ADAMAS TRUST, INC. — Director's Dealing 2011

May 13, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NEW YORK MORTGAGE TRUST INC (NYMT)
CIK: 0001273685
Period of Report: 2011-05-10

Reporting Person: Osborne Daniel K (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-10	Common Stock, par value $.01 per share	A	2000	—	Acquired	11000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $.01 per share	10000	Indirect

Footnotes

F1: Mr. Osborne is the managing member of Vantage Pointe Capital LLC, the general partner of Vantage Pointe Capital Partners LP.