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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">__________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Section&nbsp;13 OR 15(d)
of The Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Date of Report (Date of earliest event
reported):&nbsp;&nbsp;May 17, 2012</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>__________________&nbsp;&nbsp;</B>&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 24pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REDWOOD TRUST, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in
its charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR>
    <TD STYLE="width: 32%; vertical-align: top; text-autospace: none; font-weight: bold; text-align: center">Maryland</TD>
    <TD STYLE="width: 2%; vertical-align: bottom; text-autospace: none">&nbsp;</TD>
    <TD STYLE="width: 32%; vertical-align: top; text-autospace: none; font-weight: bold; text-align: center">001-13759</TD>
    <TD STYLE="width: 2%; vertical-align: bottom; text-autospace: none">&nbsp;</TD>
    <TD STYLE="width: 32%; vertical-align: top; text-autospace: none; font-weight: bold; text-align: center">68-0329422</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(State or other</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">jurisdiction of</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">incorporation)</P></TD>
    <TD STYLE="vertical-align: bottom; text-autospace: none">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-autospace: none; text-align: center">(Commission File Number)</TD>
    <TD STYLE="vertical-align: bottom; text-autospace: none">&nbsp;</TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(I.R.S. Employer</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Identification No.)</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>One Belvedere Place</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Suite&nbsp;300</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Mill Valley, California 94941</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of principal executive offices
and Zip Code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(415)&nbsp;389-7373</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Registrant&rsquo;s telephone number, including
area code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Not Applicable</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Former name or former address, if changed
since last report)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">__________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%; text-autospace: none; font-family: Wingdings">o</TD>
    <TD STYLE="width: 97%; text-autospace: none">Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none; font-family: Wingdings">o</TD>
    <TD STYLE="text-autospace: none">Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none; font-family: Wingdings">o</TD>
    <TD STYLE="text-autospace: none">Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none; font-family: Wingdings">o</TD>
    <TD STYLE="text-autospace: none">Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 5.02.&nbsp;&nbsp;Compensatory Arrangements of Certain
Officers</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(e) &#9;Redwood Trust, Inc. (the &ldquo;Company&rdquo;)
held&nbsp;its 2012&nbsp;Annual Meeting of Stockholders on May 17, 2012 (the &ldquo;Annual Meeting&rdquo;). During the Annual Meeting,
stockholders voted to approve an amendment to the 2002 Redwood Trust, Inc. Incentive Plan (the &ldquo;Incentive Plan&rdquo;).&nbsp;&nbsp;The
only material difference between the existing Incentive Plan and the amended Incentive Plan is the number of shares available for
issuance under the Incentive Plan. The amendment to the Incentive Plan increased by 800,000 shares the number of shares available
for issuance under the Plan.&nbsp;&nbsp;A copy of the amended Incentive Plan is attached hereto as Exhibit 10.1.&nbsp;&nbsp;This
amendment was previously approved by the Company&rsquo;s Board of Directors.&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In addition, during the Annual Meeting,
stockholders voted to approve an amendment to the 2002 Redwood Trust, Inc. Employee Stock Purchase Plan (the &ldquo;ESPP&rdquo;)
to increase by 100,000 shares the number of shares of common stock available for purchase under the ESPP. A copy of the amended
ESPP is attached hereto as Exhibit 10.2.&nbsp;&nbsp;This amendment was previously approved by the Company&rsquo;s Board of Directors.&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On May 17, 2012, the Company and
Martin S. Hughes entered into an amendment to Mr. Hughes&rsquo; employment agreement. The amendment reflects a previously
disclosed change to Mr. Hughes&rsquo; title and a previously disclosed increase to Mr. Hughes&rsquo; target annual bonus
percentage. A copy of the amendment is attached hereto as Exhibit 10.3.&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On May 17, 2012, the Company and Brett
D. Nicholas entered into an amendment to Mr. Nicholas&rsquo; employment agreement. The amendment reflects a previously
disclosed change to Mr. Nicholas&rsquo; title and a previously disclosed increase to Mr. Nicholas&rsquo; target annual bonus
percentage. A copy of the amendment is attached hereto as Exhibit 10.4.&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On May 17, 2012, the Company and Harold
F. Zagunis entered into an amendment to Mr. Zagunis&rsquo; employment agreement. The amendment reflects a change to Mr. Zagunis&rsquo;
title. A copy of the amendment is attached hereto as Exhibit 10.5.&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 5.03 Amendments to Articles of Incorporation or Bylaws</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#9;As noted above in Item 5.02, the
Company held its Annual Meeting on May 17, 2012. At the Annual Meeting, stockholders approved two amendments to the Company&rsquo;s
Charter.&nbsp;&nbsp;These amendments were previously approved by the Company&rsquo;s Board of Directors. A brief description of
each of these amendments is set forth below and a description of each of these amendments was included in the Company&rsquo;s 2012
annual proxy statement, which was filed with the SEC on April 3, 2012.&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">The first sentence of Section A of Article VI of the Charter was amended
to increase the number of shares of capital stock authorized for issuance from 125,000,000 to 165,000,000.&nbsp;&nbsp;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Article VII of the Charter was amended to eliminate the classification
of the Company&rsquo;s Board of Directors over a three-year period. As a result, beginning with the Company&rsquo;s 2013 annual
meeting of stockholders, as each class&rsquo;s term expires, the successors to the directors in that class would be elected to
serve until the next annual meeting of stockholders and until their respective successors are duly elected and qualify. Accordingly,
at the Company&rsquo;s 2015 annual meeting of stockholders, the transition to a declassified Board of Directors will be complete
and at the annual meetings of stockholders held in 2015 and thereafter, the entire Board of Directors will be elected to serve
until the next annual meeting of stockholders and until their respective successors are duly elected and qualify. </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">A copy of the Articles of Amendment to
the Charter is attached hereto as Exhibit 3.1.&nbsp;&nbsp;The Articles of Amendment to the Charter became effective upon filing
with the State of Maryland Department of Assessments and Taxation, which occurred on May 18, 2012.&nbsp;&nbsp;The foregoing
description of the amendments to the Company&rsquo;s Charter is qualified in its entirety by reference to the full text of the
Articles of Amendment, which is filed as Exhibit 3.1 hereto and is incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">At the Annual Meeting, stockholders approved
an amendment to the Company&rsquo;s Bylaws. A brief description of the amendment is set forth below and a description of the amendment
was included in the Company&rsquo;s 2012 annual proxy statement, which was filed with the SEC on April 3, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Section 7 of Article II of the Bylaws was amended to adopt a majority
voting provision for uncontested director elections. &nbsp;&nbsp;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">A copy of the amendment to the Bylaws is
attached hereto as Exhibit 3.2.&nbsp;&nbsp;The amendment to the Bylaws became effective on May 17, 2012 following approval by the
Company&rsquo;s stockholders. The foregoing description of the amendment to the Company&rsquo;s Bylaws is qualified in its entirety
by reference to the full text of amendment to the Bylaws, which is filed as Exhibit 3.2 hereto and is incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 5.07.&nbsp;&nbsp;Submission of Matters to a Vote of
Security Holders</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">As noted above in Item 5.02 and 5.03, the
Company held its Annual Meeting on May 17, 2012. There were 78,756,319 shares of Company common stock entitled to vote at the
Annual Meeting.&nbsp;&nbsp;There were eight items voted upon at the Annual Meeting, with the voting results for each item set
forth below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Item 1</U>.&nbsp;&nbsp;During the Annual
Meeting, stockholders voted to elect George E. Bull, III and Georganne C. Proctor as Class III directors to serve on the Board
of Directors until the annual meeting of stockholders in 2015 and until their successors are duly elected and qualify.&nbsp;&nbsp;The
stockholders&rsquo; votes with respect to the election of directors were as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 96%">
<TR>
    <TD STYLE="border-bottom: black 1.5pt solid; vertical-align: bottom; text-autospace: none; font-weight: bold">Nominee</TD>
    <TD STYLE="vertical-align: top; padding-bottom: 1.5pt; text-autospace: none">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1.5pt solid; vertical-align: bottom; text-autospace: none; font-weight: bold; text-align: center">For</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 1.5pt; text-autospace: none">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1.5pt solid; vertical-align: bottom; text-autospace: none; font-weight: bold; text-align: center">Withheld</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 1.5pt; text-autospace: none">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1.5pt solid; vertical-align: bottom; text-autospace: none; font-weight: bold; text-align: center">Broker Non-Votes</TD></TR>
<TR STYLE="background-color: #CCFFCC">
    <TD STYLE="width: 37%; vertical-align: bottom; text-autospace: none">George E. Bull, III</TD>
    <TD STYLE="width: 1%; vertical-align: top; text-autospace: none">&nbsp;</TD>
    <TD STYLE="width: 1%; vertical-align: top; text-autospace: none">&nbsp;</TD>
    <TD STYLE="width: 18%; vertical-align: top; text-autospace: none; text-align: center">61,192,195</TD>
    <TD STYLE="width: 1%; vertical-align: top; text-autospace: none">&nbsp;</TD>
    <TD STYLE="width: 1%; vertical-align: bottom; text-autospace: none">&nbsp;</TD>
    <TD STYLE="width: 18%; vertical-align: bottom; text-autospace: none; text-align: center">1,167,945</TD>
    <TD STYLE="width: 1%; vertical-align: bottom; text-autospace: none">&nbsp;</TD>
    <TD STYLE="width: 18%; vertical-align: bottom; text-autospace: none; text-align: center">12,189,393</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; text-autospace: none">Georganne C. Proctor</TD>
    <TD STYLE="vertical-align: top; text-autospace: none">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-autospace: none">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-autospace: none; text-align: center">60,530,294</TD>
    <TD STYLE="vertical-align: top; text-autospace: none">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-autospace: none">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-autospace: none; text-align: center">1,829,846</TD>
    <TD STYLE="vertical-align: bottom; text-autospace: none">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-autospace: none; text-align: center">12,189,393</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Item 2</U>.&nbsp;&nbsp;During the Annual
Meeting, stockholders voted to ratify the appointment of Grant Thornton LLP as the Company&rsquo;s independent registered public
accounting firm for 2012. The stockholders&rsquo; votes with respect to the ratification of Grant Thornton LLP as the Company&rsquo;s
independent registered public accounting firm were as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 80%">
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1.5pt solid; text-autospace: none; font-weight: bold; text-align: center">For</TD>
    <TD STYLE="padding-bottom: 1.5pt; text-autospace: none">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1.5pt solid; text-autospace: none; font-weight: bold; text-align: center">Against</TD>
    <TD STYLE="padding-bottom: 1.5pt; text-autospace: none">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1.5pt solid; text-autospace: none; font-weight: bold; text-align: center">Abstentions</TD>
    <TD STYLE="padding-bottom: 1.5pt; text-autospace: none">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; text-autospace: none; font-weight: bold; text-align: center">Broker Non-Votes</TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCFFCC">
    <TD STYLE="text-autospace: none; text-align: center; width: 18%">74,226,009</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; text-align: center; width: 18%">187,279</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; text-align: center; width: 18%">136,245</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; text-align: center; width: 18%">&mdash;&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Item 3</U>.&nbsp;&nbsp;During the Annual
Meeting, stockholders voted on an advisory resolution to approve named executive officer compensation as disclosed in the annual
proxy statement for the Annual Meeting. The stockholders&rsquo; votes with respect to approval of this advisory resolution were
as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 80%">
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1.5pt solid; text-autospace: none; font-weight: bold; text-align: center">For</TD>
    <TD STYLE="padding-bottom: 1.5pt; text-autospace: none">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1.5pt solid; text-autospace: none; font-weight: bold; text-align: center">Against</TD>
    <TD STYLE="padding-bottom: 1.5pt; text-autospace: none">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1.5pt solid; text-autospace: none; font-weight: bold; text-align: center">Abstentions</TD>
    <TD STYLE="padding-bottom: 1.5pt; text-autospace: none">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; text-autospace: none; font-weight: bold; text-align: center">Broker Non-Votes</TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCFFCC">
    <TD STYLE="text-autospace: none; text-align: center; width: 18%">56,981,772</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; text-align: center; width: 18%">5,188,995</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; text-align: center; width: 18%">189,373</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; text-align: center; width: 18%">12,189,393</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;<U>Item 4</U>.&nbsp;&nbsp;As noted
in Item 5.03 above, during the Annual Meeting, stockholders voted to approve an amendment to the Company&rsquo;s Charter to increase
the number of shares of capital stock authorized for issuance from 125,000,000 to 165,000,000.&nbsp;&nbsp;The stockholders&rsquo;
votes with respect to this amendment of the Company&rsquo;s Charter were as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 80%">
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1.5pt solid; text-autospace: none; font-weight: bold; text-align: center">For</TD>
    <TD STYLE="padding-bottom: 1.5pt; text-autospace: none">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1.5pt solid; text-autospace: none; font-weight: bold; text-align: center">Against</TD>
    <TD STYLE="padding-bottom: 1.5pt; text-autospace: none">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1.5pt solid; text-autospace: none; font-weight: bold; text-align: center">Abstentions</TD>
    <TD STYLE="padding-bottom: 1.5pt; text-autospace: none">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; text-autospace: none; font-weight: bold; text-align: center">Broker Non-Votes</TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCFFCC">
    <TD STYLE="text-autospace: none; text-align: center; width: 18%">60,437,913</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; text-align: center; width: 18%">1,832,589</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; text-align: center; width: 18%">89,638</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; text-align: center; width: 18%">12,189,393&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 3; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt"><TR><TD STYLE="text-align: center; width: 100%">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence -->-</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Item 5</U>. As noted in Item 5.02 above,
during the Annual Meeting, stockholders voted to approve an amendment to the Company&rsquo;s Incentive Plan to increase by 800,000
shares the number of shares of common stock authorized for issuance under the Incentive Plan.&nbsp;&nbsp;The stockholders&rsquo;
votes with respect to the amendment to the Incentive Plan were as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 80%">
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1.5pt solid; text-autospace: none; font-weight: bold; text-align: center">For</TD>
    <TD STYLE="padding-bottom: 1.5pt; text-autospace: none">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1.5pt solid; text-autospace: none; font-weight: bold; text-align: center">Against</TD>
    <TD STYLE="padding-bottom: 1.5pt; text-autospace: none">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1.5pt solid; text-autospace: none; font-weight: bold; text-align: center">Abstentions</TD>
    <TD STYLE="padding-bottom: 1.5pt; text-autospace: none">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; text-autospace: none; font-weight: bold; text-align: center">Broker Non-Votes</TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCFFCC">
    <TD STYLE="text-autospace: none; text-align: center; width: 18%">55,326,485</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; text-align: center; width: 18%">6,870,271</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; text-align: center; width: 18%">163,384</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; text-align: center; width: 18%">12,189,393&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><U>Item 6</U>.&nbsp;&nbsp;As noted in Item
5.02 above, during the Annual Meeting, stockholders voted to approve an amendment to the Company&rsquo;s ESPP to increase by 100,000
shares the number of shares of common stock available for purchase under the ESPP.&nbsp;&nbsp;The stockholders&rsquo; votes with
respect to the amendment to the ESPP were as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 80%">
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1.5pt solid; text-autospace: none; font-weight: bold; text-align: center">For</TD>
    <TD STYLE="padding-bottom: 1.5pt; text-autospace: none">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1.5pt solid; text-autospace: none; font-weight: bold; text-align: center">Against</TD>
    <TD STYLE="padding-bottom: 1.5pt; text-autospace: none">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1.5pt solid; text-autospace: none; font-weight: bold; text-align: center">Abstentions</TD>
    <TD STYLE="padding-bottom: 1.5pt; text-autospace: none">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; text-autospace: none; font-weight: bold; text-align: center">Broker Non-Votes</TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCFFCC">
    <TD STYLE="text-autospace: none; text-align: center; width: 18%">61,062,279</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; text-align: center; width: 18%">1,193,519</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; text-align: center; width: 18%">104,342</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; text-align: center; width: 18%">12,189,393&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;<U>Item 7</U>.&nbsp;&nbsp;As noted
in Item 5.03 above, during the Annual Meeting, stockholders voted to approve an amendment to the Company&rsquo;s Charter to eliminate
the classification of the Company&rsquo;s Board of Directors over a three-year period. The stockholders&rsquo; votes with respect
to this amendment of the Company&rsquo;s Charter were as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 80%">
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1.5pt solid; text-autospace: none; font-weight: bold; text-align: center">For</TD>
    <TD STYLE="padding-bottom: 1.5pt; text-autospace: none">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1.5pt solid; text-autospace: none; font-weight: bold; text-align: center">Against</TD>
    <TD STYLE="padding-bottom: 1.5pt; text-autospace: none">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1.5pt solid; text-autospace: none; font-weight: bold; text-align: center">Abstentions</TD>
    <TD STYLE="padding-bottom: 1.5pt; text-autospace: none">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; text-autospace: none; font-weight: bold; text-align: center">Broker Non-Votes</TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCFFCC">
    <TD STYLE="text-autospace: none; text-align: center; width: 18%">61,479,802</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; text-align: center; width: 18%">713,719</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; text-align: center; width: 18%">166,619</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; text-align: center; width: 18%">12,189,393&nbsp;&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;<U>Item 8</U>.&nbsp;&nbsp;As noted
in Item 5.03 above, during the Annual Meeting, stockholders voted to approve an amendment to the Company&rsquo;s Bylaws to adopt
a majority voting provision for uncontested director elections. The stockholders&rsquo; votes with respect to this amendment of
the Company&rsquo;s Bylaws were as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 80%">
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1.5pt solid; text-autospace: none; font-weight: bold; text-align: center">For</TD>
    <TD STYLE="padding-bottom: 1.5pt; text-autospace: none">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1.5pt solid; text-autospace: none; font-weight: bold; text-align: center">Against</TD>
    <TD STYLE="padding-bottom: 1.5pt; text-autospace: none">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1.5pt solid; text-autospace: none; font-weight: bold; text-align: center">Abstentions</TD>
    <TD STYLE="padding-bottom: 1.5pt; text-autospace: none">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; text-autospace: none; font-weight: bold; text-align: center">Broker Non-Votes</TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCFFCC">
    <TD STYLE="text-autospace: none; text-align: center; width: 18%">51,109,131</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; text-align: center; width: 18%">2,647,349</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; text-align: center; width: 18%">6,422,675</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; width: 1%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; text-align: center; width: 18%">14,370,378</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item&nbsp;9.01. Financial Statements and Exhibits.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%; text-autospace: none">&nbsp;</TD>
    <TD STYLE="width: 3%; text-autospace: none">(d)</TD>
    <TD STYLE="width: 94%; text-autospace: none">Exhibits</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none; width: 3%">&nbsp;</TD>
    <TD STYLE="text-autospace: none; width: 15%">Exhibit 3.1</TD>
    <TD STYLE="text-autospace: none; width: 82%">Articles of Amendment</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">Exhibit 3.2</TD>
    <TD STYLE="text-autospace: none">First Amendment to Amended and Restated Bylaws, as adopted on May 17, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">Exhibit 10.1</TD>
    <TD STYLE="text-autospace: none">2002 Redwood Trust, Inc. Incentive Plan, as amended through May 17, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">Exhibit 10.2</TD>
    <TD STYLE="text-autospace: none">2002 Redwood Trust, Inc. Employee Stock Purchase Plan, as amended through May 17, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">Exhibit 10.3</TD>
    <TD STYLE="text-autospace: none">Third Amendment to Amended and Restated Employment Agreement, by and between Redwood Trust, Inc. and Martin S. Hughes, dated as of May 17, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">Exhibit 10.4</TD>
    <TD STYLE="text-autospace: none">Third Amendment to Amended and Restated Employment Agreement, by and between Redwood Trust, Inc. and Brett D. Nicholas, dated as of May 17, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">Exhibit 10.5</TD>
    <TD STYLE="text-autospace: none">Second Amendment to Amended and Restated Employment Agreement, by and between Redwood Trust, Inc. and Harold F. Zagunis, dated as of May 17, 2012</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 4; Value: 1 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR>
    <TD STYLE="vertical-align: top; text-autospace: none">Date:&nbsp;&nbsp;May 21, 2012</TD>
    <TD COLSPAN="2" STYLE="text-autospace: none">REDWOOD TRUST, INC.</TD></TR>
<TR>
    <TD STYLE="width: 50%; text-autospace: none">&nbsp;</TD>
    <TD STYLE="width: 5%; vertical-align: top; text-autospace: none">&nbsp;</TD>
    <TD STYLE="width: 45%; text-autospace: none">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-bottom: 1.5pt; text-autospace: none">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-bottom: 1.5pt; text-autospace: none">By:&nbsp;&nbsp;</TD>
    <TD STYLE="border-bottom: black 1.5pt solid; text-autospace: none"><FONT STYLE="font-variant: small-caps">/s/ Andrew P. Stone</FONT></TD></TR>
<TR>
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">Name:&nbsp;&nbsp;Andrew P. Stone&nbsp;</TD></TR>
<TR>
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">Title:&nbsp;&nbsp;&nbsp;&nbsp;General Counsel and Secretary</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 5; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font-size: 10pt"><TR><TD STYLE="text-align: center; width: 100%">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence -->-</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Exhibit Index</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; border-bottom: black 1.5pt solid; text-autospace: none; text-align: center"><B>Exhibit No</B> .</TD>
    <TD STYLE="width: 3%; padding-bottom: 1.5pt; text-autospace: none">&nbsp;</TD>
    <TD STYLE="width: 82%; border-bottom: black 1.5pt solid; text-autospace: none; font-weight: bold">Exhibit Title</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none; text-align: center">3.1</TD>
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">Articles of Amendment</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none; text-align: center">3.2</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-autospace: none">First Amendment to Amended and Restated Bylaws, as adopted on May 17, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none; text-align: center">10.1</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-autospace: none">2002 Redwood Trust, Inc. Incentive Plan, as amended through May 17, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none; text-align: center">10.2</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-autospace: none">2002 Redwood Trust, Inc. Employee Stock Purchase Plan, as amended through May 17, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none; text-align: center">10.3</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-autospace: none">Third Amendment to Amended and Restated Employment Agreement, by and between Redwood Trust, Inc. and Martin S. Hughes, dated as of May 17, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none; text-align: center">10.4</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-autospace: none">Third Amendment to Amended and Restated Employment Agreement, by and between Redwood Trust, Inc. and Brett D. Nicholas, dated as of May 17, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none; text-align: center">10.5</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-autospace: none">Second Amendment to Amended and Restated Employment Agreement, by and between Redwood Trust, Inc. and Harold F. Zagunis, dated as of May 17, 2012</TD></TR>
</TABLE>
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[{"type": "8-K", "sequence": "1", "filename": "v313876_8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 48571}]
{"company-data": {"conformed-name": "REDWOOD TRUST INC", "cik": "0000930236", "assigned-sic": "6798", "irs-number": "680329422", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-13759", "film-number": "12859003"}, "business-address": {"street1": "ONE BELVEDERE PLACE", "street2": "SUITE 300", "city": "MILL VALLEY", "state": "CA", "zip": "94941", "phone": "(415) 380-2317"}, "mail-address": {"street1": "ONE BELVEDERE PLACE", "street2": "SUITE 300", "city": "MILL VALLEY", "state": "CA", "zip": "94941"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported):  May 17, 2012
__________________
REDWOOD TRUST, INC.
(Exact name of registrant as specified in
its charter)
Maryland
001-13759
68-0329422
(State or other
jurisdiction of
incorporation)
(Commission File Number)
(I.R.S. Employer
Identification No.)
One Belvedere Place
Suite 300
Mill Valley, California 94941
(Address of principal executive offices
and Zip Code)
(415) 389-7373
(Registrant's telephone number, including
area code)
Not Applicable
(Former name or former address, if changed
since last report)
__________________
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
-
1
-
Item 5.02.  Compensatory Arrangements of Certain
Officers
(e) 	Redwood Trust, Inc. (the "Company")
held its 2012 Annual Meeting of Stockholders on May 17, 2012 (the "Annual Meeting"). During the Annual Meeting,
stockholders voted to approve an amendment to the 2002 Redwood Trust, Inc. Incentive Plan (the "Incentive Plan").  The
only material difference between the existing Incentive Plan and the amended Incentive Plan is the number of shares available for
issuance under the Incentive Plan. The amendment to the Incentive Plan increased by 800,000 shares the number of shares available
for issuance under the Plan.  A copy of the amended Incentive Plan is attached hereto as Exhibit 10.1.  This
amendment was previously approved by the Company's Board of Directors.
In addition, during the Annual Meeting,
stockholders voted to approve an amendment to the 2002 Redwood Trust, Inc. Employee Stock Purchase Plan (the "ESPP")
to increase by 100,000 shares the number of shares of common stock available for purchase under the ESPP. A copy of the amended
ESPP is attached hereto as Exhibit 10.2.  This amendment was previously approved by the Company's Board of Directors.
On May 17, 2012, the Company and
Martin S. Hughes entered into an amendment to Mr. Hughes' employment agreement. The amendment reflects a previously
disclosed change to Mr. Hughes' title and a previously disclosed increase to Mr. Hughes' target annual bonus
percentage. A copy of the amendment is attached hereto as Exhibit 10.3.
On May 17, 2012, the Company and Brett
D. Nicholas entered into an amendment to Mr. Nicholas' employment agreement. The amendment reflects a previously
disclosed change to Mr. Nicholas' title and a previously disclosed increase to Mr. Nicholas' target annual bonus
percentage. A copy of the amendment is attached hereto as Exhibit 10.4.
On May 17, 2012, the Company and Harold
F. Zagunis entered into an amendment to Mr. Zagunis' employment agreement. The amendment reflects a change to Mr. Zagunis'
title. A copy of the amendment is attached hereto as Exhibit 10.5.
Item 5.03 Amendments to Articles of Incorporation or Bylaws
(a)	As noted above in Item 5.02, the
Company held its Annual Meeting on May 17, 2012. At the Annual Meeting, stockholders approved two amendments to the Company's
Charter.  These amendments were previously approved by the Company's Board of Directors. A brief description of
each of these amendments is set forth below and a description of each of these amendments was included in the Company's 2012
annual proxy statement, which was filed with the SEC on April 3, 2012.
·
The first sentence of Section A of Article VI of the Charter was amended
to increase the number of shares of capital stock authorized for issuance from 125,000,000 to 165,000,000.
·
Article VII of the Charter was amended to eliminate the classification
of the Company's Board of Directors over a three-year period. As a result, beginning with the Company's 2013 annual
meeting of stockholders, as each class's term expires, the successors to the directors in that class would be elected to
serve until the next annual meeting of stockholders and until their respective successors are duly elected and qualify. Accordingly,
at the Company's 2015 annual meeting of stockholders, the transition to a declassified Board of Directors will be complete
and at the annual meetings of stockholders held in 2015 and thereafter, the entire Board of Directors will be elected to serve
until the next annual meeting of stockholders and until their respective successors are duly elected and qualify.
A copy of the Articles of Amendment to
the Charter is attached hereto as Exhibit 3.1.  The Articles of Amendment to the Charter became effective upon filing
with the State of Maryland Department of Assessments and Taxation, which occurred on May 18, 2012.  The foregoing
description of the amendments to the Company's Charter is qualified in its entirety by reference to the full text of the
Articles of Amendment, which is filed as Exhibit 3.1 hereto and is incorporated herein by reference.
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At the Annual Meeting, stockholders approved
an amendment to the Company's Bylaws. A brief description of the amendment is set forth below and a description of the amendment
was included in the Company's 2012 annual proxy statement, which was filed with the SEC on April 3, 2012.
·
Section 7 of Article II of the Bylaws was amended to adopt a majority
voting provision for uncontested director elections.
A copy of the amendment to the Bylaws is
attached hereto as Exhibit 3.2.  The amendment to the Bylaws became effective on May 17, 2012 following approval by the
Company's stockholders. The foregoing description of the amendment to the Company's Bylaws is qualified in its entirety
by reference to the full text of amendment to the Bylaws, which is filed as Exhibit 3.2 hereto and is incorporated herein by reference.
Item 5.07.  Submission of Matters to a Vote of
Security Holders
As noted above in Item 5.02 and 5.03, the
Company held its Annual Meeting on May 17, 2012. There were 78,756,319 shares of Company common stock entitled to vote at the
Annual Meeting.  There were eight items voted upon at the Annual Meeting, with the voting results for each item set
forth below.
Item 1
.  During the Annual
Meeting, stockholders voted to elect George E. Bull, III and Georganne C. Proctor as Class III directors to serve on the Board
of Directors until the annual meeting of stockholders in 2015 and until their successors are duly elected and qualify.  The
stockholders' votes with respect to the election of directors were as follows:
Nominee
For
Withheld
Broker Non-Votes
George E. Bull, III
61,192,195
1,167,945
12,189,393
Georganne C. Proctor
60,530,294
1,829,846
12,189,393
Item 2
.  During the Annual
Meeting, stockholders voted to ratify the appointment of Grant Thornton LLP as the Company's independent registered public
accounting firm for 2012. The stockholders' votes with respect to the ratification of Grant Thornton LLP as the Company's
independent registered public accounting firm were as follows:
For
Against
Abstentions
Broker Non-Votes
74,226,009
187,279
136,245
—
Item 3
.  During the Annual
Meeting, stockholders voted on an advisory resolution to approve named executive officer compensation as disclosed in the annual
proxy statement for the Annual Meeting. The stockholders' votes with respect to approval of this advisory resolution were
as follows:
For
Against
Abstentions
Broker Non-Votes
56,981,772
5,188,995
189,373
12,189,393
Item 4
.  As noted
in Item 5.03 above, during the Annual Meeting, stockholders voted to approve an amendment to the Company's Charter to increase
the number of shares of capital stock authorized for issuance from 125,000,000 to 165,000,000.  The stockholders'
votes with respect to this amendment of the Company's Charter were as follows:
For
Against
Abstentions
Broker Non-Votes
60,437,913
1,832,589
89,638
12,189,393
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Item 5
. As noted in Item 5.02 above,
during the Annual Meeting, stockholders voted to approve an amendment to the Company's Incentive Plan to increase by 800,000
shares the number of shares of common stock authorized for issuance under the Incentive Plan.  The stockholders'
votes with respect to the amendment to the Incentive Plan were as follows:
For
Against
Abstentions
Broker Non-Votes
55,326,485
6,870,271
163,384
12,189,393
Item 6
.  As noted in Item
5.02 above, during the Annual Meeting, stockholders voted to approve an amendment to the Company's ESPP to increase by 100,000
shares the number of shares of common stock available for purchase under the ESPP.  The stockholders' votes with
respect to the amendment to the ESPP were as follows:
For
Against
Abstentions
Broker Non-Votes
61,062,279
1,193,519
104,342
12,189,393
Item 7
.  As noted
in Item 5.03 above, during the Annual Meeting, stockholders voted to approve an amendment to the Company's Charter to eliminate
the classification of the Company's Board of Directors over a three-year period. The stockholders' votes with respect
to this amendment of the Company's Charter were as follows:
For
Against
Abstentions
Broker Non-Votes
61,479,802
713,719
166,619
12,189,393
Item 8
.  As noted
in Item 5.03 above, during the Annual Meeting, stockholders voted to approve an amendment to the Company's Bylaws to adopt
a majority voting provision for uncontested director elections. The stockholders' votes with respect to this amendment of
the Company's Bylaws were as follows:
For
Against
Abstentions
Broker Non-Votes
51,109,131
2,647,349
6,422,675
14,370,378
Item 9.01. Financial Statements and Exhibits.
(d)
Exhibits
Exhibit 3.1
Articles of Amendment
Exhibit 3.2
First Amendment to Amended and Restated Bylaws, as adopted on May 17, 2012
Exhibit 10.1
2002 Redwood Trust, Inc. Incentive Plan, as amended through May 17, 2012
Exhibit 10.2
2002 Redwood Trust, Inc. Employee Stock Purchase Plan, as amended through May 17, 2012
Exhibit 10.3
Third Amendment to Amended and Restated Employment Agreement, by and between Redwood Trust, Inc. and Martin S. Hughes, dated as of May 17, 2012
Exhibit 10.4
Third Amendment to Amended and Restated Employment Agreement, by and between Redwood Trust, Inc. and Brett D. Nicholas, dated as of May 17, 2012
Exhibit 10.5
Second Amendment to Amended and Restated Employment Agreement, by and between Redwood Trust, Inc. and Harold F. Zagunis, dated as of May 17, 2012
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date:  May 21, 2012
REDWOOD TRUST, INC.
By:
/s/ Andrew P. Stone
Name:  Andrew P. Stone
Title:    General Counsel and Secretary
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Exhibit Index
Exhibit No
.
Exhibit Title
3.1
Articles of Amendment
3.2
First Amendment to Amended and Restated Bylaws, as adopted on May 17, 2012
10.1
2002 Redwood Trust, Inc. Incentive Plan, as amended through May 17, 2012
10.2
2002 Redwood Trust, Inc. Employee Stock Purchase Plan, as amended through May 17, 2012
10.3
Third Amendment to Amended and Restated Employment Agreement, by and between Redwood Trust, Inc. and Martin S. Hughes, dated as of May 17, 2012
10.4
Third Amendment to Amended and Restated Employment Agreement, by and between Redwood Trust, Inc. and Brett D. Nicholas, dated as of May 17, 2012
10.5
Second Amendment to Amended and Restated Employment Agreement, by and between Redwood Trust, Inc. and Harold F. Zagunis, dated as of May 17, 2012
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