X0304 4 2012-02-01 0 0001063494 KBW, INC. KBW 0001380489 Giambrone Robert C/O KBW, INC. 787 SEVENTH AVE. NEW YORK NY 10019 0 1 0 0 Chief Financial Officer Common Stock, par value $0.01 per share 2012-02-01 4 D 0 3085 17.70 D 195026 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