X0306 4 2015-11-02 0 0001505732 Bankwell Financial Group, Inc. BWFG 0001607527 Dale Eric J C/O BANKWELL FINANCIAL GROUP, INC. 220 ELM STREET NEW CANAAN CT 06840 1 0 0 0 Common Stock 1200 D Common Stock 1000 D Common Stock 4133 I Deferred Compensation Plan Common Stock 1307 I Deferred Compensation Plan Common Stock 15200 D Common Stock 2000 D Common Stock 2015-11-02 4 M 0 644 14.00 A 644 D Warrants 14.00 2015-10-05 2015-12-05 Common Stock 1065 1065 D Warrants 14.00 2015-11-02 4 M 0 644 14.00 D 2015-10-05 2015-12-05 Common Stock 644 420 D 1,200 shares of restricted stock granted pursuant to the 2012 BNC Financial Group, Inc. Stock Plan and vest in four equal annual installments of 25%, with the first installment to vest on November 5, 2014 and an additional 25% to vest on each annual anniversary of the grant date thereafter. 1,000 shares of restricted stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan. The shares vest in three substantially equal installments - the first immediately on December 15, 2014 and then on each of December 3, 2015 and December 3, 2016. All 1,307 Shares are Units. Each Unit consists of one share of Common Stock and an attached Warrant which gives the Reporting Person the right to purchase .3221 shares of the Company's Common Stock at $14.00 per share once exercised. The exercise period for the Warrants is currently set for October 5, 2015 through December 5, 2015. The associated Common Stock is disclosed in Table I, and the associated Warrants in Table II. These Warrants have not yet been exercised. All 2,000 Shares were Units, upon exercise of the Warrants on November 2, 2015, the Units became Common Stock. Each Unit consists of one share of Common Stock and an attached Warrant which gives the Reporting Person the right to purchase .3221 shares of the Company's Common Stock at $14.00 per share once exercised. The exercise period for the Warrants is currently set for October 5, 2015 through December 5, 2015. The associated Common Stock is disclosed in Table I, and the associated Warrants in Table II. /s/ Eric J. Dale by POA 2015-11-04