1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Stock Option
(4)
|
Â
(4)
|
02/07/2015 |
NovaStar Financial, Inc. Common Stock
|
500
|
$
42.13
|
D
|
Â
|
Performance Based Restricted Stock
(5)
|
Â
(5)
|
Â
(5)
|
NovaStar Financial, Inc. Common Stock
|
150
|
$
0
|
D
|
Â
|
Stock Option
(6)
|
Â
(6)
|
02/08/2016 |
NovaStar Financial, Inc. Common Stock
|
1,930
|
$
31.21
|
D
|
Â
|
* |
If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** |
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) |
Time-vesting restricted stock which vests in two equal annual installments of 75 shares beginning on 1/28/2007 and ending on
1/28/2008. These shares have voting rights and rights to receive dividends, but are subject to forfeiture. |
(2) |
Time-vesting restricted stock which vests on 2/7/2015. These shares have voting rights and rights to receive dividends, but
are subject to forfeiture. |
(3) |
Time-vesting restricted stock which vests on 2/8/2011. These shares have voting rights and rights to receive dividends, but
are subject to forfeiture. |
(4) |
Consists of 500 derivatives which vest in four equal annual installments of 125 shares beginning on 2/7/2006 and ending on
2/7/2009. |
(5) |
These shares represent a performance contingent deferred stock award. No shares of stock will be issued unless the
performance target is achieved within three years of the date of award. |
(6) |
Consists of 1,930 derivatives which vest in four annual installments consisting of 482 shares on 2/8/2007, 483 shares on
2/8/2008, 482 shares on 2/8/2009 and 483 shares on 2/8/2010. |