X0306 4 2015-12-21 0 0001505732 Bankwell Financial Group, Inc. BWFG 0001607538 Drexler Blake S C/O BANKWELL FINANCIAL GROUP, INC. 220 ELM STREET NEW CANAAN CT 06840 1 0 0 0 Common Stock 1750 D Common Stock 10000 D Common Stock 16697 I Deferred Compensation Plan Common Stock 5800 I Deferred Compensation Plan Common Stock 124937 D Common Stock 2015-12-21 4 M 0 950 15.50 A 950 D Common Stock 58224 I Held as Trustee Stock Options 15.50 2015-12-21 4 M 0 950 15.50 D 2005-12-22 2015-12-22 Common Stock 950 0 D Stock Options 17.50 2006-12-13 2016-12-13 Common Stock 3050 3050 D Stock Options 20.70 2007-12-12 2017-12-12 Common Stock 2788 2788 D Warrants 14.00 2015-10-05 2015-12-05 Common Stock 1868 1868 I Deferred Compensation Plan 3,500 shares of restricted stock granted pursuant to the 2012 BNC Financial Group, Inc. Stock Plan and will 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. As of the Transaction Date, 1,750 Shares have vested. 30,000 shares of restricted stock granted pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan and will vest in three equal annual installments of 10,000 shares, with the first installment to vest immediately on December 9, 2014 and an additional 10,000 shares to vest on December 1, 2015 and December 1, 2016. As of the Transaction Date, 20,000 Shares have vested. All 5,800 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. Stock Options granted pursuant to the 2002 Bank Management, Director and Founder Stock Option Plan, all of which are fully vested. Stock Options granted pursuant to the 2006 Stock Option Plan, all of which are fully vested. Stock Options granted pursuant to the 2007 Bank of New Canaan Stock Option Equity Award Plan, all of which are fully vested. Blake S. Drexler by POA 2015-12-22