X0202 4 2005-05-20 1 0000931707 MAXCOR FINANCIAL GROUP INC MAXF 0001074993 CLARK ROBIN A C/O EURO BROKERS LIMITED 133 HOUNDSDITCH LONDON X0 EC3A 7AJ UNITED KINGDOM 0 0 0 1 CEO of London-based Issuer Sub Common Stock, par value $.001 2005-05-20 4 D 0 33000 14.00 D 0 D Common Stock, par value $.001 2005-05-20 4 D 0 36130 14.00 D 0 I By self-investing pension account of the Reporting Person Option (right to buy) 2.00 2005-05-20 4 D 0 20000 12.00 D 2008-08-13 Common Stock 20000 0 D Option (right to buy) 2.61 2005-05-20 4 D 0 30000 11.39 D 2010-02-14 Common Stock 30000 0 D Option (right to buy) 3.00 2005-05-20 4 D 0 25000 11.00 D 2011-07-02 Common Stock 25000 0 D Option (right to buy) 6.00 2005-05-20 4 D 0 15000 8.00 D 2012-06-30 Common Stock 15000 0 D Option (right to buy) 10.70 2005-05-20 4 D 0 60000 3.30 D 2013-07-21 Common Stock 60000 0 D These options, which provided for vesting in four equal installments beginning August 14, 1999, were canceled in the merger of Magnet Acquisition Corp. with and into the Issuer (the "Merger") pursuant to the Agreement and Plan of Merger, dated as of April 4, 2005, by and among the Issuer, BGC Partners, L.P. and Magnet Acquisition Corp. in exchange for a cash payment of $240,000, representing the difference between the exercise price of the option and the $14.00 per share of Common Stock payable as consideration in the Merger. These options, which provided for vesting in four equal installments beginning February 15, 2001, were canceled in the Merger in exchange for a cash payment of $341,700, representing the difference between the exercise price of the option and the $14.00 per share of Common Stock payable as consideration in the Merger. These options, which provided for vesting in four equal installments beginning July 3, 2002, were canceled in the Merger in exchange for a cash payment of $275,000, representing the difference between the exercise price of the option and the $14.00 per share of Common Stock payable as consideration in the Merger. These options, which provided for vesting in four equal installments beginning July 1, 2003, were canceled in the Merger in exchange for a cash payment of $120,000, representing the difference between the exercise price of the option and the $14.00 per share of Common Stock payable as consideration in the Merger. These options, which provided for vesting in four equal installments beginning July 22, 2004, were canceled in the Merger in exchange for a cash payment of $198,000, representing the difference between the exercise price of the option and the $14.00 per share of Common Stock payable as consideration in the Merger. ROGER E. SCHWED, By Roger E. Schwed, Attorney-in-fact 2005-05-24