X0202 4 2004-09-24 0001279493 SAXON CAPITAL INC SAXND 0001210421 SAWYER MICHAEL L 4860 COX ROAD, SUITE 300 GLEN ALLEN VA 23060 1 1 0 0 CEO and President Common Stock 2004-09-24 4 A 0 614441 A 614441 D Common Stock 2004-09-27 4 S 0 50000 22.55 D 564441 D Common Stock 2004-09-27 4 S 0 40000 22.60 D 524441 D Common Stock 2004-09-27 4 S 0 45000 22.65 D 479441 D Common Stock 2004-09-27 4 S 0 15000 22.67 D 464441 D Common Stock 2004-09-27 4 S 0 65000 22.75 D 399441 D Common Stock 2004-09-27 4 S 0 50000 22.76 D 349441 D Common Stock 2004-09-27 4 S 0 10000 22.77 D 339441 D Common Stock 2004-09-27 4 S 0 25000 22.80 D 314441 D Acquired pursuant to agreement and plan of merger between issuer and Saxon Capital, Inc., a Delaware corporation, in exchange for 614,180 shares of Saxon Capital, Inc. having a market value of $22.75 per share on the effective date of the merger, September 24, 2004. Richard D. Shepherd, by Power of Attorney 2004-09-28