Form 4 Senchak Andrew M For: Apr 16 (10K)

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Senchak Andrew M

(Last)

(First)

(Middle)

C/O KBW, INC., 787 SEVENTH AVENUE

(Street)

NEW YORK

10019

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
KBW, INC. [KBW]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Director, Vice Chairman

3. Date of Earliest Transaction (Month/Day/Year)
04/16/2009

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.01 per share	04/16/2009		S⁽¹⁾		2,260	D	$ 24.01 ⁽²⁾	99,103	D
Common Stock, par value $0.01 per share	04/16/2009		S⁽¹⁾		8,446	D	$ 24.01 ⁽²⁾	84,025	I	Shares held by the Andrew M. Senchak 2007 GRAT
Common Stock, par value $0.01 per share	04/16/2009		S⁽¹⁾		33,274	D	$ 24.01 ⁽²⁾	396,024	I	Shares held by the Andrew M. Senchak 2006 GRAT
Common Stock, par value $0.01 per share	04/17/2009		S⁽¹⁾		1,320	D	$ 24.13 ⁽²⁾	97,783	D
Common Stock, par value $0.01 per share	04/17/2009		S⁽¹⁾		4,934	D	$ 24.13 ⁽²⁾	79,091	I	Shares held by the Andrew M. Senchak 2007 GRAT
Common Stock, par value $0.01 per share	04/17/2009		S⁽¹⁾		19,437	D	$ 24.13 ⁽²⁾	376,587	I	Shares held by the Andrew M. Senchak 2006 GRAT
Common Stock, par value $0.01 per share	04/20/2009		A⁽³⁾		0	A	$ 0	314,126	I	Shares held by the Andrew M. Senchack 2009 GRAT

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Explanation of Responses:
1. Sale was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on December 12, 2008.
2. The price reported represents the weighted average price of shares sold. The shares sold on April 16, 2009 by each of (i) the reporting person directly, (ii) the Andrew M. Senchak 2007 GRAT and (iii) the Andrew M. Senchak 2006 GRAT were sold at varying prices in the range of $24.00 - $24.16. The shares sold on April 17, 2009 by each of (i) the reporting person directly, (ii) the Andrew M. Senchak 2007 GRAT and (iii) the Andrew M. Senchak 2006 GRAT were sold at varying prices in the range of $24.00 - $24.39. Upon the request of the Commission staff, the issuer, or a security holder of the issuer, full information will be provided regarding the number of shares sold at each separate price.
3. This line does not reflect a separate transaction requiring reporting. It is a breakdown of shares indirectly beneficially owned by Mr. Senchak and held in the Andrew M. Senchak 2009 GRAT.
Remarks: ** Signature of Reporting Person

	/s/ Mitchell B. Kleinman, Attorney-in-Fact	04/20/2009
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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