Cohen & Co Inc. — Director's Dealing 2011

May 20, 2011

SEC Form 4/A — Form 4/A

Issuer: INSTITUTIONAL FINANCIAL MARKETS, INC. (IFMI)
CIK: 0001270436
Period of Report: 2010-11-24

Reporting Person: DAWSON G STEVEN (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-11-24	Common Stock, $0.001 par value per share	G	409	—	Disposed	9010	Direct
2010-11-24	Common Stock, $0.001 par value per share	G	409	—	Acquired	8830	Indirect
2010-12-31	Common Stock, $0.001 par value per share	G	173	—	Disposed	8837	Direct
2010-12-31	Common Stock, $0.001 par value per share	G	173	—	Acquired	9003	Indirect
2011-02-03	Common Stock, $0.001 par value per share	A	11677	$0.00	Acquired	20514	Direct

Footnotes

F1: The Reporting Person was awarded 11,677 restricted shares under the Issuer's 2006 Long Term Incentive Plan. The restrictions expire on February 3, 2012. Upon expiration of the restrictions, the vested common stock will transfer to Corriente Private Trust (see footnote 2).

F2: These securities are held by Corriente Private Trust, an irrevocable trust (the "Trust"). The Reporting Person is the Primary Trustee and sole beneficiary of the Trust and has voting and investment control with respect to the securities in the Trust. The Reporting Person disclaims any interest in the securities beyond his pecuniary interest.