SEC Form 4 · accession 0001246360-17-003208
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, 2017
Accepted (ET)
Dec 5, 2017 · 4:49 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 | Dec 1, 2017 | M | 24,745 | $0.00 | A | 86,325 | D | |
| Common SharesF6 | Dec 1, 2017 | M | 9,299 | $5.38 | D | 77,026 | D | |
| Common SharesF1 | holding | — | — | — | 75,000 | I | By Foundation | |
| Common SharesF2 | holding | — | — | — | 4,514,573 | I | By Jolson 1991 Trust | |
| Common SharesF3 | holding | — | — | — | 1,287,584 | 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 UnitF5 | $0.00 | Dec 1, 2017 | M | 24,745 | D | Dec 1, 2017 | Dec 1, 2017 | Common Shares | 24,745 | 2 | 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.
- F2Reflects common shares held by the Joseph A. Jolson 1991 Trust , of which Mr. Jolson is a 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 3, 2016.
- F5Each 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.
- F6Disposition of common shares to the Issuer 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 3, 2016.