Permanent Equity (Tables)

12 Months Ended

Dec. 31, 2014

Schedule Of Unrestricted Common Stock Activity



ROLLFORWARD OF SHARES OUTSTANDING OF
INSTITUTIONAL FINANCIAL MARKETS, INC.


	Common Stock	Restricted Stock	Treasury Stock	Total
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 (1)	-	(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 (2)	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	14,398,579	411,126	-	14,809,705
Issuance of shares	186,342	-	-	186,342
Issuance as equity-based compensation	-	158,438	-	158,438
Vesting of shares / restricted units (2)	511,318	(378,868)	-	132,450
Shares withheld for employee taxes	(37,458)	-	-	(37,458)
Forfeiture / cancellation of restricted stock	-	(32,258)	-	(32,258)
Repurchase and retirement of common stock	(200,000)	-	-	(200,000)
December 31, 2014 (3)	14,858,781	158,438	-	15,017,219

(1)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.

(2)Vesting includes 132,450 and 90,135 of unvested restricted units of IFMI Common Stock for the years ended December 31, 2014 and 2013, respectively. See note 20.

(3)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, 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 cash	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	14,571,658	4,983,557	340,533	19,895,748
Issuance of Units under UIS, net	459,219	-	-	459,219
Vesting of Units	-	-	186,342	186,342
Redemption of Operating LLC Units for IFMI Shares	186,342	-	(186,342)	-
Repurchase and retirement of common stock	(200,000)	-	-	(200,000)
December 31, 2014 (1)	15,017,219	4,983,557	340,533	20,341,309

(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, 2014		For the Year Ended December 31, 2013		For the Year Ended December 31, 2012
Net income / (loss) attributable to IFMI	$	(2,585)	$	(13,318)	$	(968)
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		215		2,764		928
Changes from net income / loss) attributable to IFMI and transfers (to) from non-controlling interest	$	(2,370)	$	(10,554)	$	(40)