Item 8.01 Other Events

On June 7, 2012, the Board of Directors ("Board") of Vestin Realty Mortgage II, Inc. ("Company") approved the adoption of a prearranged stock repurchase plan intended to qualify for the safe harbor under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended ("10b5-1 Plan"). The 10b5-1 Plan will become effective on the third business day following the earlier of (i) completion of the proposed acquisition by the Company of Vestin Realty Mortgage I, Inc. ("VRTA") in a stock for stock merger pursuant to a definitive merger agreement dated May 30, 2012 (the "Merger Agreement"), (ii) a vote by the shareholders of the Company or VRTA to reject the proposed Merger or (iii) termination of the Merger Agreement by VRTA. The 10b5-1 Plan will terminate twelve months after its effective date, unless terminated sooner in accordance with its terms. Purchases may be made in the open market or through privately negotiated transactions in support of the Company's stock repurchase plan. Purchases in the open market will be made in compliance with Rule 10b-18 under the Securities Exchange Act of 1934. The Company is authorized to purchase up to $5,200,000 of its common stock pursuant to the 10b5-1 Plan.

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