Sec Form 4 Filing - ABRAMS LEIGH J @ IMPAC MORTGAGE HOLDINGS INC - 2017-08-30

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
ABRAMS LEIGH J
2. Issuer Name and Ticker or Trading Symbol
IMPAC MORTGAGE HOLDINGS INC [ IMH]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
19500 JAMBOREE ROAD
3. Date of Earliest Transaction (MM/DD/YY)
08/30/2017
(Street)
IRVINE, CA92612
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 30,210 D
Common Stock 08/30/2017 A 5,000 ( 1 ) A $ 13.72 35,210 ( 2 ) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (right to buy) $ 2.73 12/03/2011( 3 ) 12/03/2020 Common Stock 6,000 6,000 D
Non-Qualified Stock Option (right to buy) $ 13.81 11/27/2013( 3 ) 11/27/2022 Common Stock 12,000 12,000 D
Non-Qualified Stock Option (right to buy) $ 5.39 07/22/2015( 3 ) 07/22/2024 Common Stock 7,500 7,500 D
Non-Qualified Stock Option (right to buy) $ 20.5 07/21/2016( 4 ) 07/21/2025 Common Stock 10,000 10,000 D
Non-Qualified Stock Option (right to buy) $ 17.4 07/19/2017( 5 ) 07/19/2026 Common Stock 10,000 10,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
ABRAMS LEIGH J
19500 JAMBOREE ROAD
IRVINE, CA92612
X
Signatures
Leigh J Abrams 08/30/2017
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents 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 1/3 a year for 3 years beginning on August 30, 2018; however, the shares are distributed only upon termination of the Reporting Person's services as a director of the Issuer.
( 2 )Includes 18,500 shares of common stock underlying Deferred Stock Units (DSUs), of which 13,500 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.
( 3 )These options are fully vested.
( 4 )These awards vest annually in 1/3 increments beginning on July 21, 2016.
( 5 )These awards vest annually in 1/3 increments beginning on July 19, 2017.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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