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Permanent Equity and Restrictions (Tables)
 12 Months Ended
Dec. 31, 2012
Summary of Share Transactions Occurred in Stockholders' Equity During the Year

The following table summarizes the share transactions that occurred in stockholders’ equity during the years ended December 31, 2010, 2011, and 2012, respectively.

ROLLFORWARD OF SHARES OUTSTANDING OF

INSTITUTIONAL FINANCIAL MARKETS, INC.

For the Year Ended December 31, 2010

 

     December 31,
2009		     Issuance
of
shares		      Issuance as
Equity-Based
Compensation		      Vesting of
Shares		     Shares
withheld
for Employee
Taxes		     Forfeiture of
Restricted
Stock		     December 31,
2010		  

Common Stock

      10,307,238        —          —          89,572        (25,952 )      —         10,370,858   

Restricted Stock

      36,109        —          216,383         (89,572 )      —         (694 )      162,226   

Treasury Stock

      (50,400 )      —          —          —         —         —         (50,400 ) 
  

 

 

    

 

 

     

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  
     10,292,947        —          216,383         —         (25,952 )      (694 )      10,482,684   
  

 

 

    

 

 

     

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

For the Year Ended December 31, 2011

 

    December 31,
2010		     Issuance
of
shares		     Issuance as
Equity-Based
Compensation		     Vesting of
Shares		     Shares
withheld
for Employee
Taxes		     Forfeiture/
Cancellation of
Restricted
Stock (1)		     Purchase of
Common
Stock for
Treasury		     Retirement
of
Treasury
Stock		     December 31,
2011 (2)		  

Common Stock

     10,370,858        313,051        —         140,857        (24,668 )      —         —         (667,601 )      10,132,497   

Restricted Stock

     162,226        —         3,924,612        (140,857 )      —         (1,348,361 )      —         —         2,597,620   

Treasury Stock

     (50,400 )      —         —         —         —         —         (667,601 )      667,601        (50,400 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
    10,482,684        313,051        3,924,612        —         (24,668 )      (1,348,361 )      (667,601 )      —         12,679,717   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

(1) Included in the 1,348,361 shares of restricted stock forfeited/cancelled are 90,135 shares of restricted stock of IFMI that the Company cancelled and replaced with 90,135 restricted units of IFMI Common Stock in October 2011. The 90,135 restricted units are not included in the above table since the restricted units are not considered legally outstanding.
(2) Excludes the 90,135 restricted units of IFMI Common Stock granted in October 2011. See note 20.

 

For the Year Ended December 31, 2012

 

    December 31,
2011		     Issuance
of
shares		     Issuance as
Equity-Based
Compensation		     Vesting of
Shares		     Shares
withheld
for Employee
Taxes		     Forfeiture of
Restricted
Stock (1)		     Surrender of
Restricted
Stock (2)		     Retirement
of
Treasury
Stock		     December 31,
2012 (3)		  

Common Stock

     10,132,497        230,846        —         643,830        (162,048 )      —         —         (50,400 )      10,794,725   

Restricted Stock

     2,597,620        —         428,984        (643,830 )      —         (1,508,353 )      (116,595 )      —         757,826   

Treasury Stock

     (50,400 )      —         —         —         —         —         —         50,400        —     
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
    12,679,717        230,846        428,984        —         (162,048 )      (1,508,353 )      (116,595 )      —         11,552,551   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

(1) Includes the 848,742 shares of restricted stock that the former chief executive officer of PrinceRidge and member of the Board of Managers of PrinceRidge GP and the former chairman of the Board of Managers of PrinceRidge GP forfeited in connection with the separation, release, and repurchase agreements that the Company entered into with them in July 2012. See note 20.
(2) 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.
(3) Excludes the restricted units of IFMI common stock. See note 20.
Schedule of Effects of Changes in Ownership Interest in the Operating LLC on Equity

The following schedule presents the effects of changes in IFMI’s ownership interest in the Operating LLC on the equity attributable to IFMI for the years ended December 31, 2012, 2011, and 2010, respectively:

 

     December 31,
2012		     December 31,
2011		     December 31,
2010		  

Net income / (loss) attributable to IFMI

    $ (968 )    $ (9,388 )    $ 7,595   

Transfers (to) from the non-controlling interest:

       

Increase / (decrease) in IFMI’s paid in capital for the acquisition / (surrender) of additional units of consolidated subsidiary, net

      928        (8 )      —    
  

 

 

    

 

 

    

 

 

  

Changes from net income/(loss) attributable to IFMI and transfers (to) from non-controlling interest

    $ (40 )    $ (9,396 )    $ 7,595