X0306 4 2016-11-14 0 0001505732 Bankwell Financial Group, Inc. BWFG 0001607543 Bauer George P C/O BANKWELL FINANCIAL GROUP, INC. 220 ELM STREET NEW CANAAN CT 06840 1 0 0 0 Common Stock 200 D Common Stock 2016-11-14 4 S 0 696 26.75 D 184339 I Held in Foundation Common Stock 2016-11-15 4 S 0 3000 26.7700 D 181339 I Held in Foundation Common Stock 2016-11-16 4 S 0 1300 26.85 D 180039 I Held in Fooundation Common Stock 2016-11-17 4 S 0 2000 26.85 D 178039 I Held in Foundation Common Stock 2016-11-18 4 S 0 3792 27.0807 D 174247 I Held in Foundation Common Stock 2016-11-21 4 S 0 4153 27.2654 D 170094 I Held in Foundation Common Stock 2016-11-28 4 S 0 2000 28.40 D 168094 I Held in Foundation Common Stock 2016-12-09 4 S 0 7294 30.3823 D 160800 I Held in Foundation Common Stock 2016-11-22 4 S 0 3094 28.6354 D 284552 D Common Stock 2016-11-23 4 S 0 6784 28.7705 D 277768 D Common Stock 2016-11-25 4 S 0 100 28.75 D 277668 D Common Stock 2016-11-28 4 S 0 84 28.9500 D 277584 D Common Stock 2016-11-29 4 S 0 2099 28.8883 D 275485 D Common Stock 2016-11-30 4 S 0 2667 29.1750 D 272818 D Common Stock 2016-12-01 4 S 0 2009 29.2011 D 270809 D Common Stock 2016-12-02 4 S 0 3264 29.2429 D 267545 D Common Stock 2016-12-05 4 S 0 2005 29.400 D 265540 D Common Stock 2016-12-06 4 S 0 4772 29.4081 D 260768 D Common Stock 2016-12-07 4 S 0 5022 30.0810 D 255746 D Common Stock 2016-12-08 4 S 0 7675 30.1763 D 248071 D 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 today, 600 Shares have vested. Range of reported sale price is $26.75 - $26.80. Reporting person agrees to provide individual transaction information to the SEC upon request. Range of reported sale price is $26.95 - $27.36. Reporting person agrees to provide individual transaction information to the SEC upon request. Range of reported sale price is $27.25 - $27.30. Reporting person agrees to provide individual transaction information to the SEC upon request. Range of reported sale price is $30.25 - $30.50. Reporting person agrees to provide individual transaction information to the SEC upon request. 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. As of today, all Shares have vested. Range of reported sale price is $28.60 - $28.70. Reporting person agrees to provide individual transaction information to the SEC upon request. Range of reported sale price is $28.70 - $28.80. Reporting person agrees to provide individual transaction information to the SEC upon request. Range of reported sale price is $28.80 - $29.06. Reporting person agrees to provide individual transaction information to the SEC upon request. Range of reported sale price is $29.15 - $29.25. Reporting person agrees to provide individual transaction information to the SEC upon request. Range of reported sale price is $29.20 - $29.45. Reporting person agrees to provide individual transaction information to the SEC upon request. Range of reported sale price is $29.20 - $29.50. Reporting person agrees to provide individual transaction information to the SEC upon request. Range of reported sale price is $29.40 - $29.45. Reporting person agrees to provide individual transaction information to the SEC upon request. Range of reported sale price is $29.90 - $30.42. Reporting person agrees to provide individual transaction information to the SEC upon request. Range of reported sale price is $30.11 - $30.40. Reporting person agrees to provide individual transaction information to the SEC upon request. /s/ George P. Bauer by POA 2016-12-14