0001025953-15-000087.txt : 20150812 0001025953-15-000087.hdr.sgml : 20150812 20150812154955 ACCESSION NUMBER: 0001025953-15-000087 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20150810 FILED AS OF DATE: 20150812 DATE AS OF CHANGE: 20150812 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: NOVATION COMPANIES, INC. CENTRAL INDEX KEY: 0001025953 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE AGENTS & MANAGERS (FOR OTHERS) [6531] IRS NUMBER: 742830661 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 2114 CENTRAL STREET 2: STE 600 CITY: KANSAS CITY STATE: MO ZIP: 64108 BUSINESS PHONE: 8162377000 MAIL ADDRESS: STREET 1: 2114 CENTRAL STREET 2: STE 600 CITY: KANSAS CITY STATE: MO ZIP: 64108 FORMER COMPANY: FORMER CONFORMED NAME: NOVASTAR FINANCIAL INC DATE OF NAME CHANGE: 19970723 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: AMSTER HOWARD CENTRAL INDEX KEY: 0000904853 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-13533 FILM NUMBER: 151046909 4 1 wf-form4_143940898558358.xml FORM 4 X0306 4 2015-08-10 0 0001025953 NOVATION COMPANIES, INC. NOVC 0000904853 AMSTER HOWARD C/O NOVATION COMPANIES, INC. 2114 CENTRAL STREET, SUITE 600 KANSAS CITY, MO MO 64108 1 0 0 0 Common Stock 2015-08-10 4 A 0 192308 0 A 3248558 D Common Stock 744232 I Trustee voting rights disclaims beneficial ownership of CRUT Common Stock 30040 I Trustee voting rights disclaims beneficial interest of another individuals shares On May 14, 2015, the Compensation Committee (the "Committee") of the Board of Directors of Novation Companies, Inc. (the "Company") determined that the annual retainer for each non-employee director serving on the Board and the fees for service as a committee chair or lead independent director shall be paid as restricted stock awarded under the 2015 Incentive Stock Plan in an amount equal to the total of such fees for each such director. The number of restricted stock awards was calculated based on the total annual cash compensation for each non-employee director and the closing price of the Company's common stock on the transaction date, as quoted by the OTC Markets' Group inter-dealer quotation service as an OTCQB security. The restricted stock awards shall vest on August 10, 2016. /s/ Howard M. Amster 2015-08-12