Glenn H. Tongue - Nov 15, 2021 Form 4 Insider Report for JMP GROUP LLC (JMP)

Role
Director
Signature
Zac Rosenberg on behalf of Glenn H. Tongue
Stock symbol
JMP
Transactions as of
Nov 15, 2021
Transactions value $
-$1,937,678
Form type
4
Date filed
11/17/2021, 02:07 PM
Previous filing
Nov 17, 2021
Next filing
May 11, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JMP Common Shares Disposed to Issuer -$1.68M -223K -100% $7.50 0 Nov 15, 2021 Direct F1
transaction JMP Common Shares Disposed to Issuer -$262K -34.9K -100% $7.50 0 Nov 15, 2021 By Deerhaven Fund, LP F1, F2

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 -3.27K -100% $0.00* 0 Nov 15, 2021 Common Shares 3.27K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Glenn H. Tongue 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 Deer Haven Fund, of which Mr. Tongue is the general partner.
F3 Pursuant to the Merger Agreement, all outstanding restricted share units of the Company were assumed by Citizens and replaced with 511 restricted stock units of Citizens representing the right to receive 511 shares of common stock of Citizens, par value $0.01 per share.