SEC Form 4 · accession 0001179110-15-011507
IMPAC MORTGAGE HOLDINGS INC · IMH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Walsh
Director
Period of report
Jul 21, 2015
Accepted (ET)
Jul 23, 2015 · 8:28 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 StockF1,F2 | Jul 21, 2015 | A | 5,000 | $0.00 | A | 34,597 | D | |
| Common Stock | holding | — | — | — | 30 | I | by Daughter |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock OptionF3 | $2.73 | holding | — | — | — | Dec 3, 2011 | Dec 3, 2020 | Common Stock | 4,000 | 4,000 | D |
Explanation of responses
- F1Represents 5,000 shares of common stock underlying Deferred Stock Units (DSUs) granted under the Non-Employee Director Deferred Stock Unit Award Program so that each DSU represents a contingent right to receive one share of common stock. The DSUs vest fully beginning on July 21, 2016; however, the shares are distributed only upon termination of the Reporting Person's services as a director of the Issuer.
- F2Includes 28,250 shares of common stock underlying Deferred Stock Units (DSUs), of which 20,750 are vested. The DSUs were granted under the Non-Employee Director Deferred Stock Unit Award Program so that each DSU represents a contingent right to receive one share of common stock. The shares are distributed only upon termination of the Reporting Person's services as a director of the Issuer.
- F3These options are fully vested.