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
|
12/19/2005 |
12/19/2011 |
NovaStar Financial, Inc. Common Stock
|
5,000
|
$
7.16
|
D
|
Â
|
Stock Option
|
12/18/2005 |
12/18/2012 |
NovaStar Financial, Inc. Common Stock
|
3,500
|
$
12.22
|
D
|
Â
|
Stock Option
|
12/18/2006 |
12/18/2012 |
NovaStar Financial, Inc. Common Stock
|
3,500
|
$
12.22
|
D
|
Â
|
Stock Option
|
02/07/2006 |
02/07/2015 |
NovaStar Financial, Inc. Common Stock
|
1,425
|
$
42.13
|
D
|
Â
|
Stock Option
|
02/07/2007 |
02/07/2015 |
NovaStar Financial, Inc. Common Stock
|
1,425
|
$
42.13
|
D
|
Â
|
Stock Option
|
02/07/2008 |
02/07/2015 |
NovaStar Financial, Inc. Common Stock
|
1,425
|
$
42.13
|
D
|
Â
|
Stock Option
|
02/07/2009 |
02/07/2015 |
NovaStar Financial, Inc. Common Stock
|
1,425
|
$
42.13
|
D
|
Â
|
Time-vesting Restricted Stock
(3)
|
02/07/2015 |
Â
(1)
|
NovaStar Financial, Inc. Common Stock
|
1,825
|
$
0
|
D
|
Â
|
Performance based restricted stock
(4)
|
Â
(4)
|
Â
(1)(4)
|
NovaStar Financial, Inc. Common Stock
|
100,000
|
$
0
|
D
|
Â
|
Performance based restricted stock
(2)
|
Â
(2)
|
Â
(1)(2)
|
NovaStar Financial, Inc. Common Stock
|
1,825
|
$
0
|
D
|
Â
|
Time-vesting Restricted Stock
(3)
|
01/28/2006 |
Â
(1)
|
NovaStar Financial, Inc. Common Stock
|
1,000
|
$
0
|
D
|
Â
|
Time-vesting Restricted Stock
(3)
|
01/28/2007 |
Â
(1)
|
NovaStar Financial, Inc. Common Stock
|
1,000
|
$
0
|
D
|
Â
|
Time-vesting Restricted Stock
(3)
|
01/28/2008 |
Â
(1)
|
NovaStar Financial, Inc. Common Stock
|
1,000
|
$
0
|
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) |
Restricted stock is converted to common stock on the exercisable date. Thus, expiration date is not applicable. |
(2) |
These shares represent a performance contingent deferred stock award, no shares of the stock will be issued unless the performance objective is achieved within three years of the transaction date. |
(3) |
Time-vesting restricted stock has voting rights and right to receive dividends at transaction date, but is subject to forfeiture. |
(4) |
These shares represent a performance contingent deferred stock award, no shares of the stock will be issued unless at least the minimum performance objective is achieved within five years of the transaction date. A range of 25,000 to 100,000 shares can be earned based on the range of minimum and maximum performance targets the Company must achieve. |