Filing Details

Accession Number:
0000899243-16-012417
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-01-29 18:34:26
Reporting Period:
2016-01-26
Filing Date:
2016-01-29
Accepted Time:
2016-01-29 18:34:26
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1000298 Impac Mortgage Holdings Inc IMH Real Estate Investment Trusts (6798) 330675505
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
905980 H/ Richard Pickup 2532 Dupont Drive
Irvine CA 92612
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2016-01-26 1,000 $13.70 161,000 No 4 P Indirect See footnote.
Common Stock Acquisiton 2016-01-27 13,975 $13.45 174,975 No 4 P Indirect See footnote.
Common Stock Acquisiton 2016-01-28 15,025 $13.03 190,000 No 4 P Indirect See footnote.
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect See footnote.
No 4 P Indirect See footnote.
No 4 P Indirect See footnote.
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 1,236,327 Indirect See footnote.
Common Stock 100,000 Direct
Common Stock 197,902 Indirect See footnote.
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Convertible Promissory Note Due 2018 $10.88 2013-04-30 2018-04-30 524,138 0 Indirect
Common Stock Convertible Promissory Note Due 2020 $21.50 2016-01-02 2020-05-09 639,535 0 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
2018-04-30 524,138 0 Indirect
2020-05-09 639,535 0 Indirect
Footnotes
  1. This transaction was executed in multiple trades at prices ranging from $13.65 to $13.7199; the price reported above reflects the weighted average sale price. Reporting Person hereby undertakes to provide full information regarding the number of shares and prices at which these trades were effected upon request to the SEC staff, the issuer, or a security holder of the issuer.
  2. The shares of common stock were purchased by Dito Caree LP, over which Reporting Person shares voting and investment power, and the number of shares reflected in column 5 represents the aggregate number of shares of common stock owned directly by Dito Caree LP upon execution of this purchase transaction.
  3. This transaction was executed in multiple trades at prices ranging from $13.15 to $13.61; the price reported above reflects the weighted average sale price. Reporting Person hereby undertakes to provide full information regarding the number of shares and prices at which these trades were effected upon request to the SEC staff, the issuer, or a security holder of the issuer.
  4. This transaction was executed in multiple trades at prices ranging from $12.95 to $13.132; the price reported above reflects the weighted average sale price. Reporting Person hereby undertakes to provide full information regarding the number of shares and prices at which these trades were effected upon request to the SEC staff, the issuer, or a security holder of the issuer.
  5. The shares of common stock are held by RHP Trust, dated May 31, 2011 (the "Trust"), of which Reporting Person is the sole beneficiary, over which shares Reporting Person exercises sole voting and investment power, and the number of shares reflected in column 5 represents the aggregate number of shares of common stock owned directly by the Trust as of August 10, 2015.
  6. The shares of common stock are held by Dito Devcar LP, over which Reporting Person shares voting and investment power, and the number of shares reflected in column 5 represents the aggregate number of shares of common stock owned directly by Dito Devcar LP as of June 1, 2015.
  7. As previously reported on a Form 4 filed by Reporting Person on May 2, 2013, on April 30, 2013, the Trust purchased a Convertible Promissory Note Due 2018 in the original principal amount of $5,700,000 that is convertible by the Trust immediately upon receipt and, upon conversion of the original principal amount prior to maturity at the initial conversion price of $10.875 per share (subject to adjustment in the event of stock splits, stock dividends and reclassifications), the Trust will receive 524,138 shares of common stock (subject to adjustment in the event of stocks splits, stock dividends and reclassifications). The Convertible Promissory Note Due 2018 is due and payable, to the extent not converted, on or before April 30, 2018.
  8. As previously reported on a Form 4 filed by Reporting Person on May 11, 2015, on May 8, 2015, the Trust purchased a Convertible Promissory Note Due 2020 in the original principal amount of $13,750,000 that is convertible by the Trust at any time after January 1, 2016, and, upon conversion of the original principal amount prior to maturity at the initial conversion price of $21.50 per share (subject to adjustment in the event of stock splits, stock dividends and reclassifications), the Trust will receive 639,535 shares of common stock (subject to adjustment in the event of stock splits, stock dividends and reclassifications). The Convertible Promissory Note Due 2020 is due and payable, to the extent not converted, on or before May 9, 2020.
  9. As of January 28, 2016, Reporting Person may be deemed to beneficially own an aggregate of 2,887,902 shares of the common stock, consisting of (a) 100,000 shares owned directly, and (b) an aggregate of 2,787,902 shares owned indirectly, consisting of (i) 1,236,327 shares owned directly by the Trust, (ii) 524,138 shares that the Trust may acquire at any time upon conversion (at the initial conversion price of $10.875 per share) of the outstanding principal balance of a Convertible Promissory Note Due 2018 owned directly by the Trust, (iii) 639,535 shares that the Trust may acquire at any time after January 1, 2016 upon conversion (at the initial conversion price of $21.50 per share) of the outstanding principal balance of a Convertible Promissory Note Due 2020 owned directly by the Trust, (iv) 197,902 shares owned directly by Dito Devcar LP (over which shares Reporting Person shares voting and investment power), and
  10. (Continued from footnote 9) (v) 190,000 shares owned directly by Dito Caree LP (over which shares Reporting Person shares voting and investment power).