REDWOOD TRUST INC — Director's Dealing 2012

Jul 2, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: REDWOOD TRUST INC (RWT)
CIK: 0000930236
Period of Report: 2012-06-29

Reporting Person: BULL GEORGE (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-06-29	Deferred Stock Units	$12.43	A	122.55	Acquired		Common Stock (122.55)	Direct

Footnotes

F1: This transaction relates to the acquisition of Deferred Stock Units in accordance with the deferral election made according to the terms and conditions of the Redwood Trust Inc. Executive Deferred Compensation Plan.

F2: 100% vested at grant.

F3: No expiration date is applicable to deferred stock units.