SEC Form 4 · accession 0000921895-17-002014
NOVATION COMPANIES, INC. · NOVC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Rector
Other
Period of report
Jul 27, 2017
Accepted (ET)
Aug 2, 2017 · 4:33 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001025953
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jul 27, 2017 | A | 1,000,000 | $0.00 | A | 1,000,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reflects shares of restricted stock granted under the 2015 Incentive Stock Plan. 40% of these shares vest on July 27, 2018, 35% of these shares vest on July 27, 2019 and 25% of these shares vest on July 27, 2020, subject to continuous employment with Healthcare Staffing, Inc. through each applicable vesting date.
Remarks
President, Chief Executive Officer and Chief Financial Officer of the Issuer's subsidiary Healthcare Staffing, Inc.