X0306 4 2016-12-13 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 875 D Common Stock 24696 I Deferred Compensation Plan Common Stock 58224 I Held as Trustee Common Stock 136762 D Common Stock 2016-12-13 4 M 0 3050 17.50 A 3050 D Stock Options 17.50 2016-12-13 4 M 0 3050 17.50 D 2006-12-13 2016-12-13 Common Stock 3050 0 D Stock Options 20.70 2007-12-12 2017-12-12 Common Stock 2788 2788 D 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, 2,625 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, all Shares have 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 2016-12-16