ADAMAS TRUST, INC. — Director's Dealing 2011

Jul 15, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NEW YORK MORTGAGE TRUST INC (NYMT)
CIK: 0001273685
Period of Report: 2011-07-13

Reporting Person: Norcutt Steven G (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-07-13	Common Stock, par value $.01 per share	A	1337	$7.48	Acquired	15201	Direct

Footnotes

F1: Represents shares of common stock issued pursuant to the New York Mortgage Trust, Inc. 2010 Stock Incentive Plan. In accordance with the Company's compensation program for its independent directors, the reporting person elected to receive such shares in lieu of a cash payment of $10,000, which represents a portion of the reporting person's annual cash compensation as a director of the Company. The number of shares issued was based on the closing sales price of the Company's common stock on July 13, 2011, or $7.48 per share.