SEC Form 4 · accession 0000899243-15-002877

IMPAC MORTGAGE HOLDINGS INC · IMH

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Richard H/ Pickup

10% Owner

Period of report

Aug 7, 2015

Accepted (ET)

Aug 11, 2015 · 6:36 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001000298

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1	Aug 7, 2015	P	1,900	$17.16	A	1,178,727	I	See footnote.
Common Stock^F1	Aug 7, 2015	P	773	$17.16	A	1,179,500	I	See footnote.
Common Stock^F1	Aug 7, 2015	P	1,000	$17.1599	A	1,180,500	I	See footnote.
Common Stock^F1	Aug 7, 2015	P	2,300	$17.16	A	1,182,800	I	See footnote.
Common Stock^F1	Aug 7, 2015	P	200	$17.157	A	1,183,000	I	See footnote.
Common Stock^F1	Aug 7, 2015	P	100	$17.17	A	1,183,100	I	See footnote.
Common Stock^F1	Aug 7, 2015	P	2,400	$17.17	A	1,185,500	I	See footnote.
Common Stock^F1	Aug 7, 2015	P	126	$17.17	A	1,185,626	I	See footnote.
Common Stock^F1	Aug 7, 2015	P	200	$17.17	A	1,185,826	I	See footnote.
Common Stock^F1	Aug 10, 2015	P	501	$17.15	A	1,186,327	I	See footnote.
Common Stock^F1	Aug 10, 2015	P	1,900	$16.51	A	1,188,227	I	See footnote.
Common Stock^F1	Aug 10, 2015	P	3,100	$16.51	A	1,191,327	I	See footnote.
Common Stock^F1	Aug 10, 2015	P	3,000	$16.35	A	1,194,327	I	See footnote.
Common Stock^F1	Aug 10, 2015	P	1,836	$16.319	A	1,196,163	I	See footnote.
Common Stock^F1	Aug 10, 2015	P	164	$16.26	A	1,196,327	I	See footnote.
Common Stock^F1	Aug 10, 2015	P	200	$16.26	A	1,196,527	I	See footnote.
Common Stock^F1	Aug 10, 2015	P	1,800	$16.26	A	1,198,327	I	See footnote.
Common Stock^F1	Aug 10, 2015	P	3,000	$16.26	A	1,201,327	I	See footnote.
Common Stock^F1	Aug 10, 2015	P	3,400	$16.22	A	1,204,727	I	See footnote.
Common Stock^F1	Aug 10, 2015	P	1,500	$16.217	A	1,206,227	I	See footnote.
Common Stock^F1	Aug 10, 2015	P	100	$16.215	A	1,206,327	I	See footnote.
Common Stock^F1	Aug 10, 2015	P	4,900	$16.1699	A	1,211,227	I	See footnote.
Common Stock^F1	Aug 10, 2015	P	100	$16.13	A	1,211,327	I	See footnote.
Common Stock^F1	Aug 10, 2015	P	100	$16.15	A	1,211,427	I	See footnote.
Common Stock^F1	Aug 10, 2015	P	400	$16.15	A	1,211,827	I	See footnote.
Common Stock^F1	Aug 10, 2015	P	2,100	$16.15	A	1,213,927	I	See footnote.
Common Stock^F1	Aug 10, 2015	P	2,400	$16.15	A	1,216,327	I	See footnote.
Common Stock^F1	Aug 10, 2015	P	5,000	$16.10	A	1,221,327	I	See footnote.
Common Stock^F1	Aug 10, 2015	P	420	$16.07	A	1,221,747	I	See footnote.
Common Stock^F1	Aug 10, 2015	P	4,580	$16.07	A	1,226,327	I	See footnote.

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Convertible Promissory Note Due 2018^F2,F4,F5	$10.875	holding	—	—	—	Apr 30, 2013	Apr 30, 2018	Common Stock	524,138	—	I
Convertible Promissory Note Due 2020^F3,F4,F5	$21.50	holding	—	—	—	Jan 2, 2016	May 9, 2020	Common Stock	639,535	—	I

Explanation of responses

F1The shares of common stock were purchased 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 upon execution of this purchase transaction.
F2As 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.
F3As 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.
F4As of August 10, 2015, Reporting Person may be deemed to beneficially own an aggregate of 2,817,902 shares of the common stock, consisting of (a) 100,000 shares owned directly, and (b) an aggregate of 2,717,902 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
F5(Continued from footnote 4) (v) 120,000 shares owned directly by Dito Caree LP (over which shares Reporting Person shares voting and investment power).

Remarks

This Form 4 is being filed in two parts; this is the first of two parts.