X0202 4 2006-06-15 0001268039 ORIGEN FINANCIAL INC ORGN 0001188674 HALPERN PAUL A GUARDIAN INDUSTRIES 2300 HARMON ROAD AUBURN HILLS MI 48326 1 Common Stock 2006-06-15 4 A 0 5000 0 A 17500 D Common Stock 1750000 I Shares held by Woodward Holding LLC Restricted stock. The shares vest in five equal installments on each of May 8, 2007, 2008, 2009 , 2010 and 2011. The reporting person is the sole manager of Woodward Holding, LLC. Mr. Halpern disclaims beneficial ownership of these shares. The inclusion of these shares in this report shall not be an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. Paul A. Halpern 2006-06-15