X0304 4 2011-11-15 0 0000878520 SWS GROUP INC SWS 0001265131 Hilltop Holdings Inc. 200 CRESCENT COURT, SUITE 1330 DALLAS TX 75201 0 0 1 0 Common Stock 2011-11-15 4 P 0 15000 5.3762 A 372400 D Common Stock 2011-11-16 4 P 0 729400 5.2791 A 1101800 D The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.15 to $5.50, inclusive. The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.24 to $5.50, inclusive. The reporting person undertakes to provide SWS Group, Inc., any security holder of SWS Group, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes (1) and (2) to this Form 4. /s/ Corey G. Prestidge, as General Counsel of Hilltop Holdings Inc. 2011-11-17