OMB Number 3235-0145
United States
Securities and Exchange Commission
Washington DC 20549
Schedule 13D/A
Under the Securities and Exchange Act of 1934
Amendment No. 4
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.
October 29, 2008
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 3,085,220
Beneficially
Owned By Each 8 Shared Voting 715,380
Reporting Person
With 9 Sole Dispositive 3,085,220
10 Shared Dispositive 715,380
11 Aggregate Amount Beneficially owned 3,085,220
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 4.05 %
14 Type of Reporting Person IN
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 715,380
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive 715,380
11 Aggregate Amount Beneficially owned
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 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 USA
Number of Shares 7 Sole Voting
Beneficially
Owned By Each 8 Shared Voting 715,380
Reporting Person
With 9 Sole Dispositive
10 Shared Dispositive 715,380
11 Aggregate Amount Beneficially owned 715,380
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 0.94 %
14 Type of Reporting Person OO
This is the fourth amendment to Schedule 13D for IMPAC
Mortgage Holdings, Inc. common shares.
Item 4. Purpose of Transaction
The following member group decreased their holdings and ceased
to be beneficial owners of more than five percent of the common
stock of IMPAC Mortgage Holdings Inc.
Howard Amster
Amster Trading Company,
Amster Trading Company Charitable Remainder Unitrusts
Item 5. Interest in Securities of the Issuer
Issuer's Form 10-Q/A Amendment No. 1 for fiscal year
ending June 30, 2008 references 76,096,392 shares of
common stock outstanding as of September 12, 2008.
(a)(b) The aggregate amount owned by this Reporting Group is
3,800,600 shares or 4.99 % of the outstanding shares.
Howard Amster in his name and individual retirement accounts
owns 3,085,220 shares or 4.05 % of the common outstanding shares.
Amster Trading Company Charitable Remainder Unitrusts
own 715,380 shares or 0.94 % of the common outstanding shares.
c) Description of Transactions
Executed over the counter as open market
transactions with JP Morgan Clearing Corp.
Identity Date Shares Price
Sells
Howard Amster 10/20/08 3,400 .1824
10/21/08 140,600 .2679
10/23/08 24,700 .2302
10/24/08 9,900 .2093
10/27/08 7,900 .1907
10/28/08 252,000 .1906
10/29/08 57,280 .1815
10/30/08 154,670 .175
Amster Limited 10/30/08 2,400 .175
Partnership
Amster Trading 10/29/08 545,720 .1815
Company
Amster Trading Co 10/30/08 93,430 .175
CRUTs 10/31/08 274,430 .1753
11/03/08 65,925 .1821
11/04/08 127,300 .1855
11/05/08 32,800 .1709
11/06/08 165,400 .1576
Samuel Heller Trust 10/30/08 12,000 .175
Pleasant Lake 10/30/08 19,500 .175
Apts. Corp.
Pleasant Lake Apts. 10/30/08 25,000 .175
Ltd. Partership
e) This member group ceased to be
beneficial owners of more than five percent of
IMPAC Mortgage Holdings, Inc. common
on November 6, 2008.
These former members sold their IMPAC
Mortgage Holdings, Inc. common shares and
are not part of this member group.
Amster Limited Partnership
Samuel Heller
Samuel Heller Trust
Pleasant Lake Apts. Corporation
Pleasant Lake Apts. Ltd. Partnership
They disclaim ownership, shared voting, dispositive,
pecuniary interest in any IMPAC Mortgage Holdings,
Inc. common shares owned by the current filers.
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: November 6, 2008
/s/
Howard Amster
/s/
Amster Trading Company
By: Howard Amster
Title: President
/s/
Amster Trading Company Charitable Remainder Unitrusts
By: Howard Amster
Title: Trustee