Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
DETERS WILLIAM J
  2. Issuer Name and Ticker or Trading Symbol
RTW INC /MN/ [RTWI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
774 MAYS BLVD #10 PMB 452
3. Date of Earliest Transaction (Month/Day/Year)
12/17/2007
(Street)

INCLINE VILLAGE, NV 89451
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/17/2007   D   20,675 D $ 12.45 0 I By W.G. Securities ltd. Partnership
Common Stock 12/17/2007   D   19,600 D $ 12.45 0 I Joint with Spouse

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) $ 2.2 12/17/2007   D     2,500 07/24/2002 07/23/2012 Common Stock 2,500 $ 10.25 0 D  
Employee Stock Option (right to buy) $ 3.13 12/17/2007   D     2,500 05/21/2003 05/20/2013 Common Stock 2,500 $ 9.32 0 D  
Employee Stock Option (right to buy) $ 6.5 12/17/2007   D     2,500 06/16/2004 06/15/2014 Common Stock 2,500 $ 5.95 0 D  
Employee Stock Option (right to buy) $ 9.87 12/17/2007   D     2,500 06/15/2005 06/14/2015 Common Stock 2,500 $ 2.58 0 D  
Employee Stock Option (right to buy) $ 10.87 12/17/2007   D     4,000 06/14/2006 06/13/2016 Common Stock 4,000 $ 1.58 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
DETERS WILLIAM J
774 MAYS BLVD #10 PMB 452
INCLINE VILLAGE, NV 89451
  X      

Signatures

 /s/ William J. Deters by Power of Attorney   01/08/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
 
Remarks:
Disposed of pursuant to a merger agreement between RTW, Inc. and Rockhill Holding Company; the issuer's common stock having a market value of $12.45 effective on the date of the merger.

At the effective time of the merger referred to above, all of the stock options outstanding became fully vested, were cancelled and were converted into the right to receive the excess, if any, of $12.45 over the exercise price of the stock option for each share of RTW, Inc. common stock to the option, less applicable withholding tax and without interest.

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