X0306 4 2016-12-05 0 0001505732 Bankwell Financial Group, Inc. BWFG 0001607405 Fieber James A C/O BANKWELL FINANCIAL GROUP, INC. 220 ELM STREET NEW CANAAN CT 06840 1 0 0 0 Common Stock 700 D Common Stock 21845 I Deferred Compensation Plan Common Stock 272586 I Held as Trustee Common Stock 2016-12-05 4 S 0 10000 29.00 D 206192 D Common Stock 2016-12-06 4 M 0 3850 17.50 A 3850 D Stock Options 17.50 2016-12-06 4 M 0 3850 17.50 D 2006-12-13 2016-12-13 Common Stock 3850 0 D Stock Options 20.70 2007-12-12 2017-12-12 Common Stock 2875 2875 D 2,800 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, 2,100 Shares have vested and been moved to Direct Ownership. 1,500 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. As of the Transaction Date, all 1,500 Shares have vested and been moved to Direct Ownership. 5,663 of Shares reported are owned jointly with Spouse. 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. /s/ James A. Fieber by POA 2016-12-07