ANDERSON W LANCE 4
4 · NOVASTAR FINANCIAL INC · Filed Aug 25, 2011
Insider Transaction Report
Form 4
ANDERSON W LANCE
DirectorChief Executive Officer
Transactions
- Award
Employee Stock Option (right to buy)
2011-03-15+109,750→ 219,500 totalExercise: $0.51From: 2013-12-31Exp: 2021-03-15→ Common Stock (109,750 underlying) - Award
Employee Stock Option (right to buy)
2011-03-15+109,750→ 329,250 totalExercise: $0.51From: 2014-12-31Exp: 2021-03-15→ Common Stock (109,750 underlying) - Award
Employee Stock Option (right to buy)
2011-03-15+109,750→ 109,750 totalExercise: $0.51From: 2012-12-31Exp: 2021-03-15→ Common Stock (109,750 underlying) - Other
Common Stock
2011-08-23$0.43/sh−2,748$1,183→ 0 total(indirect: By 401(k)) - Award
Employee Stock Option (right to buy)
2011-03-15+109,750→ 439,000 totalExercise: $0.51From: 2015-12-31Exp: 2021-03-15→ Common Stock (109,750 underlying)
Holdings
- 36,111(indirect: By Trust)
Common Stock
- 142,936
Common Stock
- 35,729(indirect: By son)
Common Stock
Footnotes (1)
- [F1]In a non-discretionary transaction, the board of directors of NovaStar Financial, Inc. approved the liquidation of the Company Stock Fund in the 401(k) plan, eliminating the Company Stock Fund as an investment alternative, and the plan administrator reinvested the participants accounts into a different fund.