SWS Group director just sold 6,731 shares

J Taylor Crandall, a director of SWS Group, recently sold 6,731 shares of the company. The sales took place at $0.00 per share (and therefore, likely the result of option or restricted share grants), on November 20, 2012. Crandall no longer owns any shares of the company. Crandall operates out of Dallas, TX. Some additional info was provided as follows:

Mr. Crandall is a Managing Partner of Oak Hill Capital Management, LLC ("OHCM"). Pursuant to the policies of OHCM and its affiliates and the investment funds it advises, the Reporting Person held the reported securities for the benefit of OHCM and, upon the vesting of the reported securities, assigned all economic, pecuniary and voting rights to OHCM for no consideration. The Reporting Person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owner of any securities covered by this statement. The Reporting Person disclaims beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of such person in such securities.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.

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