Stock Trading History of Pazgan David A

The following table details the trading activities (stock purchases, stock sales, and stock option exercises) reported to the Securities and Exchange Commission (SEC) by insider Pazgan David A since year 2005. The trader's CIK number is 1317213. At the time of this reporting, Pazgan David A is the President and Chief Executive of Novastar Financial Inc (stock ticker symbol NFI).

Stock purchases, sales, and option exercises reported by *Pazgan David A* since 2005.
Trade Date	Symbol	Company Name (Issuer)	Trade Type	Shares	Price ($)	Value ($)
2007-01-28	NFI	Novastar Financial Inc	Option Exercise	1,000	.00	0
2007-01-28	NFI	Novastar Financial Inc	Option Exercise	1,000	.00	0
2006-12-18	NFI	Novastar Financial Inc	Option Exercise	3,500	12.22	42,770
2006-01-28	NFI	Novastar Financial Inc	Option Exercise	1,000	.00	0
2006-01-04	NFI	Novastar Financial Inc	Option Exercise	8,500	9.69	82,365

Insider trading activities including stock purchases, stock sales, and option exercises listed in the above table cannot be completely guaranteed as to their accuracy. For more information regarding the trades made by Pazgan David A (President and Chief Executive of Novastar Financial Inc at the time of this reporting) see the Securities and Exchange Commission (SEC) website.