X0202 4 2005-04-30 0 0000831246 FRANKLIN CREDIT MANAGEMENT CORP/DE/ FCMC 0001322800 Colasono Paul D C/O FRANKLIN CREDIT MANAGEMENT CORP 6 HARRISON STREET NEW YORK NY 10013 0 1 0 0 Chief Financial Officer Common Stock 2005-04-30 4 A 0 17000 0 A 17000 D Represents grant of restricted stock in connection with Mr. Colasono?s entry into an employment agreement with Franklin Credit Management Corporation, of which 2,000 shares vested upon grant, 5,000 shares vest on March 28, 2006, 5,000 shares vest on March 28, 2007 and 5,000 shares vest on March 28, 2008, so long as Mr. Colasono remains in Franklin Credit Management Corporation?s employ on each applicable vesting date. /s/ Paul D. Colasono 2006-02-27