PEERS STEPHAN 4
4 · IMPAC MORTGAGE HOLDINGS INC · Filed May 22, 2013
Insider Transaction Report
Form 4
PEERS STEPHAN
Director
Transactions
- Sale
Common Stock
2013-05-20$11.32/sh−9,000$101,880→ 25,943 total
Holdings
- 4,000
Non-Qualified Stock Option
Exercise: $2.73From: 2011-12-03Exp: 2020-12-03→ Common Stock (4,000 underlying)
Footnotes (4)
- [F1]Includes 6,000 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 annually in 1/3 increments beginning on December 3, 2011; however, the shares are distributed only upon termination of the Reporting Person's services as a director of the Issuer.
- [F2]Includes 6,000 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 annually in 1/2 increments beginning on November 27, 2013; however, the shares are distributed only upon termination of the Reporting Person's services as a director of the Issuer.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.26 to $11.35. The reporting person undertakes to provide to Impac Mortgage Holdings, Inc., any security holder of Impac, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.
- [F4]The awards vest annually in 1/3 increments beginning on December 3, 2011.