4//SEC Filing
PICKUP RICHARD H. 4
Accession 0000899243-21-046226
CIK 0001000298other
Filed
Nov 28, 7:00 PM ET
Accepted
Nov 29, 5:00 PM ET
Size
15.6 KB
Accession
0000899243-21-046226
Insider Transaction Report
Form 4
PICKUP RICHARD H/
10% Owner
Transactions
- Sale
Common Stock
2021-11-24$1.30/sh−675,000$877,500→ 3,625,000 total(indirect: See footnote)
Holdings
- 1,000,000(indirect: See footnote)
Common Stock
- 30,000
Non-Qualified Stock Option
Exercise: $3.75From: 2020-02-26Exp: 2029-02-26→ Common Stock (30,000 underlying) - 13,750,000(indirect: See Footnotes)
Convertible Promissory Note Due 2020
Exercise: $21.50From: 2016-01-02Exp: 2020-11-09→ Common Stock (639,535 underlying) - 30,000
Non-Qualified Stock Option
Exercise: $5.34From: 2021-02-12Exp: 2030-02-12→ Common Stock (30,000 underlying) - 120,000
Common Stock
- 1,400,000(indirect: See footnote)
Common Stock
- 116,956.95(indirect: See Footnotes)
Warrant
Exercise: $2.97From: 2020-10-15Exp: 2025-04-15→ Common Stock (116,956.95 underlying)
Footnotes (8)
- [F1]The shares of common stock were sold by RHP Trust, dated May 31, 2011 (the "Trust"), over which shares Reporting Person exercises sole voting and investment power.
- [F2]The shares of common stock are held by Dito Devcar Limited Partnership, over which shares Reporting Person exercises sole voting and investment power.
- [F3]The shares of common stock are held by Dito Caree Limited Partnership, over which shares Reporting Person exercises sole voting and investment power.
- [F4]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.
- [F5]The awards vest annually in equal one-third increments, with the first such increment vesting February 26, 2020.
- [F6]As of November 24, 2021, Reporting Person may be deemed to beneficially own an aggregate of 6,961,491.95 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 6,781,491.95 shares owned indirectly, consisting of (i) 3,625,000 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,
- [F7](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).
- [F8]The awards vest annually in equal one-third increments, with the first such increment vesting February 12, 2021.
Documents
Issuer
IMPAC MORTGAGE HOLDINGS INC
CIK 0001000298
Entity typeother
Related Parties
1- filerCIK 0000905980
Filing Metadata
- Form type
- 4
- Filed
- Nov 28, 7:00 PM ET
- Accepted
- Nov 29, 5:00 PM ET
- Size
- 15.6 KB