X0303 4 2011-05-11 0001373561 NewStar Financial, Inc. NEWS 0001369635 THORNBURGH RICHARD E C/O NEWSTAR FINANCIAL, INC. 500 BOYLSTON STREET, SUITE 1250 BOSTON MA 02116 1 0 1 0 Common Stock, par value $0.01 per share 2011-05-11 4 A 0 4945 0 A 44945 D Stock Option (Right to Buy) 10.11 2011-05-11 4 A 0 10000 0 A 2018-05-11 Common Stock 10000 10000 D The securities reported are shares of restricted stock which will vest in full on the one year anniversary of the grant date. The reporting person is also a member of the parent of the entity that advises J.P. Morgan Corsair II Capital Partners, L.P., Corsair III Financial Services Capital Partners, L.P. and Corsair III Financial Services 892 Partners, L.P. (collectively, the "Corsair Entities"). The Corsair Entities benficially own 9,704,972 shares of the Issuer, 200,174 of which are derivative securities. The reporting person disclaims beneficial ownership of such shares. The option will vest and become fully exercisable on the one year anniversary of the grant date. /s/ Daniel K. Crowley as Attorney-in-Fact for Richard E. Thornburgh 2011-05-13