X0304 4 2012-02-01 0 0001063494 KBW, INC. KBW 0001380491 Kleinman Mitchell B C/O KBW, INC. 787 SEVENTH AVENUE NEW YORK NY 10019 0 1 0 0 General Counsel Common Stock, par value $0.01 per share 2012-02-01 4 D 0 2277 17.70 D 260965 D Constitutes portion of shares which vested on February 1, 2012 that were withheld from reporting person in order to comply with applicable tax regulations. Total value of shares withheld equals estimated taxes due as a result of all vesting events. By: /s/ Mitchell B. Kleinman 2012-02-03