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NOVATION COMPANIES, INC. | ||
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Beneficial | |||||
Ownership of | |||||
Common Stock | |||||
Percent | |||||
Name and Address of Beneficial Owner (1) | Shares | of Class (2) | |||
W. Lance Anderson (3) | 3,190,498 | 3.5 | % | ||
Rodney E. Schwatken (4) | 1,508,274 | 1.6 | % | ||
Steve Haslam (5) | 911,249 | * | |||
Edward W. Mehrer (6) | 534,686 | * | |||
Gregory T. Barmore (7) | 416,302 | * | |||
Art N. Burtscher (8) | 303,293 | * | |||
Howard M. Amster (9) | 3,866,690 | 4.2 | % | ||
Barry A. Igdaloff (10) | 7,677,463 | 8.4 | % | ||
All current directors and executive officers as a group (10 persons) (11) | 18,559,055 | 20.3 | % | ||
Massachusetts Mutual Life Insurance Company(12) | |||||
1295 State Street, Springfield, MA 01111 | 19,258,775 | 21.1 | % |
* | Less than 1% |
(1) | The mailing address of each beneficial owner is 2114 Central Street, Suite 600, Kansas City, Missouri 64108, unless otherwise shown. |
(2) | Based on 91,479,519 shares of common stock outstanding as of April 14, 2014. |
(3) | Consists of 991,000 shares of Common Stock held directly; 36,111 shares of stock held in a trust with his spouse; 35,729 shares held by Mr. Anderson’s son which are deemed indirectly held by Mr. Anderson; 2,117,049 shares of Common Stock issuable pursuant to options exercisable within 60 days of March 22, 2014; and 10,609 shares of restricted stock. |
(4) | Consists of 1,276 shares of Common Stock held directly; 59,844 shares of stock owned by the Rodney E. Schwatken Trust; 1,446,730 shares of Common Stock issuable pursuant to options exercisable within 60 days of March 22, 2014; and 424 shares of restricted stock. |
(5) | Consists of 148,839 shares of Common Stock held directly; 761,127 shares of Common Stock issuable pursuant to options exercisable within 60 days of March 22, 2014; and 1,283 shares of restricted stock. |
(6) | Consists of 377,518 shares of Common Stock held directly; 1,000 shares of Common Stock owned by his spouse; 36,168 shares of Common Stock issuable pursuant to options exercisable within 60 days of March 22, 2014; and 120,000 shares of restricted stock. |
(7) | Consists of 260,134 shares of Common Stock held directly; 36,168 shares of Common Stock issuable pursuant to options exercisable within 60 days of March 22, 2014; and 120,000 shares of restricted stock. |
(8) | Consists of 147,125 shares of Common Stock held directly; 36,168 shares of Common Stock issuable pursuant to options exercisable within 60 days of March 22, 2014; and 120,000 shares of restricted stock. |
(9) | Consists of 2,936,250 shares of Common Stock held directly; 36,168 shares of Common Stock issuable pursuant to options exercisable within 60 days of March 22, 2014; 120,000 shares of restricted stock; and 774,272 shares of Common Stock held in two trusts for which Mr. Amster is the trustee. |
(10) | Consists of 4,351,727 shares of Common Stock held directly; 36,168 shares of Common Stock issuable pursuant to options exercisable within 60 days of March 22, 2014; 120,000 shares of restricted stock; and 3,169,568 shares of Common Stock controlled by Mr. Igdaloff as a registered investment advisor. |
(11) | Includes beneficial ownership information of Matthew Lautz and Brett Monger. |
(12) | Based on a Form 3 filed on December 14, 2011. The Form 3 indicates that as of December 14, 2011, Massachusetts Mutual Life Insurance Company (“MassMutual”) may be deemed to own beneficially and indirectly 19,258,775 shares of Common Stock held in one or more advisory accounts and private investment funds. Babson Capital Management LLC (“Babson Capital”) acts as investment adviser to these advisory accounts and private investment funds, and in such capacities may also be deemed to be the beneficial owner of the 19,258,775 shares. |
BY ORDER OF THE BOARD OF DIRECTORS | |
/s/ W. Lance Anderson | |
W. Lance Anderson | |
Chairman of the Board | |
Kansas City, Missouri | |
April 28, 2014 |