1. Name and Address of Reporting Person * |
Â
SCHWATKEN RODNEY E |
|
2. Date of Event Requiring Statement (Month/Day/Year) 01/03/2008 |
3. Issuer Name and Ticker or Trading Symbol NOVASTAR FINANCIAL INC [NFI]
|
C/O NOVASTAR FINANCIAL INC, 8140 WARD PARKWAY |
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director |
_____ 10% Owner |
__X__ Officer (give title below) |
_____ Other (specify below) |
Chief Financial Officer |
|
5. If Amendment, Date Original Filed(Month/Day/Year)
|
KANSAS CITY, MO 64114 |
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
|
|
Table I - Non-Derivative Securities Beneficially Owned |
|
1.Title of Security (Instr. 4) |
2. Amount of Securities Beneficially Owned (Instr. 4) |
3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) |
4. Nature of Indirect Beneficial Ownership (Instr. 5) |
NovaStar Financial, Inc. Common Stock
|
2,137
|
D
|
Â
|
NovaStar Financial, Inc. Common Stock
(4)
|
47
|
D
|
Â
|
NovaStar Financial, Inc. Common Stock
(5)
|
44
|
D
|
Â
|
NovaStar Financial, Inc. Common Stock
(6)
|
103
|
D
|
Â
|
NovaStar Financial, Inc. Common Stock
(7)
|
376
|
D
|
Â
|
NovaStar Financial, Inc. Common Stock
|
5,088
|
I
|
By Rodney E. Schwatken Trust
|
|
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
(2)
|
Â
(2)
|
02/07/2015 |
NovaStar Financial, Inc. Common Stock
(2)
|
125
(2)
|
$
168.52
(2)
|
D
(2)
|
Â
|
Stock Option
(1)
|
Â
(1)
|
02/08/2016 |
NovaStar Financial, Inc. Common Stock
(1)
|
234
(1)
|
$
124.84
(1)
|
D
(1)
|
Â
|
Stock Option
(3)
|
Â
(3)
|
03/14/2017 |
NovaStar Financial, Inc. Common Stock
(3)
|
643
(3)
|
$
16.72
(3)
|
D
(3)
|
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) |
Consists of 234 derivatives which vest in four annual installments of 58 shares on 2/8/2007, 59 shares on 2/8/2008, 58 shares
on 2/8/2009, and 59 shares on 2/8/2010. |
(2) |
Consists of 125 derivatives which vest in four annual installments of 31 shares on 2/7/2006, 31 shares on 2/7/2007, 31 shares
on 2/7/2008, and 32 shares on 2/7/2009. |
(3) |
Consists of 643 derivatives which vest in four annual installments of 160 shares on 3/14/2008, 161 shares on 3/14/2009, 161
shares on 3/14/2010, and 161 shares on 3/14/2011. |
(4) |
Time-vesting restricted stock which vest on 1/28/2008. These shares have voting rights and rights to receive dividends, but
are subject to forfeiture. |
(5) |
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. |
(6) |
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. |
(7) |
Time-vesting restricted stock which vests on 3/14/2012. These shares have voting rights and rights to receive dividends, but
are subject to forfeiture. |