X0303 4 2009-06-30 0000878520 SWS GROUP INC SWS 0001249611 THOMPSON W NORMAN 1201 ELM STREET SUITE 3500 DALLAS TX 75270 1 CIO Common Stock $.10 Par Value 2009-08-24 4 A 0 2283 0 A 14392 D Common Stock $.10 Par Value 2009-08-24 4 F 0 262 0 D 14130 D Common Stock $.10 Par Value 2009-08-25 4 F 0 447 0 D 13683 D Common Stock $.10 Par Value 2009-06-30 4 L 0 804 0 A 10567 I 401 (k) Deferred Compensation Phantom Stock 0 2009-06-30 4 A 0 53 0 A Common Stock $.10 Par Value 53 2591 D Restricted Stock Grant Shares withheld for tax liability by withholding vesting of securities under restricted stock grant. Shares of deferred compensation phantom stock become payable in common stock on a 1-for-1 basis upon the reporting person's termination of service with the Issuer or at the election of the reporting person during a sixty (60) day period commencing immediately after the first day of any plan year at least four (4) years after the deferral. Allen R. Tubb, Power of Attorney 2009-08-26