Cohen & Co Inc. — Director's Dealing 2013

Sep 27, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INSTITUTIONAL FINANCIAL MARKETS, INC. (IFMI)
CIK: 0001270436
Period of Report: 2013-09-25

Reporting Person: Ricciardi Christopher (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-09-25	Common Stock, par value $0.001	A	487291	$2.00	Acquired	487291	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-09-25	Convertible Senior Promissory Note	$3.00	A		Acquired	2018-09-25	Common Stock, par value $0.001 (487291)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.001	48448	Indirect
Common Stock, par value $0.001	1358752	Direct

Footnotes

F1: In accordance with the governing documents of Mead Park Capital Partners LLC, the reporting person has the right to, at any time, acquire direct beneficial ownership over these securities.

F2: The reporting person and his spouse hold 1,351,721 shares jointly. The reporting person holds 7,031 shares individually.

F3: Under certain circumstances, Institutional Financial Markets, Inc. (the "Company") can elect to pay interest on the convertible senior promissory note by increasing the principal amount of the note. If the Company elects this option, the number of shares into which the note converts will increase. The maximum number of shares of the Company's common stock (subject to customary anti-dilution adjustments) that the note can convert into with respect to the reporting person's beneficial ownership is 724,301 shares (assuming no interest is paid in cash).