X0303 4 2010-02-05 0 0001063494 KBW, INC. KBW 0001380496 Senchak Andrew M C/O KBW, INC. 787 SEVENTH AVENUE NEW YORK NY 10019 1 1 0 0 Director, Vice Chairman Common Stock, par value $0.01 per share 2010-02-05 4 A 0 27423 0 A 233872 D Common Stock, par value $0.01 per share 2010-02-05 4 A 0 0 0 A 584891 I Shares held by certain Andrew M. Senchak GRATs and a family trust Restricted Stock Award. This restricted stock award will vest one-third on February 23, 2011; one-third on February 23, 2012; and the remaining one-third on February 23, 2013. As described further in the restricted stock award agreements pertaining to such award: (i) vesting of each installment of shares is subject to the establishment and achievement of certain performance measures by KBW, Inc., (ii) vesting would accelerate upon a change in control, death or permanent disability, and (iii) any unvested shares would be forfeited upon certain termination events, including termination for any reason (as set forth in the KBW, Inc. 2009 Incentive Compensation Plan) but excluding retirement, subject to satisfaction of certain conditions precedent. With regard to the 584,891 shares that are indirectly beneficially owned, 267,324 shares are held by the Andrew M. Senchak 2009 Grantor Retained Annuity Trust ("GRAT"), 66,705 shares are held by the Andrew M. Senchak 2007 GRAT and 250,862 shares are held by the Andrew Senchak Family Trust. /s/ Mitchell B. Kleinman, Attorney-in-Fact 2010-02-09