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JMP > SEC Filings for JMP > Form 8-K on 8-Dec-2008All Recent SEC Filings

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Form 8-K for JMP GROUP INC.


8-Dec-2008

Other Events


Item 8.01. Other Events

Effective December 4, 2008, Joseph A. Jolson, the Company's Chief Executive Officer has adopted a prearranged trading plan (the "Plan") in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") to purchase shares of common stock of the Company on behalf of Joseph A. Jolson 1991 Trust dtd 6/4/91, of which Mr. Jolson is the trustee (the "1991 Trust") from time to time. The Plan specifies the timing and market prices for the sales, subject to the terms and conditions of the Plan. Mr. Jolson will have no control over the timing of the stock purchases under the Plan. The Plan is scheduled to terminate on May 15, 2009. The Plan is intended to comply with Rule 10b5-1 of the Exchange Act, and the Company's insider trading policy. This Plan will permit purchases by the 1991 Trust at such times that the Company's Section 16 officers would not otherwise be able to effect transactions in the Company's securities. We are furnishing this information under Item 8.01 of Form 8-K.


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