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Permanent Equity (Tables)
 12 Months Ended
Dec. 31, 2013
Permanent Equity [Abstract]  
Schedule Of Unrestricted Common Stock Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ROLLFORWARD OF SHARES OUTSTANDING OF

INSTITUTIONAL FINANCIAL MARKETS, INC.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common Stock

 

 

Restricted Stock

 

 

Treasury Stock

 

 

Total

December 31, 2010

 

 
10,370,858 

 

 
162,226 

 

 
(50,400)

 

 
10,482,684 

Issuance of shares

 

 
313,051 

 

 

 -

 

 

 -

 

 
313,051 

Issuance as equity-based compensation

 

 

 -

 

 
3,924,612 

 

 

 -

 

 
3,924,612 

Vesting of shares

 

 
140,857 

 

 
(140,857)

 

 

 -

 

 

 -

Shares withheld for employee taxes

 

 
(24,668)

 

 

 -

 

 

 -

 

 
(24,668)

Forfeiture / cancellation of restricted stock (1)

 

 

 -

 

 
(1,348,361)

 

 

 -

 

 
(1,348,361)

Purchase of Common Stock for treasury

 

 

 -

 

 

 -

 

 
(667,601)

 

 
(667,601)

Retirement of treasury stock

 

 
(667,601)

 

 

 -

 

 
667,601 

 

 

 -

December 31, 2011

 

 
10,132,497 

 

 
2,597,620 

 

 
(50,400)

 

 
12,679,717 

Issuance of shares

 

 
230,846 

 

 

 -

 

 

 -

 

 
230,846 

Issuance as equity-based compensation

 

 

 -

 

 
428,984 

 

 

 -

 

 
428,984 

Vesting of shares

 

 
643,830 

 

 
(643,830)

 

 

 -

 

 

 -

Shares withheld for employee taxes

 

 
(162,048)

 

 

 -

 

 

 -

 

 
(162,048)

Forfeiture / cancellation of restricted stock (1)

 

 

 -

 

 
(1,508,353)

 

 

 -

 

 
(1,508,353)

Surrender of restricted stock (2)

 

 

 -

 

 
(116,595)

 

 

 -

 

 
(116,595)

Retirement of treasury stock

 

 
(50,400)

 

 

 -

 

 
50,400 

 

 

 -

December 31, 2012

 

 
10,794,725 

 

 
757,826 

 

 

 -

 

 
11,552,551 

Issuance of shares

 

 
2,935,506 

 

 

 -

 

 

 -

 

 
2,935,506 

Issuance as equity-based compensation

 

 

 -

 

 
408,079 

 

 

 -

 

 
408,079 

Vesting of shares / restricted units (3)

 

 
739,931 

 

 
(649,796)

 

 

 -

 

 
90,135 

Shares withheld for employee taxes

 

 
(71,583)

 

 

 -

 

 

 -

 

 
(71,583)

Forfeiture / cancellation of restricted stock

 

 

 -

 

 
(104,983)

 

 

 -

 

 
(104,983)

December 31, 2013 (4)

 

 
14,398,579 

 

 
411,126 

 

 

 -

 

 
14,809,705 

(1)For the 2011 period, the cancellation of restricted stock included the 90,135 shares of restricted stock of IFMI that the Company cancelled and replaced with 90,135 restricted units of IFMI Common Stock in October 2011.  The 90,135 restricted units were not included in the above table since the restricted units are not considered legally outstanding.

For the 2012 period, the forfeiture of restricted stock included the 848,742 shares of restricted stock that the former chief executive officer of PrinceRidge and member of the Board of Managers of PrinceRidge GP and the former chairman of the Board of Managers of PrinceRidge GP forfeited in connection with the separation, release, and repurchase agreements that the Company entered into with them in July 2012. See note 20.

(2)In December 2012, Mr. Cohen transferred 116,595 restricted shares of IFMI Common Stock to the Company in order to satisfy his obligation under the Equity Funding Agreement. See note 20 for the discussion about the 2009 Restricted Units Pursuant to the 2009 Equity Award Plan.  

(3)Vesting includes 90,135 of unvested restricted units of IFMI Common Stock.  See note 20.

(4)Excludes remaining restricted units of IFMI Common Stock. See note 20.

Operating LLC Membership Units

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ROLLFORWARD OF UNITS OUTSTANDING OF

THE OPERATING LLC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Units Held by IFMI

 

 

Units Held by Daniel G. Cohen

 

 

Units Held by Others

 

 

Total

December 31, 2010

 

 
10,343,347 

 

 
4,983,557 

 

 
299,999 

 

 
15,626,903 

Issuance of Units for JVB acquisition

 

 
313,051 

 

 

 -

 

 

 -

 

 
313,051 

Issuance of Units under UIS, net

 

 
259,212 

 

 

 -

 

 

 -

 

 
259,212 

Redemption of Operating LLC Units for cash

 

 

 -

 

 

 -

 

 
(31,554)

 

 
(31,554)

Retirement of treasury stock

 

 
(667,601)

 

 

 -

 

 

 

 

 
(667,601)

December 31, 2011

 

 
10,248,009 

 

 
4,983,557 

 

 
268,445 

 

 
15,500,011 

Issuance of Units under UIS, net

 

 
705,083 

 

 

 -

 

 

 -

 

 
705,083 

Vesting of Units

 

 

 -

 

 

 -

 

 
302,934 

 

 
302,934 

Redemption of Operating LLC Units for IFMI Shares

 

 
230,846 

 

 

 -

 

 
(230,846)

 

 

 -

Retirement of treasury stock

 

 
(50,400)

 

 

 -

 

 

 -

 

 
(50,400)

December 31, 2012

 

 
11,133,538 

 

 
4,983,557 

 

 
340,533 

 

 
16,457,628 

Issuance of Units under UIS, net

 

 
502,614 

 

 

 -

 

 

 -

 

 
502,614 

Issuance of Units for Mead / EBC Investment

 

 
2,749,167 

 

 

 

 

 

 

 

 
2,749,167 

Vesting of Units

 

 

 -

 

 

 -

 

 
186,339 

 

 
186,339 

Redemption of Operating LLC Units for IFMI Shares

 

 
186,339 

 

 

 -

 

 
(186,339)

 

 

 -

December 31, 2013 (1)

 

 
14,571,658 

 

 
4,983,557 

 

 
340,533 

 

 
19,895,748 

(1)Unit amounts above exclude unvested Operating LLC units.  See note 20.

Schedule Of Effects Of Changes In Ownership Interest Subsidiary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Year Ended December 31, 2013

 

 

For the Year Ended December 31, 2012

 

 

For the Year Ended December 31, 2011

Net income / (loss) attributable to IFMI

 

$
(13,318)

 

$
(968)

 

$
(9,388)

Transfers (to) from the non-controlling interest:

 

 

 

 

 

 

 

 

 

Increase / (decrease) in IFMI's paid in capital for the acquisition / (surrender) of additional units in consolidated subsidiary, net

 

 
2,764 

 

 
928 

 

 
(8)

Changes from net income / loss) attributable to IFMI and transfers (to) from non-controlling interest

 

$
(10,554)

 

$
(40)

 

$
(9,396)