X0202 4 2007-03-06 0000878520 SWS GROUP INC SWS 0001182222 COBB BRODIE L 1201 ELM STREET SUITE 3500 DALLAS TX 75270 1 Common Stock $.10 Par Value 2007-03-06 4 S 0 100 25.25 D 1046983 I Family Partnership Common Stock $.10 Par Value 2007-03-06 4 S 0 100 25.12 D 1046883 I Family Partnership Common Stock $.10 Par Value 2007-03-06 4 S 0 100 25.27 D 1046783 I Family Partnership Common Stock $.10 Par Value 2007-03-06 4 S 0 100 25.18 D 1046683 I Family Partnership Common Stock $.10 Par Value 2007-03-06 4 S 0 100 25.28 D 1046583 I Family Partnership Common Stock $.10 Par Value 2007-03-06 4 S 0 100 25.14 D 1046483 I Family Partnership Common Stock $.10 Par Value 2007-03-06 4 S 0 200 25.26 D 1046283 I Family Partnership Common Stock $.10 Par Value 2007-03-06 4 S 0 200 25.16 D 1046083 I Family Partnership Common Stock $.10 Par Value 2007-03-06 4 S 0 200 25.09 D 1045883 I Family Partnership Common Stock $.10 Par Value 2007-03-06 4 S 0 300 25.08 D 1045583 I Family Partnership Common Stock $.10 Par Value 2007-03-06 4 S 0 400 25.07 D 1045183 I Family Partnership Common Stock $.10 Par Value 2007-03-06 4 S 0 500 25.06 D 1044683 I Family Partnership Common Stock $.10 Par Value 2007-03-06 4 S 0 600 25.03 D 1044083 I Family Partnership Common Stock $.10 Par Value 2007-03-06 4 S 0 800 25.22 D 1043283 I Family Partnership Common Stock $.10 Par Value 2007-03-06 4 S 0 800 25.21 D 1042483 I Family Partnership Common Stock $.10 Par Value 2007-03-06 4 S 0 800 25.2 D 1041683 I Family Partnership Common Stock $.10 Par Value 2007-03-06 4 S 0 1100 25.04 D 1040583 I Family Partnership Common Stock $.10 Par Value 2007-03-06 4 S 0 1200 25.19 D 1039383 I Family Partnership Common Stock $.10 Par Value 2007-03-06 4 S 0 1200 25.05 D 1038183 I Family Partnership Common Stock $.10 Par Value 2007-03-06 4 S 0 1900 25.02 D 1036283 I Family Partnership Common Stock $.10 Par Value 2007-03-06 4 S 0 2000 25.24 D 1034283 I Family Partnership Common Stock $.10 Par Value 2007-03-06 4 S 0 2100 25.01 D 1032183 I Family Partnership Common Stock $.10 Par Value 2007-03-06 4 S 0 2500 25 D 1029683 I Family Partnership Common Stock $.10 Par Value 2007-03-06 4 S 0 3400 25.23 D 1026283 I Family Partnership Common Stock $.10 Par Value 2007-03-06 4 S 0 4200 25.1 D 1022083 I Family Partnership Common Stock $.10 Par Value 7909 D Sales being made are pursuant to a Plan adopted on 02/17/07 intended to comply with Rule 10b5-1 of the Securities Exchange Act of 1934. Allen R. Tubb, Power of Attorney 2007-03-07