Filing Details

CUSIP No. 46629U107

1)

Names of reporting persons.

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

Craig R. Johnson

2)

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

(a)

(b)

3)

SEC Use Only

4)

Source of Funds

PF

5)

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e).

6)

Citizenship or Place of Organization

USA

Number of

Sole Voting Power: 485,846 (a)(c)

shares beneficially

owned

Shared Voting Power: 946,782  (b)

by Each

Reporting

Sole Dispositive Power: 485,846 (a)(c)

Shared Dispositive Power: 946,782 (b)

11)

Aggregate amount beneficially owned by each reporting person

1,432,628 (a)(b)

12)

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)

13)

Percent of class represented by amount in Row 11

6.63 % (a)(b)

14)

Type of reporting person (see instructions)

IN

(a)

As of December 1, 2017, Mr. Johnson’s beneficial ownership includes (i) 350,846 common shares owned by Mr. Johnson directly, and (ii) 135,000vested and unexercised options to purchase common shares.

(b)

As of December 1, 2017, Mr. Johnson’s shared ownership includes 946,782common shares held by the Johnson Revocable Trust, UAD 7/2/97,

(c)

Excluded from Mr. Johnson’s beneficial ownership are: (i) 5,508restricted share units granted under the Issuer’s Amended and Restated Equity Incentive Plan that will vest 100% on December 1, 2018.

This statement on Schedule 13D (this “Statement”) relates to the common shares of JMP Group LLC, a Delaware limited liability company (the “Issuer”). The address of the principal executive office of the Issuer is 600 Montgomery Street, Suite 1100, San Francisco, CA 94111.

Item 2. Identity and Background.

(a)-(c)

This Statement is filed by Craig R. Johnson (the “Reporting Person”), with a business address at 600 Montgomery Street, Suite 1100, San Francisco, CA 94111 and who is the Vice Chairman of the board of directors of the Issuer and Chairman of Harvest Capital Strategies LLC.

(d)

During the last five years, the Reporting Person has not been convicted in a criminal proceeding.

(e)

During the last five years, the Reporting Person has not been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

(f)

The Reporting Person is a United States citizen.

1.

On March 11, 2015, the Johnson Trust, acquired 30,000 common shares at a price per share of $7.2518 in open market or private purchase;

2.

On December 1, 2015, the reporting person acquired, net after the withholding of shares to cover withholding taxes payable upon vesting of restricted share units, beneficial ownership of 8,803 common shares pursuant to the accelerated vesting of the remaining 50% of RSUs granted on February 11, 2014;

3.

On December 1, 2015, the reporting person acquired, net after the withholding of shares to cover withholding taxes payable upon vesting of restricted share units, beneficial ownership of 4,893 common shares pursuant to the vesting of the initial 50% of RSUs granted on February 4, 2015;

4.

On December 31, 2015, the reporting person acquired, net after the withholding of shares to cover withholding taxes payable upon vesting of restricted share units, beneficial ownership of 781 common shares pursuant to the vesting of RSUs granted on February 11, 2013;

5.

On December 1, 2016, the reporting person acquired, net after the withholding of shares to cover withholding taxes payable upon vesting of restricted share units, beneficial ownership of 4,893 common shares pursuant to the vesting of the remaining 50% of RSUs granted on February 4, 2015;

6.

On December 1, 2016, the reporting person acquired, net after the withholding of shares to cover withholding taxes payable upon vesting of restricted share units, beneficial ownership of 16,234 common shares pursuant to the vesting of the initial 50% of RSUs granted on February 3, 2016;

7.

On December 1, 2017, the reporting person acquired, net after the withholding of shares to cover withholding taxes payable upon vesting of restricted share units, beneficial ownership of 16,710 common shares pursuant to the vesting of the remaining 50% of RSUs granted on February 3, 2016; and

8.

December 1, 2017, the reporting person acquired, net after the withholding of shares to cover withholding taxes payable upon vesting of restricted share units, beneficial ownership of 3,438 common shares pursuant to the vesting of the initial 50% of RSUs granted on February 7, 2017.

(a)

As of November 6, 2017, there were 21,485,981 common shares issued and outstanding. As of December 1, 2017, the Reporting Person is the beneficial owner of 1,432,628 common shares, which represents 6.63% of the outstanding common shares. Such amount includes (i) 946,782 common shares held by the Johnson Revocable Trust, UAD 7/2/97, (ii) 350,846 common shares owned by Mr. Johnson directly, and (iii) 135,000 common shares underlying vested options.

Excluded from the Reporting Person’s beneficial ownership are: (i) 5,508 restricted share units granted under the Issuer’s Amended and Restated Equity Incentive Plan that will vest 100% on December 1, 2018.

(b)

The information on the cover page of this Schedule is incorporated herein by reference.

(c)

There have been no transactions by the Reporting Person (either directly or indirectly through individuals, corporations and other entities through which the Reporting Person may possess the power to vote or dispose of common shares) during the 60 days prior to the date of this statement.

Date: January 8, 2018

By:

/s/ Craig R. Johnson

Name: Craig R. Johnson

Title: Vice Chairman of the Issuer and Chairman

of Harvest Capital Strategies LLC