Filing Details

Accession Number:
0000899243-21-040373
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-10-15 17:00:22
Reporting Period:
2021-10-13
Accepted Time:
2021-10-15 17:00:22
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1000298 Impac Mortgage Holdings Inc IMH () 4
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 2021-10-13 700,000 $1.28 4,300,000 No 4 P Indirect See footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect See footnote
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 1,000,000 Indirect See footnote
Common Stock 120,000 Direct
Common Stock 1,400,000 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 2020-11-09 639,535 13,750,000 Indirect
Common Stock Non-Qualified Stock Option $3.75 2020-02-26 2029-02-26 30,000 30,000 Direct
Common Stock Non-Qualified Stock Option $5.34 2021-02-12 2030-02-12 30,000 30,000 Direct
Common Stock Warrant $2.97 2020-10-15 2025-04-15 116,957 116,957 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
2020-11-09 639,535 13,750,000 Indirect
2029-02-26 30,000 30,000 Direct
2030-02-12 30,000 30,000 Direct
2025-04-15 116,957 116,957 Indirect
Footnotes
  1. The shares of common stock were purchased by RHP Trust, dated May 31, 2011 (the "Trust"), over which shares Reporting Person exercises sole voting and investment power.
  2. The shares of common stock are held by Dito Devcar Limited Partnership, over which shares Reporting Person exercises sole voting and investment power.
  3. The shares of common stock are held by Dito Caree Limited Partnership, over which shares Reporting Person exercises sole voting and investment power.
  4. 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, as amended on April 15, 2020, is due and payable, to the extent not converted, on or before November 9, 2020.
  5. The awards vest annually in equal one-third increments, with the first such increment vesting February 26, 2020.
  6. As of October 13, 2021, Reporting Person may be deemed to beneficially own an aggregate of 7,636,491.95 shares of the common stock, consisting of (a) 180,000 shares owned directly (which amount includes 60,000 Non-Qualified Stock Options), and (b) an aggregate of 7,456,491.95 shares owned indirectly, consisting of (i) 4,300,000 shares owned directly by the Trust (over which shares Reporting Person exercises sole voting and investment power), (ii) 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, (iii) 116,956.95 shares that the Trust may acquire at any time after October 15, 2020 upon exercise (at an exercise price of $2.97 per share) of a Warrant to Purchase Common Stock owned directly by the Trust,
  7. (Continued from Footnote 6) (iv) 1,000,000 shares owned directly by Dito Devcar Limited Partnership (over which shares Reporting Person exercises sole voting and investment power), and (v) 1,400,000 shares owned directly by Dito Caree Limited Partnership (over which shares Reporting Person exercises sole voting and investment power).
  8. The awards vest annually in equal one-third increments, with the first such increment vesting February 12, 2021.