X0202 4 2005-05-20 1 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 0 1 0 0 Exec VP, Gen Counsel & Secy Common Stock, par value $.001 2005-05-20 4 D 0 92470 14.00 D 0 D Common Stock, par value $.001 2005-05-20 4 D 0 2000 14.00 D 0 I Held in UGMA acount of minor child Common Stock, par value $.001 2005-05-20 4 D 0 500 14.00 D 0 I Held in UTMA account of minor child Option (right to buy) 3.00 2005-05-20 4 D 0 3750 11.00 D 2011-07-02 Common Stock 3750 0 D Option (right to buy) 6.00 2005-05-20 4 D 0 10000 8.00 D 2012-06-30 Common Stock 10000 0 D Option (right to buy) 10.70 2005-05-20 4 D 0 10000 3.30 D 2013-07-21 Common Stock 10000 0 D 4,500 of these shares are jointly owned by the Reporting Person and his spouse. These options, which provided for vesting in four equal installments beginning July 3, 2002, were canceled in the merger of Magnet Acquisition Corp. with and into the Issuer (the "Merger") pursuant to the Agreement and Plan of Merger, dated as of April 4, 2005, by and among the Issuer, BGC Partners, L.P. and Magnet Acquisition Corp. in exchange for a cash payment of $41,250, representing the difference between the exercise price of the option and the $14.00 per share of Common Stock payable as consideration in the Merger. These options, which provided for vesting in four equal installments beginning July 1, 2003, were canceled in the Merger in exchange for a cash payment of $80,000, representing the difference between the exercise price of the option and the $14.00 per share of Common Stock payable as consideration in the Merger. These options, which provided for vesting in four equal installments beginning July 22, 2004, were canceled in the Merger in exchange for a cash payment of $33,000, representing the difference between the exercise price of the option and the $14.00 per share of Common Stock payable as consideration in the Merger. ROGER E. SCHWED 2005-05-24