X0304 4 2012-02-01 0 0001063494 KBW, INC. KBW 0001380488 Duffy John G C/O KBW INC. 787 SEVENTH AVE. NEW YORK NY 10019 1 1 0 0 Director, Vice Chairman Common Stock, par value $0.01 per share 2012-02-01 4 D 0 5603 17.70 D 653957 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, Attorney-in-Fact 2012-02-03