Insider Trades - LITTMAN OWEN S

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LITTMAN OWEN S: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
Cowen Group, Inc. Officer NasdaqGS:COWN (historical quotes, profile, other insiders)	15-May-13 5-Nov-12	390,265 22,801 413,066	Direct Indirect Total

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
15-May-13 7,186 COWN Disposition (Non Open Market) at $2.81 per share.
(Value of $20,192)
1-Mar-13 95,786 COWN Acquisition (Non Open Market)
5-Nov-12 *8,299 COWN Disposition (Non Open Market) at $2.47 per share.
(Value of $20,498)
15-Aug-12 50,000 COWN Acquisition (Non Open Market)
15-Aug-12 18,035 COWN Disposition (Non Open Market) at $2.53 per share.
(Value of $45,628)
1-Jun-12 5,612 COWN Disposition (Non Open Market) at $2.49 per share.
(Value of $13,973)
24-Feb-12 101,978 COWN Acquisition (Non Open Market)
1-Dec-11 8,087 COWN Acquisition (Non Open Market) at $0 per share.
2-Nov-11 *8,329 COWN Disposition (Non Open Market) at $2.75 per share.
(Value of $22,904)
2-Sep-11 5,635 COWN Disposition (Non Open Market) at $3.41 per share.
(Value of $19,215)
* Indicates that some (or all) shares are held indirectly (e.g. in a trust, by a spouse, etc.)

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
15-May-13	7,186	COWN	Disposition (Non Open Market) at $2.81 per share. (Value of $20,192)
1-Mar-13	95,786	COWN	Acquisition (Non Open Market)
5-Nov-12	*8,299	COWN	Disposition (Non Open Market) at $2.47 per share. (Value of $20,498)
15-Aug-12	50,000	COWN	Acquisition (Non Open Market)
15-Aug-12	18,035	COWN	Disposition (Non Open Market) at $2.53 per share. (Value of $45,628)
1-Jun-12	5,612	COWN	Disposition (Non Open Market) at $2.49 per share. (Value of $13,973)
24-Feb-12	101,978	COWN	Acquisition (Non Open Market)
1-Dec-11	8,087	COWN	Acquisition (Non Open Market) at $0 per share.
2-Nov-11	*8,329	COWN	Disposition (Non Open Market) at $2.75 per share. (Value of $22,904)
2-Sep-11	5,635	COWN	Disposition (Non Open Market) at $3.41 per share. (Value of $19,215)