RHP Trust, dated May 31, 2011 4
4 · IMPAC MORTGAGE HOLDINGS INC · Filed Nov 18, 2022
Insider Transaction Report
Form 4
RHP Trust, dated May 31, 2011
10% Owner
Transactions
- Sale
Common Stock
2022-11-15$0.34/sh−925,000$316,813→ 2,700,000 total
Holdings
- 13,750,000
Convertible Promissory Note Due 2020
Exercise: $21.50From: 2016-01-02Exp: 2020-11-09→ Common Stock (639,535 underlying) - 116,956.95
Warrant
Exercise: $2.97From: 2020-10-15Exp: 2025-04-15→ Common Stock (116,956.95 underlying)
Footnotes (1)
- [F1]As previously reported on a Form 4 filed by Reporting Person on May 11, 2015, on May 8, 2015, Reporting Person purchased a Convertible Promissory Note Due 2020 in the original principal amount of $13,750,000 that is convertible by Reporting Person 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), Reporting Person 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.