Chicago saxophonist and clarinetist Ken Vandermark juggles so many different projects that it’s a wonder he still has time for his signature group, the Vandermark 5. But the V5’s latest, The Color of Memory, is another great document from one of experimental jazz’s most in-synch working bands. If the two-CD collection captures the hard-edged swing and loose-limbed improv that the group has been honing since 1996, it also closes a chapter of the quintet’s history: Soon after the CD was recorded, trombonist, part-time guitarist, and founding member Jeb Bishop left the quintet, citing problems with his hearing. The V5 may never sound the same again without Bishop, but a recent addition—cellist Fred Lonberg-Holm—brings extensive rock, avant-electronica, and modern-classical credentials to the group. Hear how the new lineup settles in when Vandermark 5 takes the stage at 9:30 p.m. at Iota Club & Cafe, 2832 Wilson Boulevard, Arlington. $12. (703) 522-8340. (Christopher Porter)