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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 3)*
Redwood Trust, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
758075402
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(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)
September 15, 1997
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(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).
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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.-13,800
Zweig-DiMenna International Limited-487,500
Zweig-DiMenna International Managers, Inc., on behalf of a discretionary
account-107,600
Zweig-DiMenna Partners, L.P.-21,900
Gotham Advisors, Inc., on behalf of a discretionary account-60,700
8 SHARED VOTING POWER
0
9 SOLE DISPOSITIVE POWER
Zweig-DiMenna Special Opportunities, L.P.-13,800
Zweig-DiMenna International Limited-487,500
Zweig-DiMenna International Managers, Inc., on behalf of a discretionary
account-107,600
Zweig-DiMenna Partners, L.P.-21,900
Gotham Advisors, Inc., on behalf of a discretionary account-60,700
10 SHARED DISPOSITIVE POWER
0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Zweig-DiMenna Special Opportunities, L.P.-13,800
Zweig-DiMenna International Limited-487,500
Zweig-DiMenna International Managers, Inc., on behalf of a discretionary
account-107,600
Zweig-DiMenna Partners, L.P.-21,900
Gotham Advisors, Inc., on behalf of a discretionary account-60,700
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
Total-4.7%
Zweig-DiMenna Special Opportunities, L.P.-0.1%
Zweig-DiMenna International Limited-3.3%
Zweig-DiMenna International Managers, Inc., on behalf of a discretionary
account-0.7%
Zweig-DiMenna Partners, L.P.-0.2%
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
<PAGE>
SCHEDULE 13D - AMENDMENT NO. 3
Zweig-DiMenna Special Opportunities, L.P., Zweig-DiMenna International
Limited, Zweig-DiMenna Partners, L.P., Zweig-DiMenna International Managers,
Inc. and Gotham Advisors, Inc. hereby amend the Schedule 13D, filed with respect
to shares of common stock, par value $.01 per share ("Shares") of Redwood Trust,
Inc.
ITEM 3 SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATIONS
The first sentence of Item 3 is amended to read as follows:
"The securities of Redwood Trust, Inc. were purchased at an aggregate cost
of $28,354,600 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")."
ITEM 5 INTEREST IN SECURITIES OF THE ISSUER
The answer to Item 5 is amended to read as follows:
a. Aggregate number of shares beneficially owned:
Zweig-DiMenna Special Opportunities, L.P. - 13,800
Zweig-DiMenna International Limited - 487,500
Zweig-DiMenna Partners, L.P. - 21,900
ZDIM Account - 107,600
Gotham Account - 60,700
Percent of class beneficially owned:
Zweig-DiMenna Special Opportunities, L.P. - 0.1%
Zweig-DiMenna International Limited - 3.3%
Zweig-DiMenna Partners, L.P. - 0.2%
ZDIM Account - 0.7%
<PAGE>
Gotham Account - 0.4%
b. Number of shares as to which there is sole power to vote:
Zweig-DiMenna Special Opportunities, L.P. - 13,800
Zweig-DiMenna International Limited - 487,500
Zweig-DiMenna Partners, L.P. - 21,900
ZDIM Account - 107,600
Gotham Account - 60,700
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. - 13,800
Zweig-DiMenna International Limited - 487,500
Zweig-DiMenna Partners, L.P. - 21,900
ZDIM Account - 107,600
Gotham Account - 60,700
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
<PAGE>
Zweig-DiMenna Partners, L.P. - 0
ZDIM Account - 0
Gotham Account - 0
c. Since September 12, 1997, the date of our last 13D filing for Redwood
Trust, Inc., Zweig-DiMenna Special Opportunities, L.P., Zweig-DiMenna
International Limited, Zweig-DiMenna Partners, L.P., the ZDIM Account
and the Gotham Account sold 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 SALE
9/12/97 Sold 28,900 shares at $30.8750 a share
9/12/97 Sold 9,600 shares at $30.875 a share
9/15/97 Sold 1,000 shares at $31.8250 a share
ZWEIG-DIMENNA INTERNATIONAL LIMITED
DATE DESCRIPTION OF SALE
9/15/97 Sold 35,200 shares at $31.8250 a share
ZWEIG-DIMENNA PARTNERS, L.P.
DATE DESCRIPTION OF SALE
9/12/97 Sold 46,100 shares at $30.8750 a share
9/12/97 Sold 15,400 shares at $30.875 a share
9/15/97 Sold 1,600 shares at $31.8250 a share
ZDIM ACCOUNT
DATE DESCRIPTION OF SALE
9/15/97 Sold 7,800 shares at $31.8250 a share
<PAGE>
GOTHAM ACCOUNT
DATE DESCRIPTION OF SALE
9/15/97 Sold 4,400 shares at $31.8250 a share
d. Not Applicable
e. The Investors ceased to be the beneficial owner of more than 5% of the
shares of the Company on September 15, 1997.
<PAGE>
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: September 16, 1997
ZWEIG-DiMENNA SPECIAL OPPORTUNITIES, L.P.
By: Zweig-DiMenna Associates LLC,
Managing General Partner
By: /s/ Joseph A. DiMenna
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Name: Joseph A. DiMenna
Title: A Managing Director of the Managing
General Partner
ZWEIG-DiMENNA INTERNATIONAL LIMITED
By: Zweig-DiMenna International Managers, Inc.,
Investment Manager
By: /s/ Joseph A. DiMenna
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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
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Name: Joseph A. DiMenna
Title: A Managing Director of the 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
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Name: Joseph A. DiMenna
Title: Vice President
