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 *

ASHMORE WILLIAM 		2. Issuer Name and Ticker or Trading Symbol

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

__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
President and Director
(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                  4153   I   401K  
Common Stock                  2342   I   PSP  
Common Stock                  87967   I   Trust  

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
Non Qualified Stock Option (right to buy)   $2.73                    12/3/2011   (1) 12/3/2020   Common Stock   16000     16000   D    
Non Qualified Stock Option (right to buy)   $13.81                    11/27/2013   (1) 11/27/2022   Common Stock   29250     29250   D    
Non Qualified Stock Option (right to buy)   $10.65                    7/23/2014   (2) 7/23/2023   Common Stock   25000     25000   D    
Non Qualified Stock Option (right to buy)   $5.39                    7/22/2015   (3) 7/22/2024   Common Stock   38500     38500   D    
Non Qualified Stock Option (right to buy)   $20.50                    7/21/2016   (4) 7/21/2025   Common Stock   34200     34200   D    
Non Qualified Stock Option (right to buy)   $17.40                    7/19/2017   (5) 7/19/2026   Common Stock   32000     32000   D    
Non Qualified Stock Option (right to buy)   $13.72   8/30/2017     A      30000       8/30/2018   (6) 8/30/2027   Common Stock   30000   $0   30000   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
ASHMORE WILLIAM
19500 JAMBOREE ROAD
IRVINE, CA 92612 		X
President and Director

Signatures
William Ashmore 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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