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"Insiders might sell their shares for any number of reasons, but they buy them for only one:
they think the price will rise" - Peter Lynch ==>> What is insider trading>> |

| Transaction & Date | Reported Date |
Company | Symbol | Insider Relationship |
Shares Traded | Average Price | Total Amount |
Shares Ownership |
Filing |
| 2008-09-18 Option Award |
2008-09-18 1:29 pm | FBR CAPITAL MARKETS CORP | FBCM | KIERNAN ROBERT J (Senior VP, Controller and CAO) | 15,000 | $4.76 | $71,400 | 25,000 (Direct) | View |
| 2007-06-08 Option Award |
2007-06-11 5:41 pm | FBR CAPITAL MARKETS CORP | FBCM | KIERNAN ROBERT J (Senior VP, Controller and CAO) | 10,000 | $0 | $0 | 10,000 (Direct) |
View |
| 2007-01-12 Other |
2007-01-16 3:34 pm |
FRIEDMAN BILLINGS RAMSEY GROUP INC | FBR | KIERNAN ROBERT J (Controller,Chief Acctg Officer) | 4,319 | $8.25 | $35,632 | 10,009 (Direct) |
View |
| 2005-12-30- -2006-06-30 Other |
2006-07-05 4:07 pm | FRIEDMAN BILLINGS RAMSEY GROUP INC | FBR | KIERNAN ROBERT J (Controller,Chief Acctg Officer) | 1,360 | $8.499 | $11,558 | 4,810 (Direct) |
View |
| 2004-12-31- -2005-06-30 Other | 2005-07-05 3:43 pm |
FRIEDMAN BILLINGS RAMSEY GROUP INC | FBR | KIERNAN ROBERT J (Controller,Chief Acctg Officer) | 868 | $13.72 | $11,910 | 3,061 (Direct) | View |
| 2004-06-30 Other | 2004-07-01 6:00 pm | FRIEDMAN BILLINGS RAMSEY GROUP INC | FBR | KIERNAN ROBERT J (Controller,Chief Acctg Officer) | 285 | $18.41 | $5,247 | 2,193 (Direct) |
View |
| 2004-03-01 Option Award |
2004-03-03 4:09 pm | FRIEDMAN BILLINGS RAMSEY GROUP INC | FBR | KIERNAN ROBERT J (Controller,Chief Acctg Officer) | 1,000 | $0 | $0 | 1,908 (Direct) | View |
| 2003-12-31 Other | 2004-01-05 4:55 pm |
FRIEDMAN BILLINGS RAMSEY GROUP INC | FBR | KIERNAN ROBERT J (Controller,Chief Acctg Officer) | 353 | $12.73 | $4,494 | 908 (Direct) | View |
| Transaction & Date | Reported Date | Exercisable Expiration | Company | Symbol | Insider Relationship | Shares Traded | Conversion Price | Shares Ownership |
Filing |
| 2004-06-30 Option Award | 2004-07-02 3:42 pm | N/A 2009-06-30 | FRIEDMAN BILLINGS RAMSEY GROUP INC | FBR | KIERNAN ROBERT J (Controller,Chief Acctg Officer) | 2,000 | $19.38 | 7,000 (Direct) |
View |
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