FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

TAYLOR TODD R. 		2. Issuer Name and Ticker or Trading Symbol

IMPAC MORTGAGE HOLDINGS INC [ IMH ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chief Financial Officer
(Last)          (First)          (Middle)

19500 JAMBOREE ROAD 		3. Date of Earliest Transaction (MM/DD/YYYY)

8/30/2017
(Street)

IRVINE, CA 92612
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock                  358   I   401K  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Incentive Stock Option (right to buy)   $0.53                    6/9/2010   (1) 6/9/2019   Common Stock   10000     10000   D    
Non Qualified Stock option (right to buy)   $13.81                    11/27/2013   (1) 11/27/2022   Common Stock   24000     24000   D    
Non Qualified Stock option (right to buy)   $10.65                    7/23/2014   (2) 7/23/2023   Common Stock   22000     22000   D    
Non Qualified Stock option (right to buy)   $5.39                    7/22/2015   (3) 7/22/2024   Common Stock   29000     29000   D    
Non Qualified Stock Option (right to buy)   $20.50                    7/21/2016   (4) 7/21/2025   Common Stock   25700     25700   D    
Non Qualified Stock Option (right to buy)   $17.40                    7/19/2017   (5) 7/19/2026   Common Stock   24000     24000   D    
Non Qualified Stock Option (right to buy)   $13.72   8/30/2017     A      24000       8/30/2018   (6) 8/30/2027   Common Stock   24000   $0   24000   D    

Explanation of Responses:
(1)  These options are fully vested.
(2)  The awards vest annually in 1/3 increments beginning on July 23, 2014.
(3)  The awards vest annually in 1/3 increments beginning on July 22, 2015.
(4)  The awards vest annually in 1/3 increments beginning on July 21, 2016.
(5)  The awards vest annually in 1/3 increments beginning on July 19, 2017.
(6)  The awards vest annually in 1/3 increments beginning on August 30, 2018.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
TAYLOR TODD R.
19500 JAMBOREE ROAD
IRVINE, CA 92612

Chief Financial Officer

Signatures
Todd R. Taylor 8/30/2017
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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