0001235668-15-000001.txt : 20150422 0001235668-15-000001.hdr.sgml : 20150422 20150422135602 ACCESSION NUMBER: 0001235668-15-000001 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20150422 DATE AS OF CHANGE: 20150422 SUBJECT COMPANY: 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 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-52325 FILM NUMBER: 15785209 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 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: IGDALOFF BARRY CENTRAL INDEX KEY: 0001235668 FILING VALUES: FORM TYPE: SC 13D/A SC 13D/A 1 13DA2.txt 13D/A2 OMB Number 3235-0145 United States Securities and Exchange Commission Washington DC 20549 Schedule 13D Under the Securities and Exchange Act of 1934 (Amendment No. 2) Novastar Financial, Inc. Name of Issuer Common Stock ($.01 par value per share) Title of Class of Securities CUSIP Number 669947400 Barry Igdaloff PO Box 317 Blacklick, Ohio 43004, 614-939-0166 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) None Date of Event which Requires Filing of this Statement If this filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of 240.13d-1(e) (f) or (g), check the following box / /. Note: Scheduled filed in paper format shall include a signed original and five copies of the schedule including all exhibits. See 240.13D-7 for other parties to who copies are to be sent. *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that Section of the Act, but shall be subject to all other provisions of the Act (however see the Notes). 1 Name of Reporting Person Barry Igdaloff 2 If a member group a) / / b) / / 3 SEC Use only 4 Source of Funds PF 5 Check if Disclosure 6 Citizenship U.S.A. Number of Shares 7 Sole Voting 7,677,463 Beneficially Owned By Each 8 Shared Voting 0 Reporting Person With 9 Sole Dispositive 7,677,463 10 Shared Dispositive 0 11 Aggregate Amount Beneficially owned 7,677,463 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 8.39 % 14 Type of Reporting Person IA Item 1. Security and Issuer Novastar Financial, Inc. Common Stock Par Value .01 CUSIP 669947400 Novastar Financial, Inc. 2114 Central, Suite 600 Kansas City, Missouri 64108 816 237-7000 Item 2. Identity and Background Barry Igdaloff a) Barry Igdaloff b) 2480 Colts Neck Road Blacklick, Ohio 43004 c) Present principal occupation- Investment Advisor Rose Capital 2480 Colts Neck Road Blacklick, Ohio 43004 d) Barry Igdaloff has not been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors, if any) within the last five years. e) Barry Igdaloff has not been party to any civil proceedings of a judicial or administrative body or competent jurisdiction of the type described in Item 2 of Schedule 13D within the last five years. f) U.S.A. Item 3. Source and Amount of Funds or Other Consideration Item 3. is hereby amended to add the following: 887,795 shares were acquired in open market purchases for a total of $382,578 since the last amended 13D filed on 11/14/11. All such shares were purchased with personal funds for investment purposes. No purchases were made in last 60 days. All such shares were purchased by clients of Rose Capital. Item 5. Interest in Securities of the Issuer Item 5. is hereby amended and restated to read as follows: The outstanding Common Shares of the Issuer is 91,479,519 as of April 22, 2015. (a)(b) The aggregate owned by the reporting party is 7,677,463 shares or 8.39% of the outstanding shares. Included in this total is 3,169,568 shares owned by investment advisory clients of Mr. Igdaloff. Mr. Igdaloff has been granted voting and dispositive power for these shares. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: April 22, 2015 /s/ Barry Igdaloff