<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0306</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2012-07-02</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001085621</issuerCik>
        <issuerName>ICG GROUP, INC.</issuerName>
        <issuerTradingSymbol>ICGE</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001305341</rptOwnerCik>
            <rptOwnerName>Decker Thomas A</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O ICG GROUP, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>690 LEE ROAD, SUITE 310</rptOwnerStreet2>
            <rptOwnerCity>WAYNE</rptOwnerCity>
            <rptOwnerState>PA</rptOwnerState>
            <rptOwnerZipCode>19087</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, par value $.001 per share</value>
            </securityTitle>
            <transactionDate>
                <value>2012-07-02</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1138</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>9.28</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>70261</value>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">This amount represents the right of the Reporting Person to receive an equivalent number of shares of Common Stock after the date of termination of his services as a director pursuant to the terms of the ICG Group, Inc. Deferred Stock Unit Program.</footnote>
        <footnote id="F2">This amount includes: (a) 23,761 shares of Common Stock that the Reporting Person has the right to receive following the termination of his services as a director pursuant to the terms of the ICG Group, Inc. Deferred Stock Unit Program, (b) 39,000 shares of Common Stock that the Reporting Person has the right to receive following the termination of his service or employment with the Company pursuant to the terms of the ICG Non-Management Director Compensation Plan and (c) 7,500 restricted shares granted pursuant to the ICG Non-Management Director Compensation Plan.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Luann M. Taiariol, as attorney-in-fact for Thomas A. Decker</signatureName>
        <signatureDate>2012-07-05</signatureDate>
    </ownerSignature>
</ownershipDocument>
