RANK PATRICK H 4
4 · NEW CENTURY FINANCIAL CORP · Filed Oct 28, 2003
Insider Transaction Report
Form 4
RANK PATRICK H
Executive Vice President
Transactions
- Exercise/Conversion
Stock Option (Right to Buy)
2003-10-24−27,500→ 100,000 totalExercise: $7.63Exp: 2011-08-01→ Common Stock (27,500 underlying) - Exercise/Conversion
Common Stock
2003-10-24$7.63/sh+27,500$209,825→ 67,662 total - Sale
Common Stock
2003-10-24$35.04/sh−27,500$963,600→ 40,162 total
Footnotes (3)
- [F1]The portion of this stock option grant exercised by the reporting person on October 24, 2003 vested as follows: 15,098 shares vested on August 1, 2002, 3,101 shares vested on December 31, 2002, 3,100 shares vested on March 31, 2003, 3,101 shares vested on June 30, 2003 and 3,100 shares vested on September 30, 2003.
- [F2]This stock option grant was previously reported on a Form 3 filed in May 2002 as covering 85,000 shares. On July 11, 2003, the common stock of New Century Financial Corporation split 3-for-2, and this stock option grant was adjusted to reflect the stock split.
- [F3]This column is not applicable.