Kenneth M. Karmin - Nov 15, 2021 Form 4 Insider Report for JMP GROUP LLC (JMP)

Role
Director
Signature
Zac Rosenberg on behalf of Kenneth M. Karmin
Stock symbol
JMP
Transactions as of
Nov 15, 2021
Transactions value $
-$1,950,293
Form type
4
Date filed
11/17/2021, 02:00 PM
Previous filing
Oct 1, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JMP Common Shares Disposed to Issuer -$1.94M -258K -100% $7.50 0 Nov 15, 2021 By Trust F1, F2
transaction JMP Common Shares Disposed to Issuer -$15K -2K -100% $7.50 0 Nov 15, 2021 Direct F1

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 -3.68K -100% $0.00* 0 Nov 15, 2021 Common Shares 3.68K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Kenneth M. Karmin 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 Beth and Ken Karmin Family Trust dated November 5, 2009, of which Mr. Karmin is a trustee.
F3 Pursuant to the Merger Agreement, all outstanding restricted share units of the Company were assumed by Citizens and replaced with 575 restricted stock units of Citizens representing the right to receive 575 shares of common stock of Citizens, par value $0.01 per share.