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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
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
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
  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.
  7. 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.
  8. The shares of common stock are held directly by Pickup Grandchildren's Trust, over which shares Reporting Person exercises sole voting and investment power.
  9. The shares of common stock are held directly by Pickup Living Trust, over which shares Reporting Person exercises sole voting and investment power.
  10. 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.
  11. 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.
  12. 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)
  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).