X0306 4 2015-08-26 0 0001000298 IMPAC MORTGAGE HOLDINGS INC IMH 0001457272 Pickup Todd M 1600 E. COAST HIGHWAY NEWPORT CA 92660 0 0 1 0 Common Stock 2015-08-26 4 P 0 1110 15.91 A 76110 D Common Stock 2015-08-26 4 P 0 1500 15.79 A 77610 D Common Stock 2015-08-26 4 P 0 600 15.899 A 78210 D Common Stock 2015-08-26 4 P 0 2700 15.899 A 80910 D Common Stock 2015-08-26 4 P 0 100 15.897 A 81010 D Common Stock 2015-08-26 4 P 0 100 15.89 A 81110 D Common Stock 2015-08-26 4 P 0 2500 15.8999 A 83610 D Common Stock 2015-08-26 4 P 0 200 15.8999 A 83810 D Common Stock 2015-08-27 4 P 0 4800 15.7999 A 88610 D Common Stock 2015-08-27 4 P 0 464 15.80 A 89074 D Common Stock 2015-08-27 4 P 0 100 15.79 A 89174 D Common Stock 2015-08-27 4 P 0 2436 15.95 A 91610 D Common Stock 2015-08-27 4 P 0 2000 15.85 A 93610 D Common Stock 2015-08-27 4 P 0 1200 15.80 A 94810 D Common Stock 2015-08-27 4 P 0 1300 15.80 A 96110 D Common Stock 2015-08-27 4 P 0 100 15.75 A 96210 D Common Stock 2015-08-27 4 P 0 471 15.75 A 96681 D Common Stock 2015-08-27 4 P 0 1929 15.7985 A 98610 D Common Stock 100000 I See footnote. Common Stock 275000 I See footnote. Common Stock 300000 I See footnote. Common Stock 100000 I See footnote. Common Stock 5000 I See footnote. Convertible Promissory Note Due 2018 10.875 2013-04-30 2018-04-30 Common Stock 898851 9775000.00 I See footnotes. Convertible Promissory Note Due 2020 21.50 2016-01-02 2020-05-09 Common Stock 465117 10000000.00 I See footnotes. The shares of common stock are held directly by Pickup Living Trust, over which shares Reporting Person exercises sole voting and investment power. The shares of common stock are held directly by Pickup Grandchildren's Trust, over which shares Reporting Person exercises sole voting and investment power. The shares of common stock are held directly by Vintage Trust II, dated July 19, 2007 (the "Trust"), over which shares Reporting Person exercises sole voting and investment power. (The purchase by Vintage Trust, dated October 28, 1993, of 2,719 shares of the common stock on June 29, 2015 at a price of $18.50 per share was erroneously attributed to the Trust in Reporting Person's form 4 filed on that date.) The shares of common stock are held directly by Plus Four Equity Partners, L.P., over which shares Reporting Person shares voting and investment power. The shares of common stock are held directly by Vintage Trust, dated October 28, 1993, over which shares Reporting Person shares voting and investment power. (The purchase by Vintage Trust, dated October 28, 1993, of 2,719 shares of the common stock on June 29, 2015 at a price of $18.50 per share was erroneously attributed to the Trust in Reporting Person's form 4 filed on that date.) As previously reported on a Form 3 filed by the Trust on May 8, 2013, on April 30, 2013, the Trust purchased a Convertible Promissory Note Due 2018 in the original principal amount of $9,775,000 that is convertible by the Trust immediately upon receipt and, upon conversion of the original principal amount prior to maturity at the initial conversion price of $10.875 per share (subject to adjustment in the event of stock splits, stock dividends and reclassifications), the Trust will receive 898,851 shares of common stock (subject to adjustment in the event of stock splits, stock dividends and reclassifications). The Convertible Promissory Note Due 2018 is due and payable, to the extent not converted, on or before April 30, 2018. Reporting Person exercises sole voting and investment power over these securities. 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 $10,000,000 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 465,117 shares of common stock (subject to adjustment in the event of stock splits, stock dividends and reclassifications). The Convertible Promissory Note Due 2020 note is due and payable, to the extent not converted, on or before May 9, 2020. As of August 27, 2015, Reporting Person may be deemed to beneficially own an aggregate of 2,242,578 shares of the common stock, consisting of (a) 98,610 shares owned directly, and (b) an aggregate of 2,143,968 shares owned indirectly, consisting of (i) 898,851 shares that the Trust may acquire at any time upon conversion (at the initial conversion price of $10.875 per share) of the outstanding principal balance of a Convertible Promissory Note Due 2018 owned directly by the Trust, (ii) 465,117 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) 275,000 shares owned directly by Pickup Grandchildren's Trust (over which shares Reporting Person exercises sole voting and investment power), (Continued in footnote 9) (iv) 100,000 shares owned directly by Pickup Living Trust (over which shares Reporting Person exercises sole voting and investment power), (v) 300,000 shares owned directly by the Trust (over which shares Reporting Person exercises sole voting and investment power), (vi) 100,000 shares owned directly by Plus Four Equity Partners, L.P. (over which shares Reporting Person shares voting and investment power), and (vii) 5,000 shares owned directly by Vintage Trust, dated October 28, 1993 (over which shares Reporting Person shares voting and investment power). This is a late filing with respect to the transactions reported in Table I dated August 26, 2015; pursuant to the General Instructions of Form 4, a Form 4 relating to each such transaction should have been filed within two business days following the date of such transaction. /s/ TODD M. PICKUP 2015-08-31