-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, H9IH7AkeghmPAfOMnDhq+/0o/lWhA08QGJtjPrJQOtkL9Q15bSiDZdf9fSTCCdcc 0h+4kwlHY2jmrxMUFur6Xw== 0001137185-06-000003.txt : 20060807 0001137185-06-000003.hdr.sgml : 20060807 20060807092358 ACCESSION NUMBER: 0001137185-06-000003 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060807 DATE AS OF CHANGE: 20060807 GROUP MEMBERS: AMSTER LIMITED PARTNERSHIP GROUP MEMBERS: AMSTER TRADING COMPANY GROUP MEMBERS: AMSTER TRADING COMPANY CHARITABLE REMAINDER UNITRUSTS GROUP MEMBERS: DAVID ZLATIN GROUP MEMBERS: GILDA ZLATIN GROUP MEMBERS: HOWARD AMSTER GROUP MEMBERS: HOWARD AMSTER 2005 CHARITABLE REMAINDER UNITRUST GROUP MEMBERS: PLEAANT LAKE APARTMENTS LIMITED PARTNERSHIP GROUP MEMBERS: PLEASANT LAKE APARTMENTS CORPORATION GROUP MEMBERS: RAMAT SECURITIES LTD. GROUP MEMBERS: SAMUEL J. HELLER GROUP MEMBERS: SAMUEL J. HELLER IRREVOCABLE TRUST GROUP MEMBERS: TOVA FINANCIAL, INC. GROUP MEMBERS: TOVA FINANCIAL, INC. CHARITABLE REMAINDER UNITRUST GROUP MEMBERS: ZAK GROUP, LTD. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NEW CENTURY FINANCIAL CORP CENTRAL INDEX KEY: 0001287286 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 562451736 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-80351 FILM NUMBER: 061007433 BUSINESS ADDRESS: STREET 1: 18400 VON KARMAN STREET 2: SUITE 1000 CITY: IRVINE STATE: CA ZIP: 92612 BUSINESS PHONE: 9494407030 MAIL ADDRESS: STREET 1: 18400 VON KARMAN STREET 2: SUITE 1000 CITY: IRVINE STATE: CA ZIP: 92612 FORMER COMPANY: FORMER CONFORMED NAME: NEW CENTURY REIT INC DATE OF NAME CHANGE: 20040416 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RAMAT SECURITIES LTD CENTRAL INDEX KEY: 0001137185 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 23811 CHAGRIN BLVD STREET 2: SUITE 200 CITY: BEACHWOOD STATE: OH ZIP: 44122 BUSINESS PHONE: 2165950987 MAIL ADDRESS: STREET 1: 23811 CHAGRIN BLVD STREET 2: SUITE 200 CITY: BEACHWOOD STATE: OH ZIP: 44122 SC 13D 1 newcentury.txt OMB Number 3235-0145 United States Securities and Exchange Commission Washington DC 20549 Schedule 13D Under the Securities and Exchange Act of 1934 New Century Financial Corporation Name of Issuer common stock Title of Class of Securities CUSIP Number 6435EV108 Howard Amster, 23811 Chagrin Blvd., Suite 200 Beachwood, Ohio 44122-5525, 216 595-1047 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) July 31, 2006 (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 Howard Amster 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds PF 5 Check if Disclosure 6 Citizenship U.S.A. Number of Shares 7 Sole Voting 1,493,571 Beneficially Owned By Each 8 Shared Voting 1,543,429 Reporting Person With 9 Sole Dispositive 1,493,571 10 Shared Dispositive 1,543,429 11 Aggregate Amount Beneficially owned 2,003,171 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 3.55 % 14 Type of Reporting Person IN 1 Name of Reporting Person Howard M Amster 2005 Charitable Remainder Unitrust 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds AF 5 Check if Disclosure 6 Citizenship U.S.A. Number of Shares 7 Sole Voting Beneficially Owned By Each 8 Shared Voting 131,394 Reporting Person With 9 Sole Dispositive 10 Shared Dispositive 131,394 11 Aggregate Amount Beneficially owned 131,394 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 0.23 % 14 Type of Reporting Person OO 1 Name of Reporting Person Amster Limited Partnership 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds WC 5 Check if Disclosure 6 Citizenship USA Number of Shares 7 Sole Voting Beneficially Owned By Each 8 Shared Voting 3,200 Reporting Person With 9 Sole Dispositive 10 Shared Dispositive 3,200 11 Aggregate Amount Beneficially owned 3,200 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 0.00 % 14 Type of Reporting Person PN 1 Name of Reporting Person Amster Trading Company 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds WC 5 Check if Disclosure 6 Citizenship USA Number of Shares 7 Sole Voting Beneficially Owned By Each 8 Shared Voting 1,109,660 Reporting Person With 9 Sole Dispositive 10 Shared Dispositive 1,109,660 11 Aggregate Amount Beneficially owned 209,900 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 0.37 % 14 Type of Reporting Person CO 1 Name of Reporting Person Amster Trading Company Charitable Remainder Unitrusts 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds AF 5 Check if Disclosure 6 Citizenship Number of Shares 7 Sole Voting Beneficially Owned By Each 8 Shared Voting 899,760 Reporting Person With 9 Sole Dispositive 10 Shared Dispositive 899,760 11 Aggregate Amount Beneficially owned 899,760 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 1.60 % 14 Type of Reporting Person OO 1 Name of Reporting Person Samuel J Heller 2 If a member group a) / / c) /X/ 3 SEC Use only 4 Source of Funds PF 5 Check if Disclosure 6 Citizenship U.S.A. Number of Shares 7 Sole Voting Beneficially Owned By Each 8 Shared Voting 2,675 Reporting Person With 9 Sole Dispositive 10 Shared Dispositive 2,675 11 Aggregate Amount Beneficially owned 2,675 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 0.00 % 14 Type of Reporting Person IN 1 Name of Reporting Person Samuel J Heller Irrevocable Trust 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds OO 5 Check if Disclosure 6 Citizenship U.S.A. Number of Shares 7 Sole Voting Beneficially Owned By Each 8 Shared Voting 2,675 Reporting Person With 9 Sole Dispositive 10 Shared Dispositive 2,675 11 Aggregate Amount Beneficially owned 2,675 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 0.00 % 14 Type of Reporting Person OO 1 Name of Reporting Person Pleasant Lake Apts. Corp. 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds WC 5 Check if Disclosure 6 Citizenship U.S.A. Number of Shares 7 Sole Voting Beneficially Owned By Each 8 Shared Voting 26,000 Reporting Person With 9 Sole Dispositive 10 Shared Dispositive 26,000 11 Aggregate Amount Beneficially owned 26,000 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 0.04 % 14 Type of Reporting Person CO 1 Name of Reporting Person Pleasant Lake Apts. Ltd. Partnership 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds 00 5 Check if Disclosure 6 Citizenship U.S.A. Number of Shares 7 Sole Voting Beneficially Owned By Each 8 Shared Voting 26,000 Reporting Person With 9 Sole Dispositive 10 Shared Dispositive 26,000 11 Aggregate Amount Beneficially owned 26,000 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 0.04 % 14 Type of Reporting Person 00 1 Name of Reporting Person Ramat Securities Ltd. 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds WC 5 Check if Disclosure 6 Citizenship U.S.A. Number of Shares 7 Sole Voting Beneficially Owned By Each 8 Shared Voting 270,500 Reporting Person With 9 Sole Dispositive 10 Shared Dispositive 270,500 11 Aggregate Amount Beneficially owned 270,500 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 0.5 % 14 Type of Reporting Person BD 1 Name of Reporting Person Tova Financial, Inc. 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds WC 5 Check if Disclosure 6 Citizenship USA Number of Shares 7 Sole Voting Beneficially Owned By Each 8 Shared Voting 8,341 Reporting Person With 9 Sole Dispositive 10 Shared Dispositive 8,341 11 Aggregate Amount Beneficially owned 3,100 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 0.00 % 14 Type of Reporting Person CO 1 Name of Reporting Person Tova Financial, Inc. Charitable Remainder Unitrust 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds AF 5 Check if Disclosure 6 Citizenship Number of Shares 7 Sole Voting Beneficially Owned By Each 8 Shared Voting 5,241 Reporting Person With 9 Sole Dispositive 10 Shared Dispositive 5,241 11 Aggregate Amount Beneficially owned 5,241 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 0.01 % 14 Type of Reporting Person OO 1 Name of Reporting Person ZAK Group LLC 2 If a member group a) / / b) /X/ 3 SEC Use only 4 Source of Funds WC 5 Check if Disclosure 6 Citizenship U.S.A. Number of Shares 7 Sole Voting Beneficially Owned By Each 8 Shared Voting 2,100 Reporting Person With 9 Sole Dispositive 10 Shared Dispositive 2,100 11 Aggregate Amount Beneficially owned 2,100 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 0.00 % 14 Type of Reporting Person OO 1 Name of Reporting Person David Zlatin 2 If a member group a) / / d) /X/ 3 SEC Use only 4 Source of Funds PF 5 Check if Disclosure 6 Citizenship U.S.A. Number of Shares 7 Sole Voting 1,351 Beneficially Owned By Each 8 Shared Voting 280,941 Reporting Person With 9 Sole Dispositive 1,351 10 Shared Dispositive 280,941 11 Aggregate Amount Beneficially owned 277,051 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 0.5 % 14 Type of Reporting Person IN 1 Name of Reporting Person Gilda Zlatin 2 If a member group a) / / e) /X/ 3 SEC Use only 4 Source of Funds PF 5 Check if Disclosure 6 Citizenship U.S.A. Number of Shares 7 Sole Voting 314 Beneficially Owned By Each 8 Shared Voting 8,341 Reporting Person With 9 Sole Dispositive 314 10 Shared Dispositive 8,341 11 Aggregate Amount Beneficially owned 3,414 12 Check if Aggregate Amount (11) Excludes Certain Shares 13 Percent of Class Represented by amount in row (11) 0.00 % 14 Type of Reporting Person IN Item 1. Security and Issuer New Century Financial Corporation common stock New Century Financial Corporation 18400 Von Karman, Suite 1000 Irvine, California 92612 949 440 7030 CUSIP Number 6435EV108 Item 2. Identity and Background Howard Amster a) Howard Amster b) 23811 Chagrin Blvd., # 200, Beachwood, Ohio 44122-5525 c) Present principal occupation- Real Estate Operator 23811 Chagrin Blvd. # 200, Beachwood, Oh 44122-5525 d) Howard Amster has not been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors, if any) within the last five years. e) Howard Amster 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. Howard M Amster 2005 Charitable Remainder Unitrust Howard M Amster 2005 Charitable Remainder Unitrust has been funded by Howard Amster . Because Howard Amster has the right to change the trustee of the trust, he can be deemed to have the right to shared voting and dispositive power over any security owned by the trust. While Howard Amster receives certain income distributions from the trust, the assets owned by the trust benefits charitable purposes. Howard Amster disclaims beneficial ownership of the securities owned by the trust. Howard Amster is the sole trustee of the Howard M Amster 2005 Charitable Remainder Unitrust, although he has no pecuniary interest in the trust and therefore disclaims beneficial ownership of shares owned by the trust. a) Howard M Amster 2005 Charitable Remainder Unitrust b) 23811 Chagrin Blvd., # 200 Beachwood, Ohio 44122-5525 c) Charitable Remainder Unitrust d) Neither Howard Amster or the trustee have been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors, if any) within the last five years. e) Neither Howard Amster or the trustee have been a party to any civil proceedings of a judicial or administrative body or competent jurisdictions of the type described in Item 2 of Schedule 13D within the last five years. f) U.S.A. Amster Limited Partnership Howard Amster is a 10 % owner and General Partner of Amster Limited Partnership and as such can be deemed the beneficial owner of such entity and may be deemed to have shared voting and dispositive power over shares owned by Amster Limited Partnership. a) Amster Limited Partnership b) 23811 Chagrin Blvd., # 200 Beachwood, Ohio 44122-5525 c) Investments d) Neither the officers, directors or partners of Amster Ltd. Partnership have been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors, if any) within the last five years. e) Neither the officers, directors or partners of Amster Ltd. Partnership have been a party to any civil proceedings of a judicial or administrative body or competent jurisdictions of the type described in Item 2 of Schedule 13D within the last five years. f) U.S.A. Amster Trading Company Howard Amster is the 100% owner of Amster Trading Company and as such can be deemed the beneficial owner of such entity and may be deemed to have shared voting and dispositive power over shares owned by Amster Trading Company. a) Amster Trading Company b) 23811 Chagrin Blvd., # 200 Beachwood, Ohio 44122-5525 c) Investments d) Neither the officers, directors, or shareholder of Amster Trading Company have been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors, if any) within the last five years. e) Neither the officers, directors, or shareholder of Amster Trading Company have been a party to any civil proceedings of a judicial or administrative body or competent jurisdictions of the type described in Item 2 of Schedule 13D within the last five years. f) U.S.A. Amster Trading Company Charitable Remainder Unitrusts Amster Trading Company Charitable Remainder Unitrusts have been funded by Amster Trading Company. Because Amster Trading Company has the right to change the trustee of the trusts, it can be deemed to have the right to shared voting and dispositive power over any security owned by the trusts. While Amster Trading Company receives certain income distributions from the trusts, the assets owned by the trusts benefits charitable purposes. Amster Trading Company disclaims beneficial ownership of the securities owned by these trusts. Howard Amster is the sole trustee of the Amster Trading Company Charitable Remainder Unitrusts although he has no pecuniary interest in the trusts and therefore disclaims beneficial ownership of shares owned by the trusts. a) Amster Trading Company Charitable Remainder Unitrusts b) 23811 Chagrin Blvd., # 200 Beachwood, Ohio 44122-5525 c) Charitable Remainder Unitrusts d) Neither the officers, directors, or shareholders of Amster Trading Company have been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors, if any) within the last five years. e) Neither the officers, directors, or shareholders of Amster Trading Company have been a party to any civil proceedings of a judicial or administrative body or competent jurisdictions of the type described in Item 2 of Schedule 13D within the last five years. f) U.S.A. Samuel J Heller a) Samuel J Heller b) 1550 N Stapley Drive, # 131 Mesa, Arizona 85203-3710 c) Student d) Samuel J Heller has not been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors, if any) within the last five years. e) Samuel J Heller 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. Samuel J Heller Irrevocable Trust Howard Amster is a co-trustee of the Samuel J Heller Irrevocable Trust. Mr. Amster can be deemed to have the right to shared voting and dispositive power over any security owned by the trust. Mr. Amster has no pecuniary interest in the trust and therefore disclaims beneficial ownership of shares owned by the trust. a) Samuel J Heller Irrevocable Trust b) 1550 N Stapley Drive, # 131 Mesa, Arizona 85203-3710 c) Irrevocable Trust d) Neither Howard Amster as trustee or the other trustees have been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors, if any) within the last five years. e) Neither Howard Amster as trustee or the other trustees have been a party to any civil proceedings of a judicial or administrative body or competent jurisdictions of the type described in Item 2 of Schedule 13D within the last five years. f) U.S.A. Pleasant Lake Apts. Corp. Howard Amster is the 100 % owner of Pleasant Lake Apts. Corp. and as such can be deemed the beneficial owner of such entity and may be deemed to have shared voting and dispositive power over shares owned by Pleasant Lake Apts. Ltd. Corp. a) Pleasant Lake Apts. Corp. b) 23811 Chagrin Blvd., # 200 Beachwood, Ohio 44122-5525 c) Investments d) Neither the officers, directors or shareholder of Pleasant Lake Apts. Corp. have been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors, if any) within the last five years. e) Neither the officers, directors or shareholder of Pleasant Lake Apts. Corp. have been a party to any civil proceedings of a judicial or administrative body or competent jurisdictions of the type described in Item 2 of Schedule 13D within the last five years. f) U.S.A. Pleasant Lake Apts. Ltd. Partnership Howard Amster is the 99.75 % owner of Pleasant Lake Apts. Ltd. Partnership and as such can be deemed the beneficial owner of such entity and may be deemed to have shared voting and dispositive power over shares owned by Pleasant Lake Apts. Ltd. Partnership. Pleasant Lake Apts. Corp. is the General Partner of Pleasant Lake Apts. Ltd. Partnership and as such can be deemed the beneficial owner of such entity and may be deemed to have shared voting and dispositive power over shares owned by Pleasant Lake Apts. Ltd. Partnership. a) Pleasant Lake Apts. Ltd. Partnership b) 7530 Lucerne Drive, # 101 Middleburg Heights, Ohio 44130 c) Real Estate d) Neither the officers, directors or partners of Pleasant Lake Apts. Ltd. Partnership have been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors, if any) within the last five years. e) Neither the officers, directors or partners of Pleasant Lake Apts. Ltd. Partnership have been a party to any civil proceedings of a judicial or administrative body or competent jurisdictions of the type described in Item 2 of Schedule 13D within the last five years. f) U.S.A. Ramat Securities Ltd., 23811 Chagrin Blvd., # 200, Beachwood, Ohio 44122 Securities Firm David Zlatin and Howard Amster are the unitholders of Ramat Securities Ltd., an Ohio Limited Liability Company. David Zlatin is a 17 % owner/principal of Ramat Securities Ltd. and has joint control of voting and dispositive power over all securities owned by Ramat Securities Ltd. While David Zlatin directly or indirectly does not beneficially own 5 % of New Century Financial Corporation, he because of such voting and dispositive power, might be deemed a beneficial owner of these shares owned by Ramat Securities Ltd. Howard Amster is an 83 % owner/principal of Ramat Securities Ltd. and has joint voting or dispositive power over any securities owned by Ramat Securities Ltd., but by being an 83 % owner can be deemed a beneficial owner of all securities owned by Ramat Securities Ltd. d) Neither the members or unitholders of Ramat Securities Ltd. have been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors, if any) within the last five years. e) Neither the members or unitholders of Ramat Securities Ltd. have been a party to any civil proceedings of a judicial or administrative body or competent jurisdictions of the type described in Item 2 of Schedule 13D within the last five years. f) U.S.A. Tova Financial, Inc. David Zlatin is a 50 % owner of Tova Financial, Inc. and as such can be deemed the beneficial owner of such entity and may be deemed to share shared voting and dispositive power over shares owned by Tova Financial, Inc. Gilda Zlatin is a 50 % owner of Tova Financial, Inc. and as such can be deemed the beneficial owner of such entity and may be deemed to share shared voting and dispositive power over shares owned by Tova Financial, Inc. a) Tova Financial, Inc. b) 2562 Biscayne Blvd. Beachwood, Ohio 44122-1773 c) Investments d) Neither the officers, directors or shareholders of Tova Financial Inc. have been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors, if any) within the last five years. e) Neither the officers, directors or shareholders of Tova Financial Inc. have been a party to any civil proceedings of a judicial or administrative body or competent jurisdictions of the type described in Item 2 of Schedule 13D within the last five years. f) U.S.A. Tova Financial, Inc., Charitable Remainder Unitrust Tova Financial, Inc., Charitable Remainder Unitrust has been Funded by Toval Financial, Inc. Because Tova Financial, Inc. has the right to change the trustee of the trust, it can be deemed to have the right to shared voting and dispositive power over any security owned by the trust. While Tova Financial, Inc. receives certain income distributions from the trust, the assets owned by the trust benefits charitable purposes. Tova Financial Inc. disclaims beneficial ownership of the securities owned by the trust. David Zlatin and Gilda Zlatin are co-trustees of the Tova Financial, Inc. Charitable Remainder Unitrust, although they have no pecuniary interest in the trust and therefore disclaim beneficial ownership of shares owned by the trust. a) Tova Financial, Inc., Charitable Remainder Unitrust b) 2562 Biscayne Blvd. Beachwood, Ohio 44122-1773 c) Charitable Remainder Unitrust d) Neither the officers, directors, or shareholders of Tova Financial, Inc. have been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors, if any) within the last five years. e) Neither the officers, directors, or shareholders of Tova Financial, Inc. have been a party to any civil proceedings of a judicial or administrative body or competent jurisdictions of the type described in Item 2 of Schedule 13D within the last five years. ZAK Group LLC David Zlatin is a 36 % owner of ZAK Group LLC and as such can be deemed to be a beneficial owner of such entity and may be deemed to have shared voting and dispositive power shares owned by ZAK Group LLC. Amster Limited Partnership is a 28 % owner of ZAK Group LLC and as such can be deemed to be a beneficial owner of such entity and may be deemed to have shared voting and dispositve power owned by ZAK Group LLC. a) ZAK Group LLC b) 221 Allynd Blvd., Chardon, Ohio 44024-1010 c) Investments d) Neither the officers, directors or members of ZAK Group LLC have been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors, if any) within the last five years. e) Neither the officers, directors or members of ZAK Group LLC have been a party to any civil proceedings of a judicial or administrative body of competent jurisdiction of the type described in Item 2 of Schedule 13D within the last five years. David Zlatin David Zlatin and Gilda Zlatin are husband and wife. Except for Tova Financial, Inc., and Tova Financial, Inc. Charitable Remainder Unitrust, each disclaims any shared voting and dispositive power over shares of New Century Financial Corporation that each may own as a beneficial owner. a) David Zlatin b) 2562 Biscayne Blvd., Beachwood, Ohio 44122-1773 c) Present principal occupation- Principal, Ramat Securities Ltd., securities firm- 23811 Chagrin Blvd. # 200, Beachwood, Oh 44122-5525 d) David Zlatin has not been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors, if any) within the last five years. e) David Zlatin 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. Gilda Zlatin David Zlatin and Gilda Zlatin are husband and wife. Except for Tova Financial, Inc., and Tova Financial, Inc. Charitable Remainder Unitrust, each disclaims any shared voting and dispositive power over shares of New Century Financial Corporation that each may own as a beneficial owner. a) Gilda Zlatin b) 2562 Biscayne Blvd., Beachwood, Ohio 44122-1773 c) Present principal occupation- Teacher On leave/sabbatical. d) Gilda Zlatin has not been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors, if any) within the last five years. e) Gilda Zlatin 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. For information purposes only Clients and employees (excluding Mr. Amster and Mr. Zlatin) of Ramat Securities own 111,286 shares of New Century Financial Corporation or 0.20 % of the Registrant's common shares. Clients and employees (excluding Mr. Amster and Mr. Zlatin) of Ramat Securities Ltd. do not have ownership, no shared voting, no dispositive power, no pecuniary interest in in any shares in Registrant's common shares nor to any other securities owned directly or indirectly by Ramat Securities Ltd. Clients and employees of Ramat Securities Ltd. (excluding Mr. Amster and Mr. Zlatin) disclaim being a member of this group. Ramat Securities has no ownership, no shared voting, no dispositive, no pecuniary interest in Registrant's common shares nor in any other securities owned directly or indirectly by its clients or employees (excluding Mr. Amster and Mr. Zlatin). Item 3. Source and Amount of Funds or Other Consideration Howard Amster, in his personal and individual retirement accounts purchased all 1,493,571 common shares with personal funds without borrowing. The total consideration for the purchases is is $ 77,796,429.12. Howard M Amster 2005 Charitable Remainder Unitrust purchased all 131,394 common shares with trust assets without borrowing. The total consideration for the purchase was $ 6,233,393.09. Amster Ltd. Partnership purchased all 1,100 common shares with partnership funds without borrowing. The total consideration for this purchase is $ 64,780.50. Amster Trading Company purchased all 209,900 common shares with working capital without borrowing. The total consideration for these purchases is $ 9,449,963.74. Amster Trading Company Charitable Remainder Unitrusts purchased all 899,760 common shares with trust assets without borrowing. The total consideration for these purchases is $ 45,437,957.84. Samuel J Heller Irrevocable Trust purchased all 2,675 common shares with trust assets without borrowing. The total consideration for these purchase is $ $ 155,212.63. Pleasant Lake Apts. Ltd. Partnership purchased all 26,000 common shares with partnership funds without borrowing. The total consideration for these purchases is $ 1,164,226.36. Ramat Securities Ltd. purchased all 270,500 common shares with working capital without borrowing. The total consideration for these purchases is $ 12,440,645.32. Tova Financial, Inc. purchased all 3,100 common shares with working capital without borrowing. The total consideration for the purchase is $ 135,973.38. Tova Financial, Inc. Charitable Remainder Unitrust purchased all 5,241 common shares with trust assets without borrowing. The total consideration for the purchase is $ 314,215.80. ZAK Group LLC purchased all 2,100 common shares with working capital without borrowing. The total consideration for the purchase is $ 112,942.72. . David Zlatin , in his individual retirement and K accounts purchased all 1,351 common shares with personal funds and without borrowing. The total consideration for the purchases is $ 73,301.42. Gilda Zlatin in her individual retirement account purchased All 314 common shares with personal funds and without borrowing. The total consideration for the purchases is $ 16,808.59. Item 4. Purpose of Transaction Howard Amster, Howard M Amster 2005 Charitable Remainder Unitrust, Amster Limited Partnership, Amster Trading Company, Amster Trading Company Charitable Remainder Unitrusts, Samuel J Heller, Samuel J. Heller Irrevocable Trust, Pleasant Lake Apts. Corp., Pleasant Lake Apts. Ltd. Partnership, Ramat Securites Ltd., Tova Financial, Inc., Toval Financial Inc. Charitable Remainder Unitrust, Zak Group Ltd., David Zlatin, Gilda Zlatin acquired their shares for purposes of investment and may deemed to be a group. There are no present plans or proposals by this group of record or the beneficial owners as reported in this Schedule 13D which relates to or would result in the following: a. The acquisition by any person of additional securities of the issuer, or the disposition of securities of the issuer provided, however, the reporting persons might acquire additional shares or other securities of the issuer or dispose of some or all of their shares depending upon market conditions and their personal circumstances; b. An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the issuer or any of its subsidiaries; c. A sale or transfer or a material amount of assets of the issuer or any of its subsidiaries; d. Any change in the present board of directors or management of the issuer, including any plans or proposals to change the number of the terms of directors or to fill any existing vacancies on the board; e. Any material change in the present capitalization or dividend policy of the issuer; f. Any other material in the issuer's business or corporate structure; g. Changes in the issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the issuer by any person; h. Causing a class of securities of the issuer to be delisted from a national securities exchange or cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; i) A class of equity securities of the issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or j. Any action similar to any of those enumerated above. Item 5. Interest in Securities of the Issuer The outstanding common shares of the Issuer is 56,397,064 shares as of April 30, 2006 referenced in the 10-Q for period ending March 31, 2006. (a)(b) The aggregate amount owned by this Reporting Group is 3,047,006 shares or 5.40 % of the outstanding shares. Howard Amster in his name and individual retirement accounts owns 1,493,571 shares or 2.65 % of the common outstanding shares. Howard M Amster 2005 Charitable Remainder Unitrust owns 131,394 shares or 0.23 % of the common outstanding shares. Amster Ltd. Partnership owns 1,100 common shares or 0.00 % of the common outstanding shares Amster Trading Company owns 209,900 shares or 0.37 % of the common outstanding shares. Amster Trading Company Charitable Remainder Unitrusts own 899,760 shares or 1.60 % of the common outstanding shares. Samuel J Heller Irrevocable trust owns 2,675 shares or 0.00 % of the common outstanding shares. Pleasant Lake Apts. Ltd. Partnership owns 26,000 common shares or 0.04 % of the common outstanding shares. Ramat Securities Ltd. owns 270,500 common shares or 0.5 % of the common outstanding shares. Tova Financial, Inc. owns 3,100 common shares or 0.00 % of the common outstanding shares. Tova Financial, Inc. Charitable Remainder Unitrust owns 5,241 common shares or 0.01 % of the common outstanding shares. ZAK Group LLC owns 2,100 common shares or 0.00 % of the common outstanding shares. David Zlatin owns 1,351 common shares or 0.00 % of the common outstanding shares. Gilda Zlatin owns 314 common shares or 0.00 % of the common outstanding shares. c) Description of Transactions All purchases were executed on a listed stock exchange as an open market transaction.
Executing Identity Date Shares Price Broker Howard Amster 12/16/03 2,000 37.75 Bear, Stearns and various 12/17/03 13,376 37.84 Bear, Stearns Individual 12/19/03 11,000 38.13 Bear, Stearns Retirement Accounts 02/05/04 3,500 44.99 Bear, Stearns 03/11/04 8,004 49.40 Bear, Stearns 03/12/04 5,000 49.42 Bear, Stearns 03/15/04 9,500 48.79 Bear, Stearns 03/16/04 2,000 48.50 Bear, Stearns 03/18/04 10,000 48.79 Bear, Stearns 03/23/04 3,000 48.5 Bear, Stearns 04/16/04 2,300 44.65 Bear, Stearns 04/19/04 2,100 44.42 Bear, Stearns 08/19/04 22,000 48.62 Bear, Stearns 08/19/04 34,100 49.02 Bear, Stearns 10/12/04 10,900 57.76 Bear, Stearns 10/20/04 7,400 52.37 Bear, Stearns 10/21/04 1,000 54.14 Bear, Stearns 10/22/04 85 54.02 Bear, Stearns 10/25/04 20,700 53.12 Bear, Stearns 10/26/04 20,400 54.40 Bear, Stearns 10/27/04 500 55.19 Bear, Stearns 10/29/04 1,300 55.19 Bear, Stearns 11/01/04 3,100 55.73 Bear, Stearns 11/05/04 59,800 59.25 Bear, Stearns 11/08/04 43,100 59.89 Bear, Stearns 11/09/04 15,100 60.28 Bear, Stearns 11/15/04 700 64.58 Bear, Stearns 11/22/04 800 60.84 Bear, Stearns 11/23/04 900 61.90 Bear, Stearns 11/24/04 400 61.89 Bear, Stearns 11/30/04 1,400 62.82 Bear, Stearns 12/23/04 7,800 63.61 Bear, Stearns 12/27/04 2,500 62.95 Bear, Stearns 12/28/04 2,000 63.39 Bear, Stearns 12/30/04 12,000 64.64 Bear, Stearns 12/31/04 35,000 64.50 Bear, Stearns 01/03/05 20,000 63.85 Bear, Stearns 01/04/05 2,100 63.51 Bear, Stearns 01/06/05 11,100 59.18 Bear, Stearns 01/07/05 24,000 59.38 Bear, Stearns 01/10/05 27,500 59.58 Bear, Stearns 01/11/05 5,100 59.92 Bear, Stearns 01/12/05 5,800 57.66 Bear, Stearns 01/13/05 5,600 59.66 Bear, Stearns 01/14/05 34,000 60.35 Bear, Stearns 01/18/05 16,800 60.72 Bear, Stearns 01/19/05 14,900 61.20 Bear, Stearns 01/20/05 7,200 60.25 Bear, Stearns 01/21/05 4,200 60.04 Bear, Stearns 01/24/05 6,100 58.46 Bear, Stearns 01/25/05 17,000 58.40 Bear, Stearns 01/26/05 3,300 58.28 Bear, Stearns 01/27/05 5,600 57.63 Bear, Stearns 01/28/05 1,400 57.64 Bear, Stearns 01/31/05 6,300 59.02 Bear, Stearns 02/03/05 38,000 55.06 Bear, Stearns 02/04/05 82,200 53.18 Bear, Stearns 02/07/05 43,775 53.09 McDonald 02/07/05 85,400 53.12 Bear, Stearns 02/08/05 76,000 51.44 Bear, Stearns 02/09/05 28,600 52.35 Bear, Stearns 02/10/05 12,100 51.86 Bear, Stearns 02/11/05 96,706 51.70 Bear, Stearns 02/24/05 1,600 49.98 Bear, Stearns 02/25/05 8,700 51.21 Bear, Stearns 02/28/05 9,200 51.75 Bear, Stearns 03/01/05 2,300 50.85 Bear, Stearns 03/02/05 3,000 50.94 Bear, Stearns 03/03/05 1,400 51.74 Bear, Stearns 03/07/05 1,500 53.15 Bear, Stearns 03/14/05 4,500 48.95 Bear, Stearns 03/23/05 9,500 44.17 Bear, Stearns 03/31/05 5,400 46.82 Bear, Stearns 04/01/05 7,900 46.87 Bear, Stearns 04/04/05 2,000 46.54 Bear, Stearns 04/05/05 2,600 46.33 Bear, Stearns 04/15/05 30,000 42.47 Bear, Stearns 04/29/05 16,000 45.29 Bear, Stearns 05/04/05 70,200 47.16 Bear, Stearns 05/05/05 14,800 47.39 Bear, Stearns 05/11/05 2,200 46.59 Bear, Stearns 05/13/05 1,200 44.93 Bear, Stearns 05/17/05 2,500 45.82 Bear, Stearns 05/17/05 2,275 45.98 McDonald 07/06/05 2,000 51.56 Bear, Stearns 07/18/05 15,300 50.70 Bear, Stearns 08/04/05 49,600 48.55 Bear, Stearns 08/05/05 28,900 45.66 Bear, Stearns 08/08/05 4,050 45.20 Bear, Stearns 08/11/05 6,200 42.90 Bear, Stearns 12/12/05 60,000 35.80 Bear, Stearns 07/31/06 65,700 44.09 Bear, Stearns 07/31/06 400 43.83 Bear, Stearns 08/03/06 7,100 43.93 Bear, Stearns Howard M Amster 01/25/05 8,400 58.40 Bear, Stearns 2005 Charitable 01/26/05 5,100 58.28 Bear, Stearns Remainder Unitrust 02/11/05 30,594 51.70 Bear, Stearns 02/28/05 800 51.75 Bear, Stearns 03/18/05 4,900 45.44 Bear, Stearns 03/21/05 3,500 45.59 Bear, Stearns 03/22/05 2,300 45.63 Bear, Stearns 03/23/05 42,800 44.17 Bear, Stearns 04/07/05 2,000 47.75 Bear, Stearns 04/21/05 21,000 42.43 Bear, Stearns 05/02/05 1,400 46.06 Bear, Stearns 05/03/05 4,400 46.94 Bear, Stearns 08/08/05 200 45.20 Bear, Stearns 07/31/06 3,300 44.09 Bear, Stearns 08/01/06 700 43.61 Bear, Stearns Amster Ltd. 01/05/05 1,100 58.86 Bear, Stearns Partnership Amster Trading 02/05/04 11,500 45.23 Bear, Stearns Company 04/19/04 3,000 44.42 Bear, Stearns 02/07/05 200 53.12 Bear, Stearns 02/09/05 14,100 52.35 Bear, Stearns 02/10/05 3,600 51.86 Bear, Stearns 04/14/05 2,400 43.68 Bear, Stearns 04/26/05 2,300 43.70 Bear, Stearns 08/01/06 105,000 44.31 Bear, Stearns 08/02/06 67,800 44.24 Bear, Stearns Amster Trading 03/24/04 9,000 47.06 Bear, Stearns Company 03/25/04 2,300 45.63 Bear, Stearns Charitable 04/02/04 1,000 47.50 Bear, Stearns Remainder 04/16/04 26,100 44.65 Bear, Stearns Unitrusts 04/19/04 8,000 44.42 Bear, Stearns 10/11/04 3,400 57.21 Bear, Stearns 10/13/04 1,400 57.54 Bear, Stearns 10/14/04 1,000 56.65 Bear, Stearns 10/15/04 1,600 56.43 Bear, Stearns 10/20/04 2,900 53.60 Bear, Stearns 10/21/04 3,400 54.14 Bear, Stearns 10/22/04 1,515 54.02 Bear, Stearns 11/09/04 25,200 60.28 Bear, Stearns 11/10/04 15,700 62.48 Bear, Stearns 11/18/04 600 63.03 Bear, Stearns 01/04/05 2,800 63.51 Bear, Stearns 01/27/05 10,000 57.63 Bear, Stearns 02/04/05 29,800 53.18 Bear, Stearns 02/07/05 77,900 53.12 Bear, Stearns 02/08/05 68,645 51.44 Bear, Stearns 02/09/05 58,900 52.35 Bear, Stearns 02/10/05 67,800 51.86 Bear, Stearns 02/11/05 32,300 51.70 Bear, Stearns 02/14/05 17,100 53.59 Bear, Stearns 02/23/05 65,100 49.59 Bear, Stearns 02/24/05 31,100 49.98 Bear, Stearns 02/25/05 33,400 51.21 Bear, Stearns 03/01/05 2,800 50.85 Bear, Stearns 03/02/05 11,500 50.94 Bear, Stearns 03/03/05 6,400 51.74 Bear, Stearns 03/04/05 4,700 53.35 Bear, Stearns 03/07/05 3,800 53.15 Bear, Stearns 03/08/05 9,700 52.62 Bear, Stearns 03/09/05 45,300 50.01 Bear, Stearns 03/10/05 24,800 49.36 Bear, Stearns 03/11/05 6,800 49.00 Bear, Stearns 03/15/05 10,600 47.81 Bear, Stearns 03/16/05 16,000 46.17 Bear, Stearns 03/17/05 17,000 46.61 Bear, Stearns 03/23/05 10,400 44.17 Bear, Stearns 03/24/05 38,200 44.53 Bear, Stearns 04/22/05 3,000 43.23 Bear, Stearns 05/12/05 26,700 44.79 Bear, Stearns 05/13/05 6,700 44.93 Bear, Stearns 05/17/05 600 45.82 Bear, Stearns 07/18/05 1,900 50.70 Bear, Stearns 08/05/05 27,100 45.66 Bear, Stearns 08/08/05 2,100 45.20 Bear, Stearns 07/31/06 24,000 44.09 Bear, Stearns 08/01/06 1,700 43.61 Bear, Stearns Samuel J Heller 08/23/04 675 50.72 Bear, Stearns Irrevocable Trust 01/20/05 2,000 60.12 Bear, Stearns Pleasant Lake 02/04/05 2,300 53.18 Bear, Stearns Apts. Ltd. 02/18/05 800 52.30 Bear, Stearns Partnership 05/13/05 700 44.93 Bear, Stearns 08/01/06 22,200 43.61 Bear, Stearns Ramat Securities 12/04/03 2,482 38.13 Bear, Stearns Ltd. 03/24/04 100 47.50 Bear, Stearns 03/25/04 400 45.00 Bear, Stearns 04/02/04 500 47.25 Bear, Stearns 04/05/04 1,000 45.25 Bear, Stearns 04/12/04 500 47.50 Bear, Stearns 04/20/04 7,800 44.98 Bear, Stearns 08/18/04 5,000 48.52 Bear, Stearns 08/19/04 23,000 48.62 Bear, Stearns 08/19/04 35,700 49.02 Bear, Stearns 10/20/04 6,100 51.86 Bear, Stearns 02/03/05 3,000 56.06 Bear, Stearns 02/07/05 2,200 53.09 Bear, Stearns 02/09/05 34,500 52.54 Bear, Stearns 02/23/05 5,000 49.49 Bear, Stearns 03/02/05 2,500 51.08 Bear, Stearns 03/03/05 6,500 51.53 Bear, Stearns 03/03/05 2,000 52.26 Bear, Stearns 03/04/05 4,000 52.96 Bear, Stearns 03/07/05 1,800 53.39 Bear, Stearns 03/14/05 4,600 48.94 Bear, Stearns 03/16/05 1,500 46.08 Bear, Stearns 03/17/05 2,000 46.75 Bear, Stearns 03/23/05 2,000 44.86 Bear, Stearns 03/24/05 700 44.54 Bear, Stearns 03/28/05 500 44.67 Bear, Stearns 03/29/05 1,200 44.79 Bear, Stearns 04/06/05 218 46.52 Bear, Stearns 06/28/05 700 49.84 Bear, Stearns 08/15/05 12,000 42.14 Bear, Stearns 08/19/05 5,500 42.22 Bear, Stearns 08/23/05 6,000 42.88 Bear, Stearns 08/24/05 7,000 43.56 Bear, Stearns 08/26/05 2,000 43.03 Bear, Stearns 09/09/05 1,500 43.03 Bear, Stearns 09/14/05 9,000 43.42 Bear, Stearns 09/20/05 38,000 41.37 Bear, Stearns 09/20/05 7,000 41.99 Bear, Stearns 12/12/05 25,000 35.80 Bear, Stearns Tova Financial, Inc. 08/03/06 3,100 43.84 Bear, Stearns Tova Financial, Inc. 01/19/05 4,000 60.75 Bear, Stearns Charitable Remainder 01/20/05 1,000 60.35 Bear, Stearns Unitrust 04/15/05 106 42.50 Bear, Stearns 05/11/05 135 45.96 Bear, Stearns ZAK Group LLC 08/25/04 800 53.71 Bear, Stearns 10/29/04 600 55.21 Bear, Stearns 11/01/04 300 55.73 Bear, Stearns 02/25/05 400 51.32 Bear, Stearns David Zlatin 10/29/04 300 55.21 Bear, Stearns in his various 11/02/04 310 56.55 Bear, Stearns individual & K 11/05/04 60 59.11 Bear, Stearns retirement accounts 11/22/04 56 60.97 Bear, Stearns 01/12/05 148 57.71 Bear, Stearns 02/09/05 297 51.90 Bear, Stearns 04/15/05 130 42.50 Bear, Stearns 05/11/05 17 45.96 Bear, Stearns 07/15/05 33 52.35 Bear, Stearns Gilda Zlatin 11/05/04 58 59.11 Bear, Stearns in her individual 11/22/04 40 60.97 Bear, Stearns retirement account 02/09/05 145 51.90 Bear, Stearns 04/15/05 38 42.50 Bear, Stearns 07/15/05 33 52.35 Bear, Stearns
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. There are no contracts, arrangements, understandings or relationships with respect to securities of the Issuer with any person except as set forth in items 2, 3, 5 above. Item 7. Material to be filed as exhibits. None Signature After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. Date: August 7, 2006 /s/ Howard Amster /s/ Howard M Amster 2005 Charitable Remainder Unitrust By: Howard Amster Title: Trustee /s/ Amster Limited Partnership By: Howard Amster Title: General Partner /s/ Amster Trading Company By: Howard Amster Title: President /s/ Amster Trading Company Charitable Remainder Unitrusts By: Howard Amster Title: Trustee /s/ Samuel J Heller /s/ Samuel J Heller Irrevocable Trust By: Howard Amster Title: Trustee /s/ Pleasant Lake Apts. Corp. By: Howard Amster Title: President /s/ Pleasant Lake Apts. Ltd. Partnership By: Pleasant Lake Apts. Corp., Howard Amster, President Title: Its General Partner /s/ Ramat Securities Ltd. By: David Zlatin Title: Principal /s/ Tova Financial, Inc. By: David Zlatin Title: President /s/ Tova Financial , Inc. Charitable Remainder Unitrust By: David Zlatin & Gilda Zlatin Title: Co-trustees /s/ Zak Group LLC By: David Zlatin Title: Member /s/ David Zlatin /s/ Gilda Zlatin -----END PRIVACY-ENHANCED MESSAGE-----