X0203 3 2011-01-26 0 0001383803 JMP Group Inc. JMP 0001511446 Ledbetter Kent 600 MONTGOMERY STREET, SUITE 1100 SAN FRANCISCO CA 94111 false false false true executive committee member Common Stock 144078 D Common Stock 201890 I By Trust Restricted Stock Unit 0 Common Stock 45157 D NQSO Stock Option 10 2010-12-20 2015-12-20 Common Stock 18500 D Each unit represents a right to receive one share of common stock or an amount equal to the fair market value of one share of common stock on the applicable vesting date. Restricted stock units are exercisable as follows: 20,000 restricted stock units shall vest 100% on May 10, 2011 and 25,157 restricted stock units shall vest subject to Company performance-based vesting if target is met during 3 year term and applicable measurement period. Restricted stock units will expire as follows: 20,000 restricted stock units will expire on May 10, 2011 and 25,157 restricted stock units expire upon vesting or Certificate Date (generally as of the filing of the Company's Form 10-K) in 2013. Kent Ledbetter 2011-02-01