-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
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 Odu680cMQ9A0y7HrhG9ocw==

<SEC-DOCUMENT>0001181431-10-051583.txt : 20101020
<SEC-HEADER>0001181431-10-051583.hdr.sgml : 20101020
<ACCEPTANCE-DATETIME>20101020192405
ACCESSION NUMBER:		0001181431-10-051583
CONFORMED SUBMISSION TYPE:	4/A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20091216
FILED AS OF DATE:		20101020
DATE AS OF CHANGE:		20101020

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COHEN & Co INC.
		CENTRAL INDEX KEY:			0001270436
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		IRS NUMBER:				161685692
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		CIRA CENTRE, 2929 ARCH STREET
		STREET 2:		17TH FLOOR
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19104-2870
		BUSINESS PHONE:		215-701-9555

	MAIL ADDRESS:	
		STREET 1:		CIRA CENTRE, 2929 ARCH STREET
		STREET 2:		17TH FLOOR
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19104-2870

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ALESCO FINANCIAL INC
		DATE OF NAME CHANGE:	20061006

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SUNSET FINANCIAL RESOURCES INC
		DATE OF NAME CHANGE:	20031117

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			COHEN DANIEL G
		CENTRAL INDEX KEY:			0001247745

	FILING VALUES:
		FORM TYPE:		4/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32026
		FILM NUMBER:		101133694

	MAIL ADDRESS:	
		STREET 1:		CIRA CENTRE
		STREET 2:		2929 ARCH STREET, 17TH FLOOR
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19104-2870
</SEC-HEADER>
<DOCUMENT>
<TYPE>4/A
<SEQUENCE>1
<FILENAME>rrd288340.xml
<DESCRIPTION>COHEN 12162009 REVISED
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4/A</documentType>

    <periodOfReport>2009-12-16</periodOfReport>

    <dateOfOriginalSubmission>2009-12-18</dateOfOriginalSubmission>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001270436</issuerCik>
        <issuerName>COHEN &amp; Co INC.</issuerName>
        <issuerTradingSymbol>COHN</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001247745</rptOwnerCik>
            <rptOwnerName>COHEN DANIEL G</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O COHEN &amp; COMPANY INC.</rptOwnerStreet1>
            <rptOwnerStreet2>2929 ARCH STREET, 17TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>PHILADELPHIA</rptOwnerCity>
            <rptOwnerState>PA</rptOwnerState>
            <rptOwnerZipCode>19104-2870</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Chairman and CEO</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, par value $0.001</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>358811</value>
                    <footnoteId id="F3"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Cohen Brothers, LLC Membership Units</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2009-12-16</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>4983556</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F4"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F2"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, par value $0.001</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <footnoteId id="F2"/>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>4983556</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Cohen Brothers Financial, LLC, reporting person is sole member</value>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Series A Voting Convertible Preferred Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F5"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2009-12-16</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                    <footnoteId id="F5"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2010-10-01</value>
            </exerciseDate>
            <expirationDate>
                <value>2012-12-31</value>
                <footnoteId id="F6"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Series B Voting Non-Convertible Preferred Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>4983557</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Cohen Brothers Financial, LLC, reporting person is sole member</value>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">On December 16, 2009, pursuant to the Agreement and Plan of Merger, dated February 20, 2009, as amended, by and among Alesco Financial Inc. (now Cohen &amp; Company Inc., the &quot;Company&quot;), Alesco Financial Holdings, LLC, then a wholly owned subsidiary of the Company (&quot;Merger Sub&quot;), and Cohen Brothers, LLC (&quot;CB&quot;), Merger Sub merged with and into CB, with CB becoming a majority-owned subsidiary of the Company (&quot;Merger&quot;).  Immediately prior to the Merger, (1) each then outstanding Class A membership unit of CB, together with one then outstanding Class B membership unit of CB, was recapitalized into 0.57372 of a recapitalized membership unit of CB, and (2) the Company completed a 1-for-10 reverse split of its common stock.  Immediately following the Merger, the Company changed its name from Alesco Financial Inc. to Cohen &amp; Company Inc. and the Company's post-reverse split shares began trading on the NYSE Amex under the trading symbol &quot;COHN&
quot;.</footnote>
        <footnote id="F2">Each CB membership unit is redeemable at the reporting person's option, at any time on or after January 1, 2013, for (i) cash in an amount equal to the average of the per share closing prices of the Company common stock for the ten consecutive trading days immediately preceding the date the Company receives the reporting person's notice of redemption, or (ii) at the Company's option, one share of the Company's common stock after giving effect to the 1-for-10 reverse split of the Company's common stock on December 16, 2009 (or up to an aggregate of 4,983,556 of such shares if all of the recapitalized CB membership units are redeemed for shares), subject, in each case, to appropriate adjustment upon the occurrence of an issuance of additional shares of the Company's common stock as a dividend or other distribution on the Company's outstanding common stock, or a further subdivision or combination of the outstanding shares of the Company's common stock.</footnote>
        <footnote id="F3">This number refers to shares of the Company's &quot;post-reverse split common stock,&quot; as described in Note 2.</footnote>
        <footnote id="F4">Each CB membership unit was acquired upon the recapitalization of CB in exchange for 1.74301 Class A membership units of CB and 1.74301 Class B membership units of CB outstanding prior to the recapitalization.</footnote>
        <footnote id="F5">On December 16, 2009, the reporting person received one share of the Series A Voting Convertible Preferred Stock (the &quot;Series A Preferred&quot;), which does not have any economic rights but gives the reporting person the right to nominate and elect a number equal to at least one-third (but less than a majority) of the total number of directors on the Company's board of directors. After October 1, 2010, upon written notice to the Company, the reporting person may convert the share of Series A Preferred into 4,983,557 shares of the Company's Series B Voting Non-Convertible Preferred Stock (the &quot;Series B Preferred&quot;), which does not have any economic rights but will entitle the holder to vote the Series B Preferred. Each share of the Series B Preferred will be entitled to one vote and will vote together with other Company stockholders on all matters presented to the Company's stockholders.</footnote>
        <footnote id="F6">The Series A Preferred and the Series B Preferred will be automatically redeemed for par value on December 31, 2012.</footnote>
    </footnotes>

    <remarks>This amendment to Form 4 is filed to reflect the reporting person's December 16, 2009 acquisition of one share of Series A Preferred, in which the reporting person may be deemed to have a pecuniary interest due to the reporting person having the right to convert his one share of Series A Preferred into 4,983,557 shares of the Company's Series B Preferred.</remarks>

    <ownerSignature>
        <signatureName>/s/ Joseph W. Pooler, Jr., as attorney-in-fact</signatureName>
        <signatureDate>2010-10-20</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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