ADAMAS TRUST, INC. — Director's Dealing 2011

Jan 5, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NEW YORK MORTGAGE TRUST INC (NYMT)
CIK: 0001273685
Period of Report: 2011-01-03

Reporting Person: Norcutt Steven G (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-03	Common Stock, par value $.01 per share	A	1500.0000	$6.9500	Acquired	10833.0000	Direct

Footnotes

F1: Represents shares of common stock issued pursuant to the New York Mortgage Trust, Inc. 2010 Stock Incentive Plan. The reporting person elected to receive such shares in lieu of a portion of his annual cash compensation.