X0202 4 2006-06-15 0001268039 ORIGEN FINANCIAL INC ORGN 0001171077 SHIFFMAN GARY A 27777 FRANKLIN RD. SUITE 1700 SOUTHFIELD MI 48034 1 1 Common Stock 2006-06-15 4 A 0 5000 0 A 17500 D Common Stock 5000000 I Shares held by Sun OFI, LLC Common Stock 1025000 I Shares held by Shiffman Origen, LLC Restricted stock. The shares vest in five equal installments on each of May 8, 2007, 2008, 2009, 2010 and 2011. Mr. Shiffman is the sole manager of Sun OFI, LLC. Mr. Shiffman 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. Mr. Shiffman indirectly beneficially owns approximately 9% of the shares held by this entity. Mr. Shiffman disclaims beneficial ownership of the remainder of these shares. The inclusion of the remainder 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. Gary A. Shiffman 2006-06-15