Sec Form 4 Filing - Klein Adam J @ FBR & Co. - 2013-11-26

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

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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1. Name and Address of Reporting Person Klein Adam J 2. Issuer Name and Ticker or Trading Symbol FBR & Co. [ FBRC] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) C/O CRESTVIEW ADVISORS, L.L.C., 667 MADISON AVENUE, 10TH FLOOR 3. Date of Earliest Transaction (MM/DD/YY) 11/26/2013 (Street) NEW YORK, NY10065 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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) Code V Amount (A) or (D) Price Common Stock, par value $0.001 per share ("Common Stock") 11/26/2013 M 61,224 A $ 10.96 0 I See footnotes. ( 1 ) ( 2 ) Common Stock 11/26/2013 M 26,108 A $ 14.52 0 I See footnotes. ( 1 ) ( 2 ) Common Stock 11/26/2013 S 87,332 D $ 25.75 0 I See footnotes. ( 1 ) ( 2 )

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 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 V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Option (Right to Buy) ("Option") $ 10.96 11/26/2013 M 61,224 06/05/2013 06/05/2016 Common Stock 61,224 $ 0 0 ( 1 ) ( 2 ) I ( 1 ) ( 2 ) See footnotes. ( 1 ) ( 2 ) Option $ 14.52 11/26/2013 M 26,108 06/01/2012 06/01/2015 Common Stock 26,108 $ 0 0 ( 1 ) ( 2 ) I ( 1 ) ( 2 ) See footnotes. ( 1 ) ( 2 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Klein Adam J C/O CRESTVIEW ADVISORS, L.L.C. 667 MADISON AVENUE, 10TH FLOOR NEW YORK, NY10065 X Signatures /s/ Evelyn C. Pellicone, Attorney-in-fact 11/27/2013 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The reporting person is member of the board of directors of the issuer and is an employee of Crestview Advisors, L.L.C., which on November 26, 2013, exercised 61,224 options to buy shares of Common Stock of the issuer at an exercise price of $10.96 per share and 26,108 options to buy shares of common stock of the issuer at an exercise price of $14.52 per share, and sold the 87,332 shares underlying such options at a price of $25.75 per share. Crestview Advisors, L.L.C. provides investment advisory and management services to investment funds affiliated with Crestview Partners GP, L.P. (the "Crestview Funds"). On November 26, 2013, the Crestview Funds sold 1,389,480 shares of Common Stock of the issuer that were held indirectly and, following the reported transactions, the Crestview Funds do not directly or indirectly own any shares of common stock of the issuer. ( 2 )The reporting person disclaims beneficial ownership of such securities except and to the extent of his pecuniary interest therein.

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).

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