X0201 42003-08-04 0000931707 MAXCOR FINANCIAL GROUP INC MAXF 0001032534 SCHWED ROGER E C/O MAXCOR FINANCIAL GROUP INC. ONE SEAPORT PLAZA, 19TH FLOOR NEW YORK NY 10038 0100Exec. VP, Gen. Counsel & Sec.Common Stock, par value $.0012003-08-044F01498113.265D4519DCommon Stock, par value $.0012003-08-044M0250002.00A29519DCommon Stock, par value $.0012003-08-044M0250002.00A54519DCommon Stock, par value $.0012003-08-044M0200002.00A74519DCommon Stock, par value $.0012003-08-044M0225002.61A97019DCommon Stock, par value $.0012000IHeld in UGMA account of minor childCommon Stock, par value $.001500IHeld in UGMA account of minor childOption -- Right to Buy2.002003-08-044M0250000D1997-10-012006-09-30Common Stock250000DOption -- Right to Buy2.002003-08-044M0250000D1998-02-042007-02-03Common Stock250000DOption -- Right to Buy2.002003-08-044M0200000D1999-08-142008-08-13Common Stock200000DOption -- Right to Buy2.612003-08-044M0225000D2001-02-152010-02-14Common Stock225000DThe reported transactions relate to the Reporting Person's exercise of stock option grants and payment of the related exercise prices through the delivery of shares of common stock held by the Reporting Person, individually or jointly with his spouse. Of the 14,981 shares delivered to pay exercise prices, 11,000 were jointly owned by the Reporting Person and his spouse. Of the 97,019 shares held after exercise of all options reported herein, 4,500 are jointly owned by the Reporting Person and his spouse.The stock option was granted on October 1, 1996 and became exercisable in equal 20% increments on each of the 1st, 2nd, 3rd, 4th and 5th anniversaries of the date of grant.The stock option was granted on February 4, 1997 and became exercisable in equal 20% increments on each of the 1st, 2nd, 3rd, 4th and 5th anniversaries of the date of grant.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.The stock option was granted on February 15, 2000 and becomes exercisable in equal 25% increments on each of the 1st, 2nd, 3rd and 4th anniversaries of the date of grant.ROGER E. SCHWED2003-08-06