SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

FLANAGAN PATRICK J

(Last)

(First)

(Middle)

18400 VON KARMAN, SUITE 1000

(Street)

IRVINE

92612

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
NEW CENTURY FINANCIAL CORP [ NCEN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
08/08/2003

4. If Amendment, Date of Original Filed (Month/Day/Year)

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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/08/2003		M		5,250	A	$6.79	163,974⁽¹⁾	D
Common Stock	08/08/2003		M		3,000	A	$5.59	166,974	D
Common Stock	08/08/2003		M		11,005	A	$7.53	177,979	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (Right to Buy)	$6.79⁽³⁾	08/08/2003		M			5,250⁽³⁾	05/18/2003	05/18/2008	Common Stock	5,250⁽³⁾	$0⁽²⁾	0	D
Stock Option (Right to Buy)	$5.59⁽⁴⁾	08/08/2003		M			3,000⁽⁴⁾	06/30/2003	09/17/2008	Common Stock	3,000⁽⁴⁾	$0⁽²⁾	1,500⁽⁴⁾	D
Stock Option (Right to Buy)	$7.53⁽⁵⁾	08/08/2003		M			11,005⁽⁵⁾	07/11/2003	10/05/2011	Common Stock	11,005⁽⁵⁾	$0⁽²⁾	54,416⁽⁵⁾	D

Explanation of Responses:

1. On July 11, 2003, the common stock of New Century Financial Corporation split 3-for-2, resulting in the reporting person's acquisition of 52,908 additional shares of common stock.

2. This Section is not applicable.

3. This stock option grant was previously reported on a Form 3 filed February 26, 2002, as covering 26,446 shares at an exercise price of $10.19 per share. The reporting person subsequently exercised some of these options and reported such exercises on Form 4's. The options remaining under this stock option grant as of June 12, 2003, the record date of the 3-for-2 stock split, were adjusted on July 11, 2003, to reflect the stock split.

4. This stock option grant was previously reported on a Form 3 filed February 26, 2002, as covering 10,000 shares at an exercise price of $8.38 per share. The reporting person subsequently exercised some of these options and reported such exercises on Form 4's. The options remaining under this stock option grant as of June 12, 2003, the record date of the 3-for-2 stock split, were adjusted on July 11, 2003, to reflect the stock split.

5. This stock option grant was previously reported on a Form 3 filed February 26, 2002, as covering 50,000 shares at an exercise price of $11.30 per share. The reporting person subsequently exercised some of these options and reported such exercises on Form 4's. The options remaining under this stock option grant as of June 12, 2003, the record date of the 3-for-2 stock split, were adjusted on July 11, 2003, to reflect the stock split.

Remarks:

	Jennifer Jewett	08/12/2003
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (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).
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