Sec Form 4 Filing - Meris William George @ IMH Financial Corp - 2010-06-18

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 Meris William George 2. Issuer Name and Ticker or Trading Symbol IMH Financial Corp [ NONE] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) President (Last) (First) (Middle) 4900 N. SCOTTSDALE ROAD, #5000 3. Date of Earliest Transaction (MM/DD/YY) 06/18/2010 (Street) SCOTTSDALE, AZ85251 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

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 Class B-1 ( 1 ) 06/18/2010 06/18/2010 D V 0 ( 3 ) ( 1 ) IMH Financial Corp. Common Stock 805 ( 1 ) 805 ( 5 ) D Class B-2 ( 1 ) 06/18/2010 06/18/2010 D V 0 ( 3 ) ( 1 ) IMH Financial Corp. Common Stock 805 ( 1 ) 805 ( 5 ) D Class B-3 ( 1 ) 06/18/2010 06/18/2010 D V 0 ( 3 ) ( 1 ) IMH Financial Corp. Common Stock 1,613 ( 1 ) 1,613 ( 5 ) D Class B-3 ( 1 ) 06/18/2010 06/18/2010 D V 77,319 ( 6 ) ( 3 )( 4 ) ( 1 ) IMH Financial Corp. Common Stock 236,471 ( 2 ) ( 1 ) 236,471 ( 2 ) D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Meris William George 4900 N. SCOTTSDALE ROAD, #5000 SCOTTSDALE, AZ85251 X President Signatures /s/ William Meris 09/21/2010 Signature of Reporting Person Date

Explanation of Responses:

( 1 )N/A ( 2 )Revised to reflect final downward adjustment by 77,032 shares pursuant to the terms and conditions of the Agreement and Plan of Conversion dated May 10, 2010. ( 3 )Shares of Class B-1, B-2 and B-3, respectively, become eligible to convert into shares of common stock on the six, nine and twelve-month anniversary of the consummation of an initial public offering, respectively, subject to earlier release upon certain conditions. ( 4 )On June 18, 2014 (the four-year anniversary of the date of consummation of the Conversion Transactions, subject to release upon certain conditions). ( 5 )Revised to reflect that previously reported holdings of Class B-3 shares have been allocated among Class B-1, B-2 and B-3. ( 6 )Adjusted to reflect transfer to the Pierce Family Limited Partnership as contemplated by the Agreement and Plan of Conversion dated May 10, 2010.

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