X0306 4 2017-01-10 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 200042 D Common Stock 2017-01-10 4 A 0 1000 0 A 1000 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. 5,663 of Shares reported are owned jointly with Spouse. 1,000 shares of restricted stock granted on January 10, 2017, pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan and will vest in two equal annual installments of 500 shares, with the first installment to vest on December 29, 2017 and the remaining 500 shares to vest on December 31, 2018. 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 2017-01-12