Cohen & Co Inc. — Director's Dealing 2012

May 2, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INSTITUTIONAL FINANCIAL MARKETS, INC. (IFMI)
CIK: 0001270436
Period of Report: 2012-05-01

Reporting Person: Listman Douglas (Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-01	Common Stock, par value $0.001 per share	F	690	$1.27	Disposed	79616	Direct

Footnotes

F1: These shares of Common Stock were elected by the reporting person to be forfeited for the payment of income tax withholdings based on the closing price of the Common Stock on April 30, 2012.