Cohen & Co Inc. — Director's Dealing 2013

May 14, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INSTITUTIONAL FINANCIAL MARKETS, INC. (IFMI)
CIK: 0001270436
Period of Report: 2013-05-09

Reporting Person: COHEN DANIEL G (Director, Chairman, CEO and CIO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-05-09	Series D Voting Non-Convertible Preferred Stock	D	4983557	$0.00	Disposed	0	Indirect
2013-05-09	Series E Voting Non-Convertible Preferred Stock	A	4983557	$0.00	Acquired	4983557	Indirect

Footnotes

F1: Represents securities transferred by the reporting person to the Company in exchange for Series E Voting Non-Convertible Preferred Stock ("Series E Preferred") pursuant to the Preferred Stock Exchange Agreement, dated May 9, 2013 (the "Exchange Agreement"), between the Company and Cohen Bros. Financial, LLC, of which the reporting person is the sole member.

F2: Represents securities acquired by the reporting person from the Company in exchange for Series D Voting Non-Convertible Preferred Stock pursuant to the Exchange Agreement. The Series E Preferred does not have any economic rights, but each share of the Series E Preferred is entitled to one vote and will vote together with other Company stockholders on all matters presented to the Company's stockholders.