Home > Insider Trading > Filing (0000899243-19-002896)

Filing Details

Accession Number:: 0000899243-19-002896
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-02-07 17:00:22
Reporting Period:: 2018-09-26

Accepted Time:: 2019-02-07 17:00:22
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
1457272	M Todd Pickup	1600 E. Coast Highway Newport CA 92660		No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2018-09-26	50,000	$7.25	50,000	No	4	S	Indirect	See footnote.
Common Stock	Acquisiton	2018-11-29	7,240	$3.91	57,240	No	4	P	Indirect	See footnote.
Common Stock	Acquisiton	2018-11-30	12,259	$3.89	69,499	No	4	P	Indirect	See footnote.
Common Stock	Acquisiton	2018-12-03	5,000	$3.80	74,499	No	4	P	Indirect	See footnote.
Common Stock	Acquisiton	2018-12-06	2,505	$3.57	77,004	No	4	P	Indirect	See footnote.
Common Stock	Acquisiton	2018-12-10	2,996	$3.63	80,000	No	4	P	Indirect	See footnote.

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See footnote.
No	4	P	Indirect	See footnote.
No	4	P	Indirect	See footnote.
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	100,000	Direct
Common Stock	1,793,796	Indirect	See footnote.
Common Stock	300,000	Indirect	See footnote.
Common Stock	100,000	Indirect	See footnote.
Common Stock	100,000	Indirect	See footnote.

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Convertible Promissory Note Due 2020	$21.50	2016-01-02	2020-05-09	465,117	10,000,000	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2020-05-09	465,117	10,000,000	Indirect

Footnotes

This transaction was executed in multiple trades at prices ranging from $7.2167 to $7.3313; 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.
The shares of common stock were sold directly by Vintage Trust, dated October 28, 1993, over which shares 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 the Trust upon execution of this sale transaction.
This transaction was executed in multiple trades at prices ranging from $3.88 to $3.92; the price reported above reflects the weighted average purchase 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.
The shares of common stock were purchased directly by Vintage Trust, dated October 28, 1993, over which shares 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 the Trust upon execution of this purchase transaction.
This transaction was executed in multiple trades at prices ranging from $3.85 to $3.92; the price reported above reflects the weighted average purchase 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.
This transaction was executed in multiple trades at prices ranging from $3.6276 to $3.64; the price reported above reflects the weighted average purchase 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.
The shares of common stock are held directly by Vintage Trust II, dated July 19, 2007 (the "Trust"), over which shares Reporting Person exercises sole voting and investment power.
The shares of common stock are held directly by Pickup Grandchildren's Trust, over which shares Reporting Person exercises sole voting and investment power.
The shares of common stock are held directly by Pickup Living Trust, over which shares Reporting Person exercises sole voting and investment power.
The shares of common stock are held directly by Plus Four Equity Partners, L.P., over which shares Reporting Person shares voting and investment power.
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 $10,000,000 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 465,117 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.
As of December 10, 2018, Reporting Person may be deemed to beneficially own an aggregate of 2,938,913 shares of the common stock, consisting of (a) 100,000 shares owned directly, and (b) an aggregate of 2,838,913 shares owned indirectly, consisting of (i) 465,117 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, (ii) 300,000 shares owned directly by Pickup Grandchildren's Trust (over which shares Reporting Person exercises sole voting and investment power), (iii) 100,000 shares owned directly by Pickup Living Trust (over which shares Reporting Person exercises sole voting and investment power), (iv) 1,793,796 shares owned directly by the Trust (over which shares Reporting Person exercises sole voting and investment power), (Continued in footnote 13)
(v) 100,000 shares owned directly by Plus Four Equity Partners, L.P. (over which shares Reporting Person shares voting and investment power), and (vi) 80,000 shares owned directly by Vintage Trust, dated October 28, 1993 (over which shares Reporting Person exercises sole voting and investment power).