SEC Form 4 · accession 0000921895-18-002475
NOVATION COMPANIES, INC. · NOVC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Howard Amster
Director
Period of report
Aug 17, 2018
Accepted (ET)
Aug 23, 2018 · 2:20 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 | Aug 17, 2018 | A | 833,333 | $0.00 | A | 4,290,224 | D | |
| Common StockF2 | holding | — | — | — | 744,232 | I | By trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Grant of restricted shares of common stock under the Novation Companies, Inc. 2015 Incentive Stock Plan in payment of a portion of the annual base compensation for each non-employee director. The number of restricted shares was calculated based on the closing price of the common stock on the grant date. The restricted shares will vest on August 17, 2019.
- F2These shares are held by a charitable remainder trust of which the reporting person is the trustee. The reporting person disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.