SEC Form 4 · accession 0001246360-15-000148
JMP GROUP LLC · JMP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph A Jolson
Officer — CEO · Director · 10% Owner
Period of report
Dec 31, 2014
Accepted (ET)
Jan 5, 2015 · 7:42 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001302350
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF4,F5 | Dec 31, 2014 | M | 86,475 | $0.00 | A | 157,923 | D | |
| Common SharesF6 | Dec 31, 2014 | M | 12,019 | $0.00 | A | 169,942 | D | |
| Common SharesF7 | Dec 31, 2014 | M | 82,901 | $0.00 | A | 252,843 | D | |
| Common SharesF12 | Dec 31, 2014 | F | 76,341 | $0.00 | D | 176,502 | D | |
| Common SharesF1 | holding | — | — | — | 75,000 | I | By Foundation | |
| Common SharesF2 | holding | — | — | — | 2,468,503 | I | By Jolson 1991 Trust | |
| Common SharesF3 | holding | — | — | — | 1,280,687 | I | By Jolson 1996 Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF8,F9,F10 | — | Dec 31, 2014 | M | 12,019 | D | — | — | Common Shares | 12,019 | 252,279 | D |
| Restricted Stock UnitF8,F9,F10 | — | Dec 31, 2014 | M | 86,475 | D | — | — | Common Shares | 86,475 | 165,804 | D |
| Restricted Stock UnitF8,F9,F11 | — | Dec 31, 2014 | M | 82,901 | D | — | — | Common Shares | 82,901 | 82,903 | D |
Explanation of responses
- F1Reflects shares of common stock held by The Jolson Family Foundation, of which Mr. Jolson is President and Treasurer. Mr. Jolson disclaims beneficial ownership of the shares.
- F10Restricted stock units expire upon vesting.
- F11Restricted stock units expire upon vesting.
- F12Disposition of common shares resulting from the withholding of securities for the payment of tax liability relating to the vesting of the restricted stock units described above.
- F2Reflects shares of common stock held by the Joseph A. Jolson 1991 Trust, of which Mr. Jolson is the trustee.
- F3Reflects shares of common stock held by the Joseph A. Jolson 1996 Trust dtd 3/7/96, of which Mr. Jolson is a trustee.
- F4On January 1, 2015, JMP Group Inc., a Delaware corporation (JMP Inc.) merged with an into and JMP Merger Corp., a Delaware Corporation and wholly owned subsidiary of JMP Group LLC ( JMP LLC), with JMP LLC as the successor issuer to JMP Inc. pursuant to Rule 12g-3(a) under the Securities Exchange Act of 1934, as amended.
- F5Acquisition of common shares resulting from the vesting of 100% of the company performance restricted stock units granted on February 8, 2012.
- F6Reflects the vesting of the final 50% of the deferred restricted stock units granted on February 11, 2013.
- F7Reflects the vesting of 50% of the deferred restricted stock units granted on February 11, 2014.
- F8Each unit represents a right to receive one common share or an amount equal to the fair market value of one common share on the applicable vesting date.
- F9Reflects vesting of restricted stock units described above.