JMP GROUP LLC

CUSIP: 46629U107 Class: COMMON STOCK

Municipal Employees' Retirement System of Michigan's Holding History (CIK: 0001588873)

Note: Option positions (PUT/CALL) are excluded.

Q2 2015
Shares 75,700 Value ($000) $590 Avg Close — Range —
Q1 2015
Shares 75,700 Value ($000) $637 Avg Close — Range —
Q4 2014
Shares 75,700 Value ($000) $577 Avg Close — Range —
Q3 2014
Shares 52,400 Value ($000) $329 Avg Close — Range —
Q2 2014
Shares 52,400 Value ($000) $397 Avg Close — Range —
Q1 2014
Shares 52,400 Value ($000) $373 Avg Close — Range —