SACHS MICHAEL 4

4 · NEW CENTURY FINANCIAL CORP · Filed Aug 30, 2004

Form 4

Period: 2004-08-27

Director

Transactions

Exercise/Conversion
Common Stock
2004-08-27$16.25/sh+5,000$81,250→ 502,525 total
Exercise/Conversion
Stock Option (Right to Buy)
2004-08-27−5,000→ 5,000 total
Exercise: $16.25Exp: 2012-05-07→ Common Stock (5,000 underlying)
Exercise/Conversion
Stock Option (Right to Buy)
2004-08-27−12,500→ 0 total
Exercise: $6.70Exp: 2011-05-15→ Common Stock (12,500 underlying)
Exercise/Conversion
Common Stock
2004-08-27$6.70/sh+12,500$83,750→ 497,525 total

Holdings

Footnotes (5)

[F1]This stock option grant vested in three equal annual installments beginning on May 15, 2002. The portion of this stock option exercised on August 27, 2004 vested on May 15, 2004.
[F2]This stock option grant vests in three equal annual installments beginning on May 1, 2003. The portion of this stock option exercised on August 27, 2004 vested on May 1, 2004.
[F3]This stock option grant vests in three equal annual installments beginning on May 1, 2004. The portion of this stock option exercised on August 27, 2004 vested on May 1, 2004.
[F4]This stock option grant was previously reported on a Form 4 filed on May 21, 2003 as covering 10,000 shares at an exercise price of $40.45. On July 11, 2003, the stock options remaining under this stock option grant as of June 12, 2003, the record date for the company's 3-for-2 stock split, were adjusted to reflect the stock split.
[F5]This column is not applicable.

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