SEC Form 4 · accession 0001246360-15-003671

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 1, 2015

Accepted (ET)

Dec 3, 2015 · 3:56 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 Shares^F4	Dec 1, 2015	M	82,901	$0.00	A	147,603	D
Common Shares^F5	Dec 1, 2015	M	18,758	$0.00	A	166,361	D
Common Shares^F9	Dec 1, 2015	F	43,257	$6.19	D	123,104	D
Common Shares^F10	Dec 1, 2015	F	9,787	$6.19	D	113,317	D
Common Shares^F1	holding	—	—		—	75,000	I	By Foundation
Common Shares^F2	holding	—	—		—	2,758,728	I	By Jolson 1991 Trust
Common Shares^F3	holding	—	—		—	1,392,487	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 Share Unit^F6,F7	$0.00	Dec 1, 2015	M	82,901	D	Dec 1, 2015	Dec 1, 2015	Common Shares	82,901	37,519	D
Restricted Share Unit^F6,F8	$0.00	Dec 1, 2015	M	18,758	D	Dec 1, 2015	Dec 1, 2015	Common Shares	18,758	18,761	D

Explanation of responses

F1Reflects common shares held by The Jolson Family Foundation, of which Mr. Jolson is President and Treasurer. Mr. Jolson disclaims beneficial ownership of the shares.
F10Disposition of common shares resulting from the withholding of securities for the payment of tax liability relating to the vesting and delivery of 50% of the restricted share units granted on February 4, 2015.
F2Reflects common shares held by the Joseph A. Jolson 1991 Trust, of which Mr. Jolson is the trustee.
F3Reflects common shares held by the Joseph A. Jolson 1996 Trust dtd 3/7/96, of which Mr. Jolson is a trustee.
F4Acquisition of common shares resulting from the vesting and delivery of the remaining 50% of the restricted share units granted on February 11, 2014.
F5Acquisition of common shares resulting from the vesting and delivery of 50% of the restricted share units granted on February 4, 2015.
F6Each 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.
F7The issuer and the reporting person mutually agreed to accelerate the vesting date for the remaining 50% of the Deferred Restricted Share Units granted on February 11, 2014, from December 31, 2015, to December 1, 2015.
F8The issuer and the reporting person mutually agreed to accelerate the vesting date for the 50% of the Deferred Restricted Share Units granted on February 4, 2015, from December 31, 2015, to December 1, 2015.
F9Disposition of common shares resulting from the withholding of securities for the payment of tax liability relating to the vesting and delivery of the remaining 50% of the restricted share units granted on February 11, 2014.