Filing Details

1)

Names of reporting persons.

I.R.S. Identification Nos. of Above Persons (entities only)

Carter D. Mack

2)

Check the appropriate box if a member of a group (see instructions)

(a)

(b)

3)

SEC Use Only

4)

Citizenship or Place of Organization

USA

Number of

shares beneficially

owned

by Each

Reporting

Person with:

5)          Sole Voting Power:   303,921 (a)

6)          Shared Voting Power:   1,064,877 (a)

7)          Sole Dispositive Power:   303,921 (a)

8)          Shared Dispositive Power:   1,064,877 (a)

9)

Aggregate amount beneficially owned by each reporting person

1,368,798 (a)

10)

Check if the aggregate amount in Row (9) excludes certain shares (see instructions)

11)

Percent of class represented by amount in Row 9

7.02%

12)

Type of reporting person (see instructions)

IN

(a)

Mr. Mack’s beneficial ownership includes (i) 1,064,710 Common Shares owned by the Mack Trust dated February 14, 2002,(ii) 303,921Common Shares owned by Mr. Mack directly and (iii) 167 Common Shares owned by Mr. Mack’s spouse. This amount does not include 60,000 vested and unexercised options that expired on December 31, 2019.

(A)

NAME OF ISSUER

JMP Group LLC

(B)

ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICER

600 Montgomery Street, Suite 1100, San Francisco, CA 94111

Item 2.

(A)

NAME OF PERSONS FILING

Carter D. Mack

(B)

ADDRESS OF PRINCIPAL BUSINESS OFFICE OR IF NONE, RESIDENCE

c/o JMP Group LLC

600 Montgomery Street, Suite 1100, San Francisco, CA 94111

(C)

CITIZENSHIP

USA

(D)

TITLE OF CLASS OF SECURITIES

Shares representing limited liability company interests in JMP Group LLC

(E)

CUSIP NUMBER

46629U107

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b)_____

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c)_____

Insurance company as defined in section 3 (a)(19) of the Act (15 U.S.C. 78c).

(d)_____

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e)_____

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(f)_____

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(g)_____

A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G).

(h)_____

A savings associations as defined in section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).

(i)_____

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3)

(j)_____

Group, in accordance with 240.13d-1(b)(1)(ii)(J).

a.

Amount beneficially owned: 1,368,798(a)

b.

Percent of class: 7.02% (a)

c.

Number of shares as to which such person has:

i.

Sole power to vote or to direct the vote: 303,921 (a)

ii.

Shared power to vote or to direct the vote: 1,064,877 (a)

iii.

Sole power to dispose or to direct the disposition of: 303,921 (a)

iv.

Shared power to dispose or to direct the disposition of: 1,064,877 (a)

Item 5.

Ownership of 5 Percent or Less of a Class.

Item 6.

Ownership of More than 5 Percent on Behalf of Another Person

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

(a)

Mr. Mack’s beneficial ownership includes (i) 1,064,710 Common Shares owned by the Mack Trust dated February 14, 2002, (ii) 303,921Common Shares owned by Mr. Mack directly and (iii) 167 Common Shares owned by Mr. Mack’s spouse. This amount does not include 60,000 vested and unexercised options that expired on December 31, 2019.

Date: February 6, 2020

By:

   /s/ Carter D. Mack                        

Name: Carter D. Mack

Title: President