Joseph A. Jolson - 15 Nov 2021 Form 4 Insider Report for JMP GROUP LLC

Role
CEO, Director, 10%+ Owner
Signature
Zac Rosenberg on behalf of Joseph A. Jolson
Issuer symbol
N/A
Transactions as of
15 Nov 2021
Net transactions value
-$50,741,520
Form type
4
Filing time
17 Nov 2021, 13:35:12 UTC
Previous filing
09 Jun 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JMP Common Shares Disposed to Issuer $562,500 -75,000 -100% $7.50 0 15 Nov 2021 By Foundation F1, F2
transaction JMP Common Shares Disposed to Issuer $273,000 -36,400 -100% $7.50 0 15 Nov 2021 Direct F1
transaction JMP Common Shares Disposed to Issuer $39,944,445 -5,325,926 -100% $7.50 0 15 Nov 2021 By Jolson 1991 Trust F1, F3
transaction JMP Common Shares Disposed to Issuer $9,961,575 -1,328,210 -100% $7.50 0 15 Nov 2021 By Jolson 1996 Trust F1, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction JMP Restricted Share Unit Disposed to Issuer $0 -125,129 -100% $0.000000* 0 15 Nov 2021 Common Shares 125,129 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Joseph A. Jolson is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Disposed of pursuant to the Agreement and Plan of Merger, dated as of September 8, 2021 (as amended from time to time, the "Merger Agreement"), among JMP Group LLC (the "Company"), Citizens Financial Group, Inc. ("Citizens") and Jolt Acquisition LLC, in exchange for $7.50 per share in cash, without interest.
F2 Reflects common shares held by The Jolson Family Foundation, of which Mr. Jolson is President and Treasurer. Mr. Jolson disclaims beneficial ownership of the shares.
F3 Reflects common shares held by the Joseph A. Jolson 1991 Trust, of which Mr. Jolson is a trustee.
F4 Reflects common shares held by the Joseph A. Jolson 1996 Trust dtd 3/7/96, of which Mr. Jolson is a trustee.
F5 Pursuant to the Merger Agreement, all outstanding restricted share units of the Company were assumed by Citizens and replaced with 19,558 restricted stock units of Citizens representing the right to receive 19,558 shares of common stock of Citizens, par value $0.01 per share.