4//SEC Filing
Ricciardi Christopher 4
Accession 0001181431-11-035847
CIK 0001270436other
Filed
Jun 7, 8:00 PM ET
Accepted
Jun 8, 9:53 PM ET
Size
18.1 KB
Accession
0001181431-11-035847
Insider Transaction Report
Form 4
Ricciardi Christopher
President10% Owner
Transactions
- Gift
IFMI, LLC Membership Units
2010-07-16$4.44/sh−110,194$489,261→ 113,326 total(indirect: By GRAT)→ Common Stock, par value $0.001 (110,194 underlying) - Gift
IFMI, LLC Membership Units
2011-01-16$4.94/sh−98,211$485,162→ 15,115 total(indirect: By GRAT)→ Common Stock, par value $0.001 (98,211 underlying) - Award
Common Stock, par value $0.001
2011-06-07+360,000→ 1,718,752 total
Holdings
- 48,448(indirect: By Spouse)
Common Stock, par value $0.001
- 1,358,752
Common Stock, par value $0.001
- 44,925(indirect: By Spouse)
IFMI, LLC Membership Units
→ Common Stock, par value $0.001 (44,925 underlying)
Footnotes (5)
- [F1]Each IFMI, LLC membership unit is redeemable at the holder's option, at any time, for (i) cash in an amount equal to the average of the per share closing prices of the Institutional Financial Markets, Inc. (the "Company") common stock for the ten consecutive trading days immediately preceding the date the Company receives the holder's notice of redemption, or (ii) at the Company's option, one share of the Company's common stock, subject to appropriate adjustment upon the occurrence of an issuance of additional shares of the Company's common stock as a dividend or other distribution on the Company's outstanding common stock, or a further subdivision or combination of the outstanding shares of the Company's common stock.
- [F2]These membership units of IFMI, LLC were distributed to the reporting person by the GRAT, in satisfaction of a payment due from the GRAT.
- [F3]The reporting person and his spouse hold 1,351,721 shares jointly. The reporting person holds 7,031 shares individually.
- [F4]The GRAT benefits the reporting person.
- [F5]Represents restricted stock granted subject to stockholder approval of an amendment to the Company's 2010 Long-Term Incentive Plan to increase the number of shares available under that plan, which occurred on June 7, 2011. Pursuant to the reporting person's Amended and Restated Employment Agreement with the Issuer, the reporting person agreed to forfeit the shares on October 16, 2011, at which time the Issuer is required to pay the reporting person an amount equal to the number of shares of restricted stock forfeited multiplied by the average closing price as reported by the NYSE Amex of the Issuer's common stock during the 20 trading days prior to such payment.
Documents
Issuer
INSTITUTIONAL FINANCIAL MARKETS, INC.
CIK 0001270436
Entity typeother
Related Parties
1- filerCIK 0001386363
Filing Metadata
- Form type
- 4
- Filed
- Jun 7, 8:00 PM ET
- Accepted
- Jun 8, 9:53 PM ET
- Size
- 18.1 KB