OMB Number 3235-0145
United States
Securities and Exchange Commission
Washington DC 20549
Schedule 13D
Under the Securities and Exchange Act of 1934
IMPAC MORTGAGE HOLDINGS, INC.
Name of Issuer
common stock
Title of Class of Securities
45254P102
CUSIP Number
Howard Amster, 23811 Chagrin Blvd., Suite 200
Beachwood, Ohio 44122-5525, 216 595-1047
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
9/20/05
(Date of Event which Requires Filing of this Statement)
If this filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is
filing this schedule because of 240.13d-1(e) (f) or (g), check the
following box / /.
Note: Scheduled filed in paper format shall include a signed
original and five copies of the schedule including all exhibits.
See 240.13D-7 for other parties to who copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject to the
subject class of securities, and for any subsequent amendment containing
information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities
of that Section of the Act, but shall be subject to all other provisions
of the Act (however see the Notes).
1 Name of Reporting Person Howard Amster
2 If a member group a) / /
b) /X/
3 SEC Use only
4 Source of Funds PF
5 Check if Disclosure
6 Citizenship U.S.A.
Number of Shares 7 Sole Voting 3,382,585
Beneficially
Owned By Each 8 Shared Voting 1,140,015
Reporting Person
With 9 Sole Dispositive 3,382,585
10 Shared Dispositive 1,140,015
11 Aggregate Amount Beneficially owned 3,720,800
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 4.91 %
14 Type of Reporting Person IN
1 Name of Reporting Person Howard M Amster 2005
Charitable Remainder Unitrust
2 If a member group a) / /
b) /X/
3 SEC Use only
4 Source of Funds AF
5 Check if Disclosure
6 Citizenship U.S.A.
Number of Shares 7 Sole Voting
Beneficially
Owned By Each 8 Shared Voting 2,600
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive 2,600
11 Aggregate Amount Beneficially owned 2,600
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 0.00 %
14 Type of Reporting Person OO
1 Name of Reporting Person Amster Limited Partnership
2 If a member group a) / /
b) /X/
3 SEC Use only
4 Source of Funds WC
5 Check if Disclosure
6 Citizenship USA
Number of Shares 7 Sole Voting
Beneficially
Owned By Each 8 Shared Voting 3,600
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive 3,600
11 Aggregate Amount Beneficially owned 3,600
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 0.0 %
14 Type of Reporting Person PN
1 Name of Reporting Person Amster Trading Company
2 If a member group a) / /
b) /X/
3 SEC Use only
4 Source of Funds WC
5 Check if Disclosure
6 Citizenship USA
Number of Shares 7 Sole Voting
Beneficially
Owned By Each 8 Shared Voting 931,315
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive 931,315
11 Aggregate Amount Beneficially owned 140,115
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 0.20 %
14 Type of Reporting Person CO
1 Name of Reporting Person Amster Trading Company
Charitable Remainder Unitrusts
2 If a member group a) / /
b) /X/
3 SEC Use only
4 Source of Funds AF
5 Check if Disclosure
6 Citizenship
Number of Shares 7 Sole Voting
Beneficially
Owned By Each 8 Shared Voting 791,200
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive 791,200
11 Aggregate Amount Beneficially owned 791,200
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 1.04 %
14 Type of Reporting Person OO
1 Name of Reporting Person Samuel J Heller
2 If a member group a) / /
c) /X/
3 SEC Use only
4 Source of Funds PF
5 Check if Disclosure
6 Citizenship U.S.A.
Number of Shares 7 Sole Voting
Beneficially
Owned By Each 8 Shared Voting 8,000
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive 8,000
11 Aggregate Amount Beneficially owned 8,000
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 0.01 %
14 Type of Reporting Person IN
1 Name of Reporting Person Samuel J Heller Irrevocable Trust
2 If a member group a) / /
b) /X/
3 SEC Use only
4 Source of Funds OO
5 Check if Disclosure
6 Citizenship U.S.A.
Number of Shares 7 Sole Voting
Beneficially
Owned By Each 8 Shared Voting 8,000
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive 8,000
11 Aggregate Amount Beneficially owned 8,000
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 0.01 %
14 Type of Reporting Person OO
1 Name of Reporting Person Let's Get Organized, Inc.
2 If a member group a) / /
b) /X/
3 SEC Use only
4 Source of Funds WC
5 Check if Disclosure
6 Citizenship U.S.A.
Number of Shares 7 Sole Voting
Beneficially
Owned By Each 8 Shared Voting 700
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive 700
11 Aggregate Amount Beneficially owned 700
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 0.0 %
14 Type of Reporting Person CO
1 Name of Reporting Person Pleasant Lake Apts. Corp.
2 If a member group a) / /
b) /X/
3 SEC Use only
4 Source of Funds WC
5 Check if Disclosure
6 Citizenship U.S.A.
Number of Shares 7 Sole Voting
Beneficially
Owned By Each 8 Shared Voting 25,000
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive 25,000
11 Aggregate Amount Beneficially owned 25,000
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 0.03 %
14 Type of Reporting Person CO
1 Name of Reporting Person Pleasant Lake Apts. Ltd.
Partnership
2 If a member group a) / /
b) /X/
3 SEC Use only
4 Source of Funds 00
5 Check if Disclosure
6 Citizenship U.S.A.
Number of Shares 7 Sole Voting
Beneficially
Owned By Each 8 Shared Voting 25,000
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive 25,000
11 Aggregate Amount Beneficially owned 25,000
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 0.03 %
14 Type of Reporting Person 00
1 Name of Reporting Person Ramat Securities Ltd.
2 If a member group a) / /
b) /X/
3 SEC Use only
4 Source of Funds WC
5 Check if Disclosure
6 Citizenship U.S.A.
Number of Shares 7 Sole Voting
Beneficially
Owned By Each 8 Shared Voting 169,500
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive 169,500
11 Aggregate Amount Beneficially owned 169,500
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 0.22 %
14 Type of Reporting Person BD
1 Name of Reporting Person Tova Financial, Inc.
2 If a member group a) / /
b) /X/
3 SEC Use only
4 Source of Funds WC
5 Check if Disclosure
6 Citizenship USA
Number of Shares 7 Sole Voting
Beneficially
Owned By Each 8 Shared Voting 13,000
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive 13,000
11 Aggregate Amount Beneficially owned 8,000
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 0.01 %
14 Type of Reporting Person CO
1 Name of Reporting Person Tova Financial, Inc. Charitable
Remainder Unitrust
2 If a member group a) / /
b) /X/
3 SEC Use only
4 Source of Funds AF
5 Check if Disclosure
6 Citizenship
Number of Shares 7 Sole Voting
Beneficially
Owned By Each 8 Shared Voting 5,000
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive 5,000
11 Aggregate Amount Beneficially owned 5,000
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 0.01 %
14 Type of Reporting Person OO
1 Name of Reporting Person ZAK Group LLC
2 If a member group a) / /
b) /X/
3 SEC Use only
4 Source of Funds WC
5 Check if Disclosure
6 Citizenship U.S.A.
Number of Shares 7 Sole Voting
Beneficially
Owned By Each 8 Shared Voting 3,600
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive 3,600
11 Aggregate Amount Beneficially owned 3,600
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 0.0 %
14 Type of Reporting Person OO
1 Name of Reporting Person David Zlatin
2 If a member group a) / /
d) /X/
3 SEC Use only
4 Source of Funds PF
5 Check if Disclosure
6 Citizenship U.S.A.
Number of Shares 7 Sole Voting 7,130
Beneficially
Owned By Each 8 Shared Voting 186,800
Reporting Person
With 9 Sole Dispositive 7,130
10 Shared Dispositive 186,800
11 Aggregate Amount Beneficially owned 188,930
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 0.24 %
14 Type of Reporting Person IN
1 Name of Reporting Person Gilda Zlatin
2 If a member group a) / /
e) /X/
3 SEC Use only
4 Source of Funds PF
5 Check if Disclosure
6 Citizenship U.S.A.
Number of Shares 7 Sole Voting 2,120
Beneficially
Owned By Each 8 Shared Voting 13,000
Reporting Person
With 9 Sole Dispositive 2,120
10 Shared Dispositive 13,000
11 Aggregate Amount Beneficially owned 10,120
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 0.01 %
14 Type of Reporting Person IN
Item 1. Security and Issuer
IMPAC MORTGAGE HOLDINGS, INC.
common stock
IMPAC MORTGAGE HOLDINGS, INC.
1401 Dove Street
Newport Beach, California 92660
949 475-3600
CUSIP Number 45254P102
Item 2. Identity and Background
Howard Amster
a) Howard Amster
b) 23811 Chagrin Blvd., # 200, Beachwood, Ohio 44122-5525
c) Present principal occupation- Real Estate Operator
23811 Chagrin Blvd. # 200, Beachwood, Oh 44122-5525
d) Howard Amster has not been convicted in any criminal proceedings
(excluding traffic violations or similar misdemeanors, if any) within
the last five years.
e) Howard Amster has not been party to any civil proceedings of
a judicial or administrative body or competent jurisdiction of the type
described in Item 2 of Schedule 13D within the last five years.
f) U.S.A.
Howard M Amster 2005 Charitable Remainder Unitrust
Howard M Amster 2005 Charitable Remainder Unitrust has
been funded by Howard Amster . Because Howard Amster
has the right to change the trustee of the trust, he can be
deemed to have the right to shared voting and dispositive power
over any security owned by the trust. While Howard Amster
receives certain income distributions from the trust, the assets
owned by the trust benefits charitable purposes. Howard Amster
disclaims beneficial ownership of the securities owned by the
trust. Howard Amster is the sole trustee of the Howard M
Amster 2005 Charitable Remainder Unitrust, although he has
no pecuniary interest in the trust and therefore disclaims
beneficial ownership of shares owned by the trust.
a) Howard M Amster 2005 Charitable Remainder Unitrust
b) 23811 Chagrin Blvd., # 200
Beachwood, Ohio 44122-5525
c) Charitable Remainder Unitrust
d) Neither Howard Amster or the trustee have been convicted
in any criminal proceedings (excluding traffic violations or
similar misdemeanors, if any) within the last five years.
e) Neither Howard Amster or the trustee have been a party to
any civil proceedings of a judicial or administrative body or
competent jurisdictions of the type described in Item 2 of
Schedule 13D within the last five years.
f) U.S.A.
Amster Limited Partnership
Howard Amster is a 10 % owner and General Partner of Amster
Limited Partnership and as such can be deemed the beneficial owner
of such entity and may be deemed to have shared voting and dispositive
power over shares owned by Amster Limited Partnership.
a) Amster Limited Partnership
b) 23811 Chagrin Blvd., # 200
Beachwood, Ohio 44122-5525
c) Investments
d) Neither the officers, directors or partners of Amster Ltd.
Partnership have been convicted in any criminal proceedings
(excluding traffic violations or similar misdemeanors, if any)
within the last five years.
e) Neither the officers, directors or partners of Amster
Ltd. Partnership have been a party to any civil proceedings of a
judicial or administrative body or competent jurisdictions of the
type described in Item 2 of Schedule 13D within the last five years.
f) U.S.A.
Amster Trading Company
Howard Amster is the 100% owner of Amster Trading Company and
as such can be deemed the beneficial owner of such entity and may be
deemed to have shared voting and dispositive power over shares owned
by Amster Trading Company.
a) Amster Trading Company
b) 23811 Chagrin Blvd., # 200
Beachwood, Ohio 44122-5525
c) Investments
d) Neither the officers, directors, or shareholder of Amster
Trading Company have been convicted in any criminal proceedings
(excluding traffic violations or similar misdemeanors, if any)
within the last five years.
e) Neither the officers, directors, or shareholder of Amster
Trading Company have been a party to any civil proceedings of a
judicial or administrative body or competent jurisdictions of the
type described in Item 2 of Schedule 13D within the last five years.
f) U.S.A.
Amster Trading Company Charitable Remainder Unitrusts
Amster Trading Company Charitable Remainder Unitrusts have
been funded by Amster Trading Company. Because Amster
Trading Company has the right to change the trustee of the
trusts, it can be deemed to have the right to shared voting and
dispositive power over any security owned by the trusts. While
Amster Trading Company receives certain income distributions
from the trusts, the assets owned by the trusts benefits charitable
purposes. Amster Trading Company disclaims beneficial ownership
of the securities owned by these trusts. Howard Amster is the sole
trustee of the Amster Trading Company Charitable Remainder
Unitrusts although he has no pecuniary interest in the trusts and
therefore disclaims beneficial ownership of shares owned by the
trusts.
a) Amster Trading Company Charitable Remainder Unitrusts
b) 23811 Chagrin Blvd., # 200
Beachwood, Ohio 44122-5525
c) Charitable Remainder Unitrusts
d) Neither the officers, directors, or shareholders of Amster
Trading Company have been convicted in any criminal proceedings
(excluding traffic violations or similar misdemeanors, if any)
within the last five years.
e) Neither the officers, directors, or shareholders of Amster
Trading Company have been a party to any civil proceedings of a
judicial or administrative body or competent jurisdictions of the
type described in Item 2 of Schedule 13D within the last five years.
f) U.S.A.
Samuel J Heller
a) Samuel J Heller
b) 1550 N Stapley Drive, # 131
Mesa, Arizona 85203-3710
c) Student
d) Samuel J Heller has not been convicted in any criminal proceedings
(excluding traffic violations or similar misdemeanors, if any) within
the last five years.
e) Samuel J Heller has not been party to any civil proceedings of
a judicial or administrative body or competent jurisdiction of the type
described in Item 2 of Schedule 13D within the last five years.
f) U.S.A.
Samuel J Heller Irrevocable Trust
Howard Amster is a co-trustee of the Samuel J Heller
Irrevocable Trust. Mr. Amster can be deemed to have the
right to shared voting and dispositive power over any security
owned by the trust. Mr. Amster has no pecuniary interest
in the trust and therefore disclaims beneficial ownership of
shares owned by the trust.
a) Samuel J Heller Irrevocable Trust
b) 1550 N Stapley Drive, # 131
Mesa, Arizona 85203-3710
c) Irrevocable Trust
d) Neither Howard Amster as trustee or the other trustees
have been convicted in any criminal proceedings (excluding
traffic violations or similar misdemeanors, if any) within the
last five years.
e) Neither Howard Amster as trustee or the other trustees
have been a party to any civil proceedings of a judicial or
administrative body or competent jurisdictions of the type
described in Item 2 of Schedule 13D within the last five years.
f) U.S.A.
Let's Get Organized, Inc.
David Zlatin is the 100 % owner of Let's Get Organized, Inc. and as such
can be deemed the beneficial owner of such entity and may be deemed to
have shared voting and dispositive power over shares owned by
Let's Get Organized, Inc.
a) Let's Get Organized, Inc.
b) 2542 Biscayne Blvd.
Beachwood, Ohio 44122-1773
c) Investments
d) Neither the officers, directors, or shareholder of Let's Get
Organized, Inc. have been convicted in any criminal proceedings
(excluding traffic violations or similar misdemeanors, if any)
within the last five years.
e) Neither the officers, directors, or shareholder of Let's Get
Organized, Inc. have been a party to any civil proceedings of a
judicial or administrative body or competent jurisdictions of the
type described in Item 2 of Schedule 13D within the last five years.
f) U.S.A.
Pleasant Lake Apts. Corp.
Howard Amster is the100 % owner of Pleasant Lake Apts. Corp.
and as such can be deemed the beneficial owner of such entity
and may be deemed to have shared voting and dispositive power
over shares owned by Pleasant Lake Apts. Ltd. Corp.
a) Pleasant Lake Apts. Corp.
b) 23811 Chagrin Blvd., # 200
Beachwood, Ohio 44122-5525
c) Investments
d) Neither the officers, directors or shareholder of Pleasant
Lake Apts. Corp. have been convicted in any criminal proceedings
(excluding traffic violations or similar misdemeanors, if any)
within the last five years.
e) Neither the officers, directors or shareholder of Pleasant
Lake Apts. Corp. have been a party to any civil proceedings of a
judicial or administrative body or competent jurisdictions of the
type described in Item 2 of Schedule 13D within the last five years.
f) U.S.A.
Pleasant Lake Apts. Ltd. Partnership
Howard Amster is the 99.75 % owner of Pleasant Lake Apts. Ltd.
Partnership and as such can be deemed the beneficial owner of
such entity and may be deemed to have shared voting and dispositive
power over shares owned by Pleasant Lake Apts. Ltd. Partnership.
Pleasant Lake Apts. Corp. is the General Partner of Pleasant
Lake Apts. Ltd. Partnership and as such can be deemed the
beneficial owner of such entity and may be deemed to have shared
voting and dispositive power over shares owned by Pleasant Lake
Apts. Ltd. Partnership.
a) Pleasant Lake Apts. Ltd. Partnership
b) 7530 Lucerne Drive, # 101
Middleburg Heights, Ohio 44130
c) Real Estate
d) Neither the officers, directors or partners of Pleasant Lake
Apts. Ltd. Partnership have been convicted in any criminal proceedings
(excluding traffic violations or similar misdemeanors, if any)
within the last five years.
e) Neither the officers, directors or partners of Pleasant Lake
Apts. Ltd. Partnership have been a party to any civil proceedings of a
judicial or administrative body or competent jurisdictions of the
type described in Item 2 of Schedule 13D within the last five years.
f) U.S.A.
Ramat Securities Ltd., 23811 Chagrin Blvd., # 200, Beachwood, Ohio 44122
Securities Firm
David Zlatin and Howard Amster are the unitholders of Ramat
Securities Ltd., an Ohio Limited Liability Company.
David Zlatin is a 17 % owner/principal of Ramat Securities Ltd.
and has joint control of voting and dispositive power over all
securities owned by Ramat Securities Ltd. While David Zlatin
directly or indirectly or indirectly does not beneficially owner 5 %
of Impac Mortgage Holdings, Inc., he because of such voting and
dispositive power, might be deemed a beneficial owner of these
shares owned by Ramat Securities Ltd.
Howard Amster is an 83 % owner/principal of Ramat Securities Ltd.
He has joint voting or dispositive power over any securities owned by
Ramat Securities Ltd., but by being an 83 % owner can be deemed a
beneficial owner of all securities owned by Ramat Securities Ltd.
d) Neither the members or unitholders of Ramat Securities Ltd. have
been convicted in any criminal proceedings (excluding traffic
violations or similar misdemeanors, if any) within the last five years.
e) Neither the members or unitholders of Ramat Securities Ltd.
have been a party to any civil proceedings of a judicial or
administrative body or competent jurisdictions of the type described
in Item 2 of Schedule 13D within the last five years.
f) U.S.A.
Tova Financial, Inc.
David Zlatin is a 50 % owner of Tova Financial, Inc. and as such can
be deemed the beneficial owner of such entity and may be deemed to
share shared voting and dispositive power over shares owned by
Tova Financial, Inc.
Gilda Zlatin is a 50 % owner of Tova Financial, Inc. and as such can
be deemed the beneficial owner of such entity and may be deemed to
share shared voting and dispositive power over shares owned by
Tova Financial, Inc.
a) Tova Financial, Inc.
b) 2562 Biscayne Blvd.
Beachwood, Ohio 44122-1773
c) Investments
d) Neither the officers, directors or shareholders of Tova Financial
Inc. have been convicted in any criminal proceedings
(excluding traffic violations or similar misdemeanors, if any)
within the last five years.
e) Neither the officers, directors or shareholders of Tova Financial
Inc. have been a party to any civil proceedings of a
judicial or administrative body or competent jurisdictions of the
type described in Item 2 of Schedule 13D within the last five years.
f) U.S.A.
Tova Financial, Inc., Charitable Remainder Unitrust
Tova Financial, Inc., Charitable Remainder Unitrust has been
Funded by Toval Financial, Inc. Because Tova Financial, Inc.
has the right to change the trustee of the trust, it can be deemed
to have the right to shared voting and dispositive power over
any security owned by the trust. While Tova Financial, Inc.
receives certain income distributions from the trust, the assets
owned by the trust benefits charitable purposes. Tova Financial
Inc. disclaims beneficial ownership of the securities owned by
the trust. David Zlatin and Gilda Zlatin are co-trustees of the
Tova Financial, Inc. Charitable Remainder Unitrust, although
they have no pecuniary interest in the trust and therefore disclaim
beneficial ownership of shares owned by the trust.
a) Tova Financial, Inc., Charitable Remainder Unitrust
b) 2562 Biscayne Blvd.
Beachwood, Ohio 44122-1773
c) Charitable Remainder Unitrust
d) Neither the officers, directors, or shareholders of Tova
Financial, Inc. have been convicted in any criminal proceedings
(excluding traffic violations or similar misdemeanors, if any)
within the last five years.
e) Neither the officers, directors, or shareholders of Tova
Financial, Inc. have been a party to any civil proceedings of a
judicial or administrative body or competent jurisdictions of the
type described in Item 2 of Schedule 13D within the last five years.
ZAK Group LLC
David Zlatin is a 36 % owner of ZAK Group LLC and as such can be
deemed to be a beneficial owner of such entity and may be deemed to have
shared voting and dispositive power shares owned by ZAK Group LLC.
Amster Limited Partnership is a 28 % owner of ZAK Group LLC and as
such can be deemed to be a beneficial owner of such entity and may be
deemed to have shared voting and dispositve power owned by ZAK
Group LLC.
a) ZAK Group LLC
b) 221 Allynd Blvd., Chardon, Ohio 44024-1010
c) Investments
d) Neither the officers, directors or members of ZAK Group LLC
have been convicted in any criminal proceedings (excluding traffic
violations or similar misdemeanors, if any) within the last five years.
e) Neither the officers, directors or members of ZAK Group LLC
have been a party to any civil proceedings of a judicial or administrative
body of competent jurisdiction of the type described in Item 2 of
Schedule 13D within the last five years.
David Zlatin
David Zlatin and Gilda Zlatin are husband and wife. Except for Tova
Financial, Inc., and Tova Financial, Inc. Charitable Remainder
Unitrust, each disclaims any shared voting and dispositive power
over shares of Impac Mortgage Holdings, Inc. that each may own
as a beneficial owner.
a) David Zlatin
b) 2562 Biscayne Blvd., Beachwood, Ohio 44122-1773
c) Present principal occupation- Principal, Ramat Securities Ltd.,
securities firm- 23811 Chagrin Blvd. # 200, Beachwood, Oh 44122-5525
d) David Zlatin has not been convicted in any criminal proceedings
(excluding traffic violations or similar misdemeanors, if any) within
the last five years.
e) David Zlatin has not been party to any civil proceedings of
a judicial or administrative body or competent jurisdiction of the type
described in Item 2 of Schedule 13D within the last five years.
Gilda Zlatin
David Zlatin and Gilda Zlatin are husband and wife. Except for Tova
Financial, Inc., and Tova Financial, Inc. Charitable Remainder
Unitrust, each disclaims any shared voting and dispositive power
over shares of Impac Mortgage Holdings, Inc. that each may own
as a beneficial owner.
a) Gilda Zlatin
b) 2562 Biscayne Blvd., Beachwood, Ohio 44122-1773
c) Present principal occupation- Teacher
On leave/sabbatical.
d) Gilda Zlatin has not been convicted in any criminal proceedings
(excluding traffic violations or similar misdemeanors, if any) within
the last five years.
e) Gilda Zlatin has not been party to any civil proceedings of
a judicial or administrative body or competent jurisdiction of the type
described in Item 2 of Schedule 13D within the last five years.
For information purposes only:
Tamra F. Gould, a registered representative of Ramat Securities
Ltd. is not an owner of Ramat Securities Ltd. and accordingly,
has no shared voting, no dispositive power, no pecuniary interest
in Registrant's common shares nor to any other securities owned
by Ramat Securities Ltd. Ms. Gould disclaims being a member
of this group. Ms. Gould owns directly or indirectly 27,300
common shares of Impac Mortgage, Inc. or 0.04 % of the
Registrant's common shares with sole voting and dispositive
power over these shares. Ramat Securities Ltd. has no voting,
no dispositive power, nor pecuniary interest in Registrant's
common shares nor to any other securities owned directly or
indirectly by Ms. Gould.
Item 3. Source and Amount of Funds or Other Consideration
Howard Amster, in his personal and individual retirement accounts
purchased all 3,382,585 common shares with personal funds without
borrowing. The total consideration for the purchases is
is $ 58,417,527.42.
Howard M Amster 2005 Charitable Remainder Unitrust purchased
all 2,600 common shares with trust assets without borrowing. The
total consideration for the purchase was $ 33,152.37.
Amster Trading Company purchased all 140,115 common shares
with working capital without borrowing. The total consideration
for these purchases is $ 2,602,897.94.
Amster Trading Company Charitable Remainder Unitrusts purchased
all 791,200 common shares with trust assets without borrowing.
The total consideration for these purchases is $ 12,163,922.35.
Samuel J Heller Irrevocable Trust purchased all 8,000 common
shares with trust assets without borrowing. The total
consideration for these purchase is $ $ 41,544.50.
Let's Get Organized, Inc. purchased all 700 common shares with
working capital without borrowing. The total consideration
for the purchase is $ 13,426.48.
Pleasant Lake Apts. Ltd. Partnership purchased all 25,000 common
shares with partnership funds without borrowing. The total
consideration for these purchases is $ 145,605.53
Ramat Securities Ltd. purchased all 169,500 common shares
with working capital without borrowing. The total consideration
for these purchases is $ 882,505.20.
Tova Financial, Inc. purchased all 8,000 common shares
with working capital without borrowing. The total consideration
for these purchases is $ 162,811.60.
Tova Financial, Inc. Charitable Remainder Unitrust purchased
all 5,000 common shares with trust assets without borrowing.
The total consideration for the purchase is $ 111,644.50.
ZAK Group LLC purchased all 3,600 common shares
with working capital without borrowing. The total consideration
for the purchase is $ 71,140.46. .
David Zlatin , in his individual retirement and K accounts purchased
all 7,130 common shares with personal funds and without
borrowing. The total consideration for the purchases is $ 144,846.49.
Gilda Zlatin in her individual retirement account purchased
All 2,120 common shares with personal funds and without
borrowing. The total consideration for the purchases is $ 43,263.29.
Item 4. Purpose of Transaction
Howard Amster, Howard M Amster 2005 Charitable Remainder
Unitrust, Amster Limited Partnership, Amster Trading Company,
Amster Trading Company Charitable Remainder Unitrusts,
Samuel J Heller, Samuel J. Heller Irrevocable Trust,
Let's Get Organized Inc., Pleasant Lake Apts. Corp.,
Pleasant Lake Apts. Ltd. Partnership, Ramat Securites Ltd.,
Tova Financial, Inc., Tova Financial Inc. Charitable Remainder
Unitrust, Zak Group Ltd., David Zlatin, Gilda Zlatin acquired
their shares for purposes of investment and may deemed to
be a group.
There are no present plans or proposals by this group of
record or the beneficial owners as reported in this Schedule 13D which
relates to or would result in the following:
a. The acquisition by any person of additional securities of the
issuer, or the disposition of securities of the issuer provided, however,
the reporting persons might acquire additional shares or other securities
of the issuer or dispose of some or all of their shares depending upon
market conditions and their personal circumstances;
b. An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the issuer or any of its
subsidiaries;
c. A sale or transfer or a material amount of assets of the issuer or
any of its subsidiaries;
d. Any change in the present board of directors or management of the
issuer, including any plans or proposals to change the number of the terms
of directors or to fill any existing vacancies on the board;
e. Any material change in the present capitalization or
dividend policy of the issuer;
f. Any other material in the issuer's business or corporate structure;
g. Changes in the issuer's charter, bylaws or instruments corresponding
thereto or other actions which may impede the acquisition of control of
the issuer by any person;
h. Causing a class of securities of the issuer to be delisted from a
national securities exchange or cease to be authorized to be quoted in
an inter-dealer quotation system of a registered national securities
association;
i) A class of equity securities of the issuer becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the Act; or
j. Any action similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer
The outstanding common shares of the Issuer is 75,732,094 shares.
Refer to 10-Q/A for quarterly period ending June 30, 2005.
(a)(b) The aggregate amount owned by this Reporting Group is
4,545,550 shares or 6.00 % of the outstanding shares.
Howard Amster in his name and individual retirement accounts
owns 3,382,585 shares or 4.47 % of the common outstanding shares.
Howard M Amster 2005 Charitable Remainder Unitrust owns
2,600 shares or 0.00 % of the common outstanding shares.
Amster Trading Company owns 140,115 shares or
0.20 % of the common outstanding shares.
Amster Trading Company Charitable Remainder Unitrusts
own 791,200 shares or 1.04 % of the common outstanding shares.
Samuel J Heller Irrevocable trust owns 8,000 shares
or 0.01 % of the common outstanding shares.
Let's Get Organized, Inc. owns 700 shares or 0.00 %
of the common outstanding shares.
Pleasant Lake Apts. Ltd. Partnership owns 25,000 common
shares or 0.03 % of the common outstanding shares.
Ramat Securities Ltd. owns 169,500 common shares or
0.22 % of the common outstanding shares.
Tova Financial, Inc. owns 8,000 common shares
or 0.01 % of the common outstanding shares.
Tova Financial, Inc. Charitable Remainder Unitrust
owns 5,000 or 0.01 % of the common outstanding shares.
ZAK Group LLC owns 3,600 common shares or
0.00 % of the common outstanding shares.
David Zlatin owns 7,130 common shares or
0.01 % of the common outstanding shares.
Gilda Zlatin owns 2,120 common shares or
0.00 % of the common outstanding shares.
c) Description of Transactions
All purchases were executed on a listed stock exchange
as an open market transaction.
Executing
Identity Date Shares Price Broker
Howard Amster 12/28/98 30,000 4.3733 Everen Securities
and his 12/29/98 6,310 4.2021 Everen Securities
Individual 05/03/99 18,000 5.3125 Everen Securities
Retirement Accounts 09/27/99 4,400 4.6335 Everen
Securities
09/28/99 6,600 4.5625 Everen Securities
09/30/99 9,000 4.6875 Everen Securities
03/01/00 5,300 3.1875 Bear, Stearns
03/30/00 9,800 3.4375 Bear, Stearns
03/31/00 14,500 3.50 Bear, Stearns
04/03/00 1,800 3.4375 Bear, Stearns
04/04/00 1,500 3.4375 Bear, Stearns
04/05/00 7,000 3.50 Bear, Stearns
04/07/00 17,000 3.4743 Bear, Stearns
04/11/00 13,100 3.50 Bear, Stearns
04/12/00 10,000 3.4687 Bear, Stearns
04/13/00 13,600 3.3732 Bear, Stearns
04/14/00 31,900 3.2833 Bear, Stearns
04/17/00 60,500 3.1451 Bear, Stearns
09/29/00 8,500 2.559 Bear, Stearns
10/02/00 2,000 2.64 Bear, Stearns
10/03/00 2,000 2.64 Bear, Stearns
10/04/00 4,000 2.60 Bear, Stearns
10/10/00 5,200 2.4725 Bear, Stearns
10/11/00 8,000 2.3625 Bear, Stearns
10/12/00 3,800 2.36 Bear, Stearns
10/16/00 4,300 2.3093 Bear, Stearns
10/17/00 3,000 2.35 Bear, Stearns
10/18/00 1,500 2.28 Bear, Stearns
10/18/00 3,800 2.30 Bear, Stearns
11/07/00 1,000 2.35 Bear, Stearns
11/08/00 4,000 2.282 Bear, Stearns
11/09/00 37,400 2.105 Bear, Stearns
11/10/00 11,400 2.1254 Bear, Stearns
11/13/00 22,200 2.07 Bear, Stearns
11/15/00 9,300 2.016 Bear, Stearns
11/16/00 21,500 2.0762 Bear, Stearns
11/16/00 4,500 2.08 Bear, Stearns
11/22/00 1,600 1.91 Bear, Stearns
12/01/00 56,500 1.96 Bear, Stearns
03/11/04 42,600 22.8242 Bear, Stearns
03/12/04 10,000 23.229 Bear, Stearns
04/08/04 3,500 22.0372 Bear, Stearns
04/08/04 13,100 22.0373 Bear, Stearns
04/12/04 22,700 19.8022 Bear, Stearns
04/13/04 4,100 19.5212 Bear, Stearns
04/14/04 232,230 19.0616 Bear, Stearns
04/15/04 367,000 19.0716 Bear, Stearns
04/16/04 101,000 20.2394 Bear, Stearns
04/19/04 28,800 20.1471 Bear, Stearns
04/20/04 186,300 19.4631 Bear, Stearns
04/21/04 206,700 19.1454 Bear, Stearns
04/23/04 90,800 19.8418 Bear, Stearns
04/26/04 46,100 19.5752 Bear, Stearns
04/26/04 3,700 19.6435 Wachovia
04/27/04 72,700 19.8961 Bear, Stearns
04/28/04 35,100 19.7537 Bear, Stearns
04/29/04 79,300 18.8703 Bear, Stearns
04/30/04 50,000 18.9163 Bear, Stearns
05/03/04 6,600 18.6108 Bear, Stearns
06/08/04 47,745 20.3967 Bear, Stearns
07/15/04 54,000 22.1353 Bear, Stearns
07/16/04 20,500 22.4267 Bear, Stearns
07/19/04 32,000 22.6921 Bear, Stearns
09/29/04 2,000 25.4745 Bear, Stearns
09/30/04 1,600 26.2119 Bear, Stearns
10/25/04 6,000 21.8398 Bear, Stearns
10/25/04 160,000 21.9704 Bear, Stearns
10/26/04 34,700 21.8621 Bear, Stearns
10/27/04 1,330 22.2275 Bear, Stearns
10/29/04 2,390 22.9537 Bear, Stearns
10/29/04 1,800 22.8179 Bear, Stearns
11/01/04 9,400 22.682 Bear, Stearns
11/05/04 99,700 23.0016 Bear, Stearns
11/08/04 113,000 22.8526 Bear, Stearns
11/09/04 105,100 23.1421 Bear, Stearns
11/10/04 16,300 23.104 Bear, Stearns
12/01/04 3,000 23.7139 Bear, Stearns
12/23/04 10,900 22.8152 Bear, Stearns
12/23/04 350 22.84 Bear, Stearns
12/27/04 3,900 22.6144 Bear, Stearns
12/30/04 22,900 22.8334 Bear, Stearns
12/31/04 60,000 22.8012 Bear, Stearns
01/03/05 32,000 22.7308 Bear, Stearns
01/04/05 8,000 22.20 Bear, Stearns
01/06/05 12,400 21.2473 Bear, Stearns
01/07/05 22,100 21.4262 Bear, Stearns
01/10/05 25,500 21.3461 Bear, Stearns
01/11/05 4,800 21.2496 Bear, Stearns
01/12/05 5,300 20.9081 Bear, Stearns
01/13/05 5,000 21.5846 Bear, Stearns
01/14/05 20,000 21.7369 Bear, Stearns
08/11/05 18,830 13.7092 Bear, Stearns
08/17/05 600 13.05 Bear, Stearns
09/20/05 300,000 12.7414 Bear, Stearns
09/26/05 26,000 12.1664 Bear, Stearns
09/27/05 15,000 12.206 Bear, Stearns
09/28/05 300 12.2027 Bear, Stearns
Howard M Amster 08/11/05 900 13.7092 Bear, Stearns
2005 Charitable 09/28/07 1,700 12.2027 Bear, Stearns
Remainder Unitrust
Amster Trading 06/22/99 15,200 5.4375 Everen Securities
Company 06/23/99 10,800 5.50 Everen Securities
04/08/04 14,000 22,0373 Bear, Stearns
04/13/04 41,100 19.5212 Bear, Stearns
12/23/04 59,015 22.84 Bear, Stearns
Amster Trading 04/08/04 350 22.0373 Bear, Stearns
Company 04/12/04 98,700 19.8022 Bear, Stearns
Charitable 04/13/04 14,800 19.5212 Bear, Stearns
Remainder 04/15/04 7,945 19.0716 Bear, Stearns
Unitrusts 04/27/04 32,500 19.8961 Bear, Stearns
04/28/04 21,200 19.7537 Bear, Stearns
10/15/04 4,800 24.8396 Bear, Stearns
10/29/04 200 22.9537 Bear, Stearns
04/29/04 3,700 18.8703 Bear, Stearns
04/30/04 60,000 18.9163 Bear, Stearns
06/08/04 19,700 20.3967 Bear, Stearns
09/28/04 4,200 26.0676 Bear, Stearns
10/21/04 6,300 23.4473 Bear, Stearns
10/22/04 2,200 22.5595 Bear, Stearns
10/29/04 3,710 22.9537 Bear, Stearns
11/10/04 26,300 23.104 Bear, Stearns
08/11/05 25,795 13.7092 Bear, Stearns
09/27/05 429,800 12.206 Bear, Stearns
09/28/05 29,000 12.2027 Bear, Stearns
Samuel J Heller 11/08/99 7,500 4.125 First, Union
Irrevocable Trust 06/09/04 500 20.581 Bear, Stearns
Let's Get Organized 04/29/04 700 19.1314 Bear, Stearns
Inc.
Pleasant Lake 11/02/98 23,000 4.6893 Everen
Securities
Apts. Ltd. 05/03/04 2,000 18.6108 Bear, Stearns
Partnership
Ramat Securities 10/16/98 13,400 3.8651 Everen Securities
Ltd. 11/02/98 25,000 4.7059 Everen Securities
01/12/99 18,500 4.7083 Everen Securities
01/13/99 4,100 4.6532 Everen Securities
03/04/99 5,000 5.5855 Everen Securities
04/28/99 22,000 5.7586 Everen Securities
07/01/99 9,000 5.5238 Everen Securities
08/07/00 5,500 2.7102 Bear, Stearns
08/21/00 1,300 2.625 Bear, Stearns
08/30/00 3,000 2.6875 Bear, Stearns
10/13/00 2,000 2.38 Bear, Stearns
11/24/00 500 1.92 Bear, Stearns
11/27/00 700 1.96 Bear, Stearns
12/01/00 40,000 1.96 Bear, Stearns
04/08/04 1,000 21.7266 Bear, Stearns
10/20/04 500 21.80 Bear, Stearns
10/25/04 2,000 21.525 Bear, Stearns
08/16/05 16,000 13.4375 Bear, Stearns
Tova Financial, Inc. 04/14/04 1,500 19.0616 Bear, Stearns
04/15/04 3,500 19.0716 Bear, Stearns
07/16/04 3,000 22.4267 Bear, Stearns
Tova Financial, Inc. 01/20/05 5,000 22.312 Bear, Stearns
Charitable Remainder
Unitrust
ZAK Group LLC 04/22/04 3,600 19.7436 Bear, Stearns
David Zlatin 06/08/04 4,000 20.373 Bear, Stearns
in his various 06/09/04 2,150 20.5679 Bear, Stearns
individual & K 06/14/04 980 19.35 Bear, Stearns
retirement accounts
Gilda Zlatin 06/08/04 2,000 20.373 Bear, Stearns
in her individual 06/09/04 100 20.5679 Bear, Stearns
retirement account 06/14/04 20 19.35 Bear,
Stearns
Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer.
There are no contracts, arrangements, understandings or relationships
with respect to securities of the Issuer with any person except as set
forth in items 2, 3, 5 above.
Item 7. Material to be filed as exhibits.
None
Signature After reasonable inquiry and to the best of our knowledge
and belief, we certify that the information set forth in this
statement is true, complete and correct.
Date: September 28, 2005
/s/
Howard Amster
/s/
Howard M Amster 2005 Charitable Remainder Unitrust
By: Howard Amster
Title: Trustee
/s/
Amster Limited Partnership
By: Howard Amster
Title: General Partner
/s/
Amster Trading Company
By: Howard Amster
Title: President
/s/
Amster Trading Company Charitable Remainder Unitrusts
By: Howard Amster
Title: Trustee
/s/
Samuel J Heller
/s/
Samuel J Heller Irrevocable Trust
By: Howard Amster
Title: Trustee
/s/
Let's Get Organized Inc.
By: David Zlatin
Title: President
/s/
Pleasant Lake Apts. Corp.
By: Howard Amster
Title: President
/s/
Pleasant Lake Apts. Ltd. Partnership
By: Pleasant Lake Apts. Corp., Howard Amster, President
Title: Its General Partner
/s/
Ramat Securities Ltd.
By: David Zlatin
Title: Principal
/s/
Tova Financial, Inc.
By: David Zlatin
Title: President
/s/
Tova Financial , Inc. Charitable Remainder Unitrust
By: David Zlatin & Gilda Zlatin
Title: Co-trustees
/s/
Zak Group LLC
By: David Zlatin
Title: Member
/s/
David Zlatin
/s/
Gilda Zlatin