NovaStar Financial, Inc.
|
||
(Name of Issuer)
|
||
Common Stock ($0.01 par value per share)
|
||
(Title of Class of Securities)
|
||
669947400
|
||
(CUSIP Number)
|
||
with a copy to:
|
|
Brian P. Friedman
|
Melvin Epstein, Esq.
|
Jefferies Capital Partners LLC (f/k/a Jefferies Capital Partners IV LLC)
|
Stroock & Stroock & Lavan LLP
|
520 Madison Avenue, 10th Floor
|
180 Maiden Lane
|
New York, New York 10022
|
New York, New York 10038
|
(212) 284-1700
|
(212) 806-5864
|
October 6, 2011
|
||
(Date of Event which Requires Filing of this Statement)
|
SCHEDULE 13D
|
||
CUSIP No. 669947400
|
13D
|
Page 2 of 12 Pages
|
1
|
NAME OF REPORTING PERSONS
Jefferies Capital Partners IV LP
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ¨
(b) þ
|
|||
3
|
SEC USE ONLY
|
||||
4
|
SOURCE OF FUNDS
OO
|
||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e)
|
Not applicable
|
|||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE VOTING POWER
0
|
|||
8
|
SHARED VOTING POWER
|
0
|
|||
9
|
SOLE DISPOSITIVE POWER
0
|
||||
10
|
SHARED DISPOSITIVE POWER
|
0
|
|||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
Not Applicable
|
|||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) –
0%
|
||||
14
|
TYPE OF REPORTING PERSON
PN
|
SCHEDULE 13D
|
||
CUSIP No. 669947400
|
13D
|
Page 3 of 12 Pages
|
1
|
NAME OF REPORTING PERSONS
Jefferies Employee Partners IV LLC
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ¨
(b) þ
|
|||
3
|
SEC USE ONLY
|
||||
4
|
SOURCE OF FUNDS
OO (1)
|
||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e)
|
Not applicable
|
|||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE VOTING POWER
0
|
|||
8
|
SHARED VOTING POWER
|
1,858,131 (1)
|
|||
9
|
SOLE DISPOSITIVE POWER
0
|
||||
10
|
SHARED DISPOSITIVE POWER
|
1,858,131 (1)
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,858,131 (1)
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
Not Applicable
|
|||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) –
2.1% (2)
|
||||
14
|
TYPE OF REPORTING PERSON
OO
|
SCHEDULE 13D
|
||
CUSIP No. 669947400
|
13D
|
Page 4 of 12 Pages
|
1
|
NAME OF REPORTING PERSONS
JCP Partners IV LLC
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ¨
(b) þ
|
|||
3
|
SEC USE ONLY
|
||||
4
|
SOURCE OF FUNDS
OO
|
||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e)
|
Not applicable
|
|||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE VOTING POWER
0
|
|||
8
|
SHARED VOTING POWER
|
0
|
|||
9
|
SOLE DISPOSITIVE POWER
0
|
||||
10
|
SHARED DISPOSITIVE POWER
|
0
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
Not Applicable
|
|||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) –
0%
|
||||
14
|
TYPE OF REPORTING PERSON
OO
|
SCHEDULE 13D
|
||
CUSIP No. 669947400
|
13D
|
Page 5 of 12 Pages
|
1
|
NAME OF REPORTING PERSONS
JCP IV LLC
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ¨
(b) þ
|
|||
3
|
SEC USE ONLY
|
||||
4
|
SOURCE OF FUNDS
AF
|
||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e)
|
Not applicable
|
|||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE VOTING POWER
0
|
|||
8
|
SHARED VOTING POWER
|
1,858,131 (1)
|
|||
9
|
SOLE DISPOSITIVE POWER
0
|
||||
10
|
SHARED DISPOSITIVE POWER
|
1,858,131 (1)
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,858,131 (1)
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
Not Applicable
|
|||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) –
2.1% (2)
|
||||
14
|
TYPE OF REPORTING PERSON
OO
|
SCHEDULE 13D
|
||
CUSIP No. 669947400
|
13D
|
Page 6 of 12 Pages
|
1
|
NAME OF REPORTING PERSONS
Jefferies Capital Partners LLC
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ¨
(b) þ
|
|||
3
|
SEC USE ONLY
|
||||
4
|
SOURCE OF FUNDS
AF
|
||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e)
|
Not applicable
|
|||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE VOTING POWER
0
|
|||
8
|
SHARED VOTING POWER
|
1,858,131 (1)
|
|||
9
|
SOLE DISPOSITIVE POWER
0
|
||||
10
|
SHARED DISPOSITIVE POWER
|
1,858,131 (1)
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,858,131 (1)
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
Not Applicable
|
|||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) –
2.1% (2)
|
||||
14
|
TYPE OF REPORTING PERSON
OO
|
SCHEDULE 13D
|
||
CUSIP No. 669947400
|
13D
|
Page 7 of 12 Pages
|
1
|
NAME OF REPORTING PERSONS
Brian P. Friedman
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ¨
(b) þ
|
|||
3
|
SEC USE ONLY
|
||||
4
|
SOURCE OF FUNDS
AF
|
||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e)
|
Not applicable
|
|||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE VOTING POWER
192,874
|
|||
8
|
SHARED VOTING POWER
|
2,136,271 (1)
|
|||
9
|
SOLE DISPOSITIVE POWER
192,874
|
||||
10
|
SHARED DISPOSITIVE POWER
|
2,136,271 (1)
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,329,145 (1)
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
Not Applicable
|
|||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) –
2.6% (2)
|
||||
14
|
TYPE OF REPORTING PERSON
IN
|
SCHEDULE 13D
|
||
CUSIP No. 669947400
|
13D
|
Page 8 of 12 Pages
|
1
|
NAME OF REPORTING PERSONS
James L. Luikart
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ¨
(b) þ
|
|||
3
|
SEC USE ONLY
|
||||
4
|
SOURCE OF FUNDS
AF
|
||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e)
|
Not applicable
|
|||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE VOTING POWER
64,859
|
|||
8
|
SHARED VOTING POWER
|
1,858,131 (1)
|
|||
9
|
SOLE DISPOSITIVE POWER
64,859
|
||||
10
|
SHARED DISPOSITIVE POWER
|
1,858,131 (1)
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,922,990 (1)
|
||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
Not Applicable
|
|||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) –
2.1% (2)
|
||||
14
|
TYPE OF REPORTING PERSON
IN
|
Page 9 of 12 |
Page 10 of 12 |
Page 11 of 12 |
Exhibit Number
|
Description
|
1
|
Joint Filing Agreement between Jefferies Capital Partners IV LP, Jefferies Employee Partners IV LLC, JCP Partners IV LLC, Jefferies Capital Partners LLC, Brian P. Friedman and James L. Luikart.
|
Page 12 of 12 |
October 10, 2011
|
|
JEFFERIES CAPITAL PARTNERS IV LP
|
|
JEFFERIES EMPLOYEE PARTNERS IV LLC
|
|
JCP PARTNERS IV LLC
|
|
By:
|
JEFFERIES CAPITAL PARTNERS LLC,
|
as Manager
|
|
By:
|
/s/ James L. Luikart |
Name: James L. Luikart
|
|
Title: Managing Member
|
|
JCP IV LLC
|
|
By:
|
JEFFERIES CAPITAL PARTNERS LLC,
|
as Managing Member
|
|
By:
|
/s/ James L. Luikart |
Name: James L. Luikart
|
|
Title: Managing Member
|
|
JEFFERIES CAPITAL PARTNERS LLC
|
|
By:
|
/s/ James L. Luikart |
Name: James L. Luikart
|
|
Title: Managing Member
|
|
/s/ Brian P. Friedman | |
Brian P. Friedman
|
|
/s/ James L. Luikart | |
James L. Luikart
|