X0201 4 2003-08-01 0 0000931707 MAXCOR FINANCIAL GROUP INC MAXF 0000936895 SCHARF GILBERT D ONE SEAPORT PLAZA 19TH FLOOR NEW YORK NY 10038 1 1 1 0 Chairman, CEO & President Common Stock, par value $.001 2003-08-01 4 F 0 11664 13.695 D 993312 I By Gilbert D. Scharf Living Trust (of which the Reporting Person is sole trustee) Common Stock, par value $.001 2003-08-01 4 M 0 75000 2.13 A 1068312 I By Gilbert D. Scharf Living Trust (of which the Reporting Person is sole trustee) Common Stock, par value $.001 176206 D Option - Right to Buy 2.13 2003-08-01 4 M 0 75000 0 D 1999-08-14 2003-08-13 Common Stock 75000 0 D The reported transactions relate to the Reporting Person's exercise of a stock option grant and payment of the related exercise price through the delivery of shares of common stock held indirectly by the Reporting Person in the Gilbert D. Scharf Living Trust. Upon exercise of the option, the Reporting Person caused the shares of common stock receivable upon the exercise to be delivered to the Trust. The stock option was granted on August 14, 1998 and became exercisable in equal 25% increments on each of the 1st, 2nd, 3rd and 4th anniversaries of the date of grant. /s/ Gilbert D. Scharf 2003-08-05