capital of Zweig-DiMenna Special Opportunities, L.P., Zweig-DiMenna International Limited, Zweig-DiMenna Partners, L.P., the discretionary account managed by Zweig-DiMenna International Managers, Inc. (the "ZDIM Account") and the discretionary account managed by Gotham Advisors, Inc. (the "Gotham Account"). No part of the purchase price was made up of borrowed funds or funds otherwise obtained for the purpose of acquiring, holding, trading or voting such securities. ITEM 4 PURPOSE OF TRANSACTION Transactions for the purchase of shares of Common Stock (the "Shares") of Redwood Trust, Inc. (the "Company") were executed by Zweig-DiMenna Special Opportunities, L.P., Zweig-DiMenna International Limited, Zweig- DiMenna Partners, L.P., the ZDIM Account and the Gotham Account (the "Investors") for investment purposes only. The Investors continue to evaluate their ownership and voting position in the Company and may consider the following future courses of action: (i) continuing to hold the Shares for investment; (ii) disposing of all or a portion of the Shares in open market sales or in privately negotiated transactions; or (iii) acquiring additional shares of common stock in the open market or in privately negotiated transactions. The Investors have not as yet determined which of the courses of action specified in this paragraph they may ultimately take. The Investors' future actions with regard to this investment in the Company are dependent upon their evaluation of a variety of circumstances affecting the Company in the future, including the market price of the Company's common stock, the Company's prospects and their own portfolios. Other than as described above, the Investors do not have any present plans or proposals which relate to or would result in any of the following (although they reserve the right to develop such plans or proposals): a) the acquisition by any person of additional securities of the Company, or the disposition of securities of the Company; b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Company or any of its subsidiaries; c) a sale or transfer of a material amount of assets of the Company or any of its subsidiaries; d) any change in the present board of directors or management of the Company, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; e) any material change in the present capitalization or dividend policy of the Company; f) any other material change in the Company's business or corporate structure; g) changes in the Company's charter, by-laws or instruments corresponding thereto or other actions which may impede the acquisition or control of the Company by any person; h) causing a class of securities of the Company to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; i) a class of equity securities of the Company becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934; or j) any action similar to those enumerated above. ITEM 5 INTEREST IN SECURITIES OF THE ISSUER a. Aggregate number of shares beneficially owned: Zweig-DiMenna Special Opportunities, L.P. - 133,700 Zweig-DiMenna International Limited - 479,700 Zweig-DiMenna Partners, L.P. - 215,800 ZDIM Account - 109,400 Gotham Account - 60,400 Percent of class beneficially owned: Zweig-DiMenna Special Opportunities, L.P. - 0.9% Zweig-DiMenna International Limited - 3.2% Zweig-DiMenna Partners, L.P. - 1.5% ZDIM Account - 0.7% Gotham Account - 0.4% b. Number of shares as to which there is sole power to vote: Zweig-DiMenna Special Opportunities, L.P. - 133,700 Zweig-DiMenna International Limited - 479,700 Zweig-DiMenna Partners, L.P. - 215,800 ZDIM Account - 109,400 Gotham Account - 60,400 Number of shares as to which there is shared power to vote or to direct the vote: Zweig-DiMenna Special Opportunities, L.P. - 0 Zweig-DiMenna International Limited - 0 Zweig-DiMenna Partners, L.P. - 0 ZDIM Account - 0 Gotham Account - 0 Number of shares as to which there is sole power to dispose or to direct the disposition: Zweig-DiMenna Special Opportunities, L.P. - 133,700 Zweig-DiMenna International Limited - 479,700 Zweig-DiMenna Partners, L.P. - 215,800 ZDIM Account - 109,400 Gotham Account - 60,400 Number of shares as to which there is shared power to dispose or to direct the disposition: Zweig-DiMenna Special Opportunities, L.P. - 0 Zweig-DiMenna International Limited - 0 Zweig-DiMenna Partners, L.P. - 0 ZDIM Account - 0 Gotham Account - 0 c. Since May 29, 1997 Zweig-DiMenna Special Opportunities, L.P., Zweig- DiMenna International Limited, Zweig-DiMenna Partners, L.P., the ZDIM Account and the Gotham Account purchased, as indicated, the Shares on the open market on the following dates and at the following prices and in the following amounts: ZWEIG-DIMENNA SPECIAL OPPORTUNITIES, L.P. DATE DESCRIPTION OF PURCHASE 6/24/97 Purchased 5,300 shares at $47.3750 a share 6/27/97 Purchased 15,000 shares at $45.6250 a share 7/1/97 Purchased 5,000 shares at $45.50 a share 7/1/97 Purchased 5,000 shares at $46.00 a share 7/2/97 Purchased 12,000 shares at $45.6250 a share 7/25/97 Purchased 44,700 shares at $45.00 a share 7/28/97 Purchased 16,000 shares at $44.3333 a share 7/28/97 Purchased 5,300 shares at $44.8158 a share 7/28/97 Purchased 700 shares at $44.7825 a share 7/29/97 Purchased 3,300 shares at $44.2750 a share 7/30/97 Purchased 3,300 shares at $44.90 a share 7/31/97 Purchased 10,000 shares at $41.7008 a share 8/1/97 Purchased 2,700 shares at $42.00 a share 8/4/97 Purchased 5,400 shares at $41.6719 a share ZWEIG-DIMENNA INTERNATIONAL LIMITED DATE DESCRIPTION OF PURCHASE 6/11/97 Purchased 13,800 shares at $52.3750 a share 6/12/97 Purchased 11,100 shares at $52.6125 a share 6/13/97 Purchased 27,600 shares at $48.8825 a share 6/16/97 Purchased 24,600 shares at $46.6806 a share 6/19/97 Purchased 13,800 shares at $49.310 a share 6/23/97 Purchased 27,600 shares at $48.6250 a share 6/24/97 Purchased 19,200 shares at $47.375 a share 7/25/97 Purchased 31,800 shares at $45.00 a share 7/28/97 Purchased 57,800 shares at $44.3333 a share 7/28/97 Purchased 18,800 shares at $44.8158 a share 7/28/97 Purchased 2,400 shares at $44.7825 a share 7/29/97 Purchased 12,100 shares at $44.2750 a share 7/30/97 Purchased 12,100 shares at $44.90 a share 7/31/97 Purchased 36,200 shares at $41.7008 a share 8/1/97 Purchased 9,600 shares at $42.00 a share 8/4/97 Purchased 19,300 shares at $41.6719 a share ZWEIG-DIMENNA PARTNERS, L.P. DATE DESCRIPTION OF PURCHASE 6/11/97 Purchased 6,500 shares at $52.3750 a share 6/12/97 Purchased 5,200 shares at $52.6125 a share 6/13/97 Purchased 13,100 shares at $48.8825 a share 6/16/97 Purchased 11,400 shares at $46.6806 a share 6/19/97 Purchased 6,200 shares at $49.310 a share 6/23/97 Purchased 12,500 shares at $48.6250 a share 6/24/97 Purchased 8,700 shares at $47.375 a share 7/25/97 Purchased 17,300 shares at $45.00 a share 7/28/97 Purchased 25,900 shares at $44.3333 a share 7/28/97 Purchased 8,500 shares at $44.8158 a share 7/28/97 Purchased 1,100 shares at $44.7825 a share 7/29/97 Purchased 5,400 shares at $44.2750 a share 7/30/97 Purchased 5,400 shares at $44.90 a share 7/31/97 Purchased 16,100 shares at $41.7008 a share 8/1/97 Purchased 4,300 shares at $42.00 a share 8/4/97 Purchased 8,600 shares at $41.6719 a share ZDIM ACCOUNT DATE DESCRIPTION OF PURCHASE 6/11/97 Purchased 3,000 shares at $52.3750 a share 6/12/97 Purchased 2,400 shares at $52.6125 a share 6/13/97 Purchased 6,000 shares at $48.8825 a share 6/16/97 Purchased 5,800 shares at $46.6806 a share 6/19/97 Purchased 3,200 shares at $49.310 a share 6/23/97 Purchased 6,400 shares at $48.6250 a share 6/24/97 Purchased 4,400 shares at $47.375 a share 7/25/97 Purchased 8,800 shares at $45.00 a share 7/28/97 Purchased 13,100 shares at $44.3333 a share 7/28/97 Purchased 4,300 shares at $44.8158 a share 7/28/97 Purchased 500 shares at $44.7825 a share 7/29/97 Purchased 2,700 shares at $44.2750 a share 7/30/97 Purchased 2,700 shares at $44.90 a share 7/31/97 Purchased 8,200 shares at $41.7008 a share 8/1/97 Purchased 2,200 shares at $42.00 a share 8/4/97 Purchased 4,300 shares at $41.6719 a share GOTHAM ACCOUNT DATE DESCRIPTION OF PURCHASE 6/11/97 Purchased 1,700 shares at $52.3750 a share 6/12/97 Purchased 1,300 shares at $52.6125 a share 6/13/97 Purchased 3,300 shares at $48.8825 a share 6/16/97 Purchased 3,200 shares at $46.6806 a share 6/19/97 Purchased 1,800 shares at $49.310 a share 6/23/97 Purchased 3,500 shares at $48.6250 a share 6/24/97 Purchased 2,400 shares at $47.375 a share 7/25/97 Purchased 5,100 shares at $45.00 a share 7/28/97 Purchased 7,200 shares at $44.3333 a share 7/28/97 Purchased 2,400 shares at $44.8158 a share 7/28/97 Purchased 300 shares at $44.7825 a share 7/29/97 Purchased 1,500 shares at $44.2750 a share 7/30/97 Purchased 1,500 shares at $44.90 a share 7/31/97 Purchased 4,500 shares at $41.7008 a share 8/1/97 Purchased 2,200 shares at $42.00 a share 8/4/97 Purchased 2,400 shares at $41.6719 a share d. Not applicable. e. Not applicable. ITEM 6 CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER None. ITEM 7 MATERIAL TO BE FILED AS EXHIBITS Exhibit A - Joint Filing Agreement among Zweig-DiMenna Special Opportunities, L.P., Zweig-DiMenna International Limited, Zweig-DiMenna Partners, L.P., Zweig-DiMenna International Managers, Inc. and Gotham Advisors, Inc. 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. Date: August 5, 1997 ZWEIG-DiMENNA INTERNATIONAL LIMITED By: Zweig-DiMenna International Managers, Inc., Investment Manager By: /s/ Joseph A. DiMenna ------------------------------ Name: Joseph A. DiMenna Title: Executive Vice President ZWEIG-DiMENNA PARTNERS, L.P. By: Zweig-DiMenna Associates LLC, Managing General Partner By: /s/ Joseph A. DiMenna ------------------------------ Name: Joseph A. DiMenna Title: Managing Director of Managing General Partner ZWEIG-DiMENNA SPECIAL OPPORTUNITIES, L.P. By: Zweig-DiMenna Associates LLC, Managing General Partner By: /s/ Joseph A. DiMenna ------------------------------ Name: Joseph A. DiMenna Title: Managing Director of Managing General Partner ZWEIG-DiMENNA INTERNATIONAL MANAGERS, INC. By: /s/ Joseph A. DiMenna ------------------------------ Name: Joseph A. DiMenna Title: Executive Vice President GOTHAM ADVISORS, INC. By: /s/ Joseph A. DiMenna ------------------------------ Name: Joseph A. DiMenna Title: Vice President EXHIBIT A JOINT FILING AGREEMENT AMONG INVESTORS This Joint Filing Agreement is entered into this fifth day of August, 1997 by Zweig-DiMenna International Limited, a British Virgin Islands corporation, Zweig-DiMenna Partners, L.P., a New York limited partnership, Zweig-DiMenna Special Opportunities, L.P., a Delaware limited partnership, Zweig-DiMenna International Managers, Inc., a Delaware corporation, and Gotham Advisors, Inc., a Delaware corporation, collectively the "Investors". In lieu of filing separate statements on Schedule 13D, the Investors hereby agree to file a joint statement on Schedule 13D pursuant to Rule 13d-1(f)(1) under the Exchange Act of 1934 with respect to the Common Stock of Redwood Trust, Inc. This Agreement shall be filed as an exhibit to the statement on Schedule 13D filed on behalf of the Investors and constitutes the Investors' consent to file a joint Schedule 13D. ZWEIG-DiMENNA INTERNATIONAL LIMITED By: Zweig-DiMenna International Managers, Inc., Investment Manager By: /s/ Joseph A. DiMenna ------------------------------ Name: Joseph A. DiMenna Title: Executive Vice President ZWEIG-DiMENNA PARTNERS, L.P. By: Zweig-DiMenna Associates LLC, Managing General Partner By: /s/ Joseph A. DiMenna ------------------------------ Name: Joseph A. DiMenna Title: Managing Director of Managing General Partner ZWEIG-DiMENNA SPECIAL OPPORTUNITIES, L.P. By: Zweig-DiMenna Associates LLC, Managing General Partner By: /s/ Joseph A. DiMenna ------------------------------ Name: Joseph A. DiMenna Title: Managing Director of Managing General Partner ZWEIG-DiMENNA INTERNATIONAL MANAGERS, INC. By: /s/ Joseph A. DiMenna ------------------------------ Name: Joseph A. DiMenna Title: Executive Vice President GOTHAM ADVISORS, INC. By: /s/ Joseph A. DiMenna ------------------------------ Name: Joseph A. DiMenna Title: Vice President -----END PRIVACY-ENHANCED MESSAGE-----