X0202 4 2006-01-20 0 0000009235 BKF CAPITAL GROUP INC BKF 0001342448 Friedman Philip Warren C/O BKF CAPITAL GROUP, INC. ONE ROCKEFELLER PLAZA NEW YORK NY 10020 0 0 0 1 See Remarks Common Stock, par value $1.00 per share ("Common Stock") 2006-01-20 4 A 0 4700 0 A 4700 D On January 20, 2006, the Reporting Person was granted 4,700 shares of restricted common stock under the BKF Capital Group, Inc. 1998 Incentive Compensation Plan. These shares will vest on December 31, 2006. Mr. Friedman is the Chief Investment Officer of BKF Asset Management, Inc., a wholly owned subsidiary of the issuer. /s/ Philip Warren Friedman 2006-01-24