X0202 4 2006-02-06 0 0001035826 NETBANK INC NTBK 0001237021 BRAUCH R THEODORE 9710 TWO NOTCH ROAD COLUMBIA SC 29223 0 1 0 0 Risk Management Executive Common Stock 2006-02-06 2006-02-06 4 A 0 3334 7.38 A 11820 D Stock Options 7.38 2006-02-06 4 A 0 6666 7.38 A 2006-02-06 2016-02-06 Common Stock 6666 83332 D Restricted Stock awarded as of 2/06/2006. Initial fair market value based upon closing price as of 2/3/2006 of $7.38. Vesting: 20% at grant and 20% on each anniversary for the next four years. Options vest 20% immediately and 20% on each anniversary for next four years. /s/ Raphael Theodore Brauch 2006-02-08