Consumer Portfolio Services, Inc.
US ˙ NasdaqGM ˙ US2105021008

Introduction

This page provides a comprehensive analysis of the known insider trading history of Second Curve Capital Llc. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

See the list of most profitable insider traders.

See Highest Ranking Insiders
Companies with Reported Insider Positions

The SEC filings indicate Second Curve Capital Llc has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:NWHM / New Home Company Inc (The) 10% Owner 2,033,559
US:CPSS / Consumer Portfolio Services, Inc. 10% Owner 2,026,884
US:FMD / First Marblehead Corp. (The) 10% Owner 1,149,492
US:RM / Regional Management Corp. 10% Owner 1,266,683
US:NEWS / NewStar Financial, Inc. 10% Owner 4,675,166
US:PRSG / Primus Guaranty, Ltd. 10% Owner 6,184,907
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Second Curve Capital Llc. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases CPSS / Consumer Portfolio Services, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in CPSS / Consumer Portfolio Services, Inc.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
2017-11-20 CPSS SECOND CURVE CAPITAL LLC 150,000 4.2200 150,000 4.2200 633,000 36 4.5900 55,500 8.77

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

CPSS / Consumer Portfolio Services, Inc. Insider Trades
Insider Sales CPSS / Consumer Portfolio Services, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in CPSS / Consumer Portfolio Services, Inc.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
2017-12-19 CPSS SECOND CURVE CAPITAL LLC 150,000 4.2100 150,000 4.2100 631,500 223 3.1800 -154,500 -24.47
2017-11-28 CPSS SECOND CURVE CAPITAL LLC 8,000 4.0951 8,000 4.0951 32,761
2017-11-22 CPSS SECOND CURVE CAPITAL LLC 5,000 4.2479 5,000 4.2479 21,240
2017-11-20 CPSS SECOND CURVE CAPITAL LLC 150,000 4.2200 150,000 4.2200 633,000
2017-11-16 CPSS SECOND CURVE CAPITAL LLC 10,000 4.1259 10,000 4.1259 41,259
2017-11-13 CPSS SECOND CURVE CAPITAL LLC 10,000 4.1467 10,000 4.1467 41,467
2017-11-10 CPSS SECOND CURVE CAPITAL LLC 10,000 4.1713 10,000 4.1713 41,713
2017-11-09 CPSS SECOND CURVE CAPITAL LLC 10,000 4.1510 10,000 4.1510 41,510
2017-08-15 CPSS SECOND CURVE CAPITAL LLC 10,000 3.9771 10,000 3.9771 39,771
2017-08-14 CPSS SECOND CURVE CAPITAL LLC 5,000 3.9452 5,000 3.9452 19,726
2017-08-08 CPSS SECOND CURVE CAPITAL LLC 5,000 3.8977 5,000 3.8977 19,488
2017-08-04 CPSS SECOND CURVE CAPITAL LLC 5,000 3.9922 5,000 3.9922 19,961
2017-08-03 CPSS SECOND CURVE CAPITAL LLC 5,000 3.9602 5,000 3.9602 19,801
2017-08-02 CPSS SECOND CURVE CAPITAL LLC 5,000 3.9883 5,000 3.9883 19,942
2017-05-24 CPSS SECOND CURVE CAPITAL LLC 5,000 4.4406 5,000 4.4406 22,203
2017-05-23 CPSS SECOND CURVE CAPITAL LLC 5,000 4.5244 5,000 4.5244 22,622
2017-05-22 CPSS SECOND CURVE CAPITAL LLC 5,000 4.5085 5,000 4.5085 22,542
2017-05-16 CPSS SECOND CURVE CAPITAL LLC 5,000 4.5329 5,000 4.5329 22,664
2016-05-04 CPSS SECOND CURVE CAPITAL LLC 27,000 3.7329 27,000 3.7329 100,788
2016-05-03 CPSS SECOND CURVE CAPITAL LLC 10,000 3.9078 10,000 3.9078 39,078
2016-04-28 CPSS SECOND CURVE CAPITAL LLC 5,000 4.0271 5,000 4.0271 20,136
2016-04-26 CPSS SECOND CURVE CAPITAL LLC 3,600 4.4269 3,600 4.4269 15,937
2016-04-25 CPSS SECOND CURVE CAPITAL LLC 5,000 4.3811 5,000 4.3811 21,906
2016-04-22 CPSS SECOND CURVE CAPITAL LLC 5,000 4.2876 5,000 4.2876 21,438
2016-04-21 CPSS SECOND CURVE CAPITAL LLC 5,000 4.3268 5,000 4.3268 21,634
2016-04-20 CPSS SECOND CURVE CAPITAL LLC 5,000 4.4068 5,000 4.4068 22,034
2016-04-15 CPSS SECOND CURVE CAPITAL LLC 5,000 4.3688 5,000 4.3688 21,844
2016-04-08 CPSS SECOND CURVE CAPITAL LLC 10,000 4.1856 10,000 4.1856 41,856
2016-04-01 CPSS SECOND CURVE CAPITAL LLC 10,200 4.2195 10,200 4.2195 43,039
2016-03-18 CPSS SECOND CURVE CAPITAL LLC 10,000 3.9172 10,000 3.9172 39,172
2016-03-16 CPSS SECOND CURVE CAPITAL LLC 6,000 3.8936 6,000 3.8936 23,362
2016-03-10 CPSS SECOND CURVE CAPITAL LLC 5,000 4.2482 5,000 4.2482 21,241

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

CPSS / Consumer Portfolio Services, Inc. Insider Trades
Insider Purchases RM / Regional Management Corp. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in CPSS / Consumer Portfolio Services, Inc.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
2015-01-26 RM SECOND CURVE CAPITAL LLC 5,000 15.1100 5,000 15.1100 75,550 182 19.8600 23,750 31.44
2015-01-16 RM SECOND CURVE CAPITAL LLC 10,000 15.7900 10,000 15.7900 157,900
2015-01-15 RM SECOND CURVE CAPITAL LLC 40,334 15.1932 40,334 15.1932 612,803
2015-01-13 RM SECOND CURVE CAPITAL LLC 9,000 14.9600 9,000 14.9600 134,640
2015-01-12 RM SECOND CURVE CAPITAL LLC 30,000 15.1850 30,000 15.1850 455,550
2015-01-09 RM SECOND CURVE CAPITAL LLC 15,000 15.7350 15,000 15.7350 236,025
2015-01-08 RM SECOND CURVE CAPITAL LLC 40,000 15.6400 40,000 15.6400 625,600
2015-01-06 RM SECOND CURVE CAPITAL LLC 20,000 14.7970 20,000 14.7970 295,940
2015-01-05 RM SECOND CURVE CAPITAL LLC 20,000 15.2140 20,000 15.2140 304,280
2014-07-21 RM SECOND CURVE CAPITAL LLC 5,000 14.9400 5,000 14.9400 74,700

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

RM / Regional Management Corp. Insider Trades
Insider Sales RM / Regional Management Corp. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in CPSS / Consumer Portfolio Services, Inc.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
2015-02-13 RM SECOND CURVE CAPITAL LLC 14,771 15.8739 14,771 15.8739 234,473 355 11.94 -58,107 -24.78
2015-02-05 RM SECOND CURVE CAPITAL LLC 3,000 15.5158 3,000 15.5158 46,547
2015-02-04 RM SECOND CURVE CAPITAL LLC 3,400 15.3624 3,400 15.3624 52,232
2015-01-26 RM SECOND CURVE CAPITAL LLC 5,000 15.1100 5,000 15.1100 75,550
2015-01-22 RM SECOND CURVE CAPITAL LLC 7,000 15.6390 7,000 15.6390 109,473
2015-01-16 RM SECOND CURVE CAPITAL LLC 10,000 15.7900 10,000 15.7900 157,900
2015-01-15 RM SECOND CURVE CAPITAL LLC 42,000 15.1947 42,000 15.1947 638,177
2015-01-14 RM SECOND CURVE CAPITAL LLC 10,000 15.5813 10,000 15.5813 155,813
2015-01-13 RM SECOND CURVE CAPITAL LLC 17,000 15.0416 17,000 15.0416 255,707
2015-01-12 RM SECOND CURVE CAPITAL LLC 40,000 15.1582 40,000 15.1582 606,328
2015-01-09 RM SECOND CURVE CAPITAL LLC 25,000 15.6679 25,000 15.6679 391,698
2015-01-08 RM SECOND CURVE CAPITAL LLC 50,000 15.6372 50,000 15.6372 781,860
2014-08-07 RM SECOND CURVE CAPITAL LLC 5,000 16.5900 5,000 16.5900 82,950
2014-07-21 RM SECOND CURVE CAPITAL LLC 5,000 14.9400 5,000 14.9400 74,700

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

RM / Regional Management Corp. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Second Curve Capital Llc as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change		 Share
Price		 Tran
Value		 Remaining
Value
2018-11-01 2018-10-31 4 NWHM New Home Co Inc.
Common Stock, $0.01 par value 		S - Sale -12,500 2,033,559 -0.61 7.02 -87,758 14,276,804
2018-11-01 2018-10-30 4 NWHM New Home Co Inc.
Common Stock, $0.01 par value 		S - Sale -15,000 2,046,059 -0.73 6.85 -102,756 14,016,323
2018-10-30 2018-10-29 4 NWHM New Home Co Inc.
Common Stock, $0.01 par value 		S - Sale -3,000 2,061,059 -0.15 6.83 -20,504 14,086,514
2018-10-30 2018-10-26 4 NWHM New Home Co Inc.
Common Stock, $0.01 par value 		S - Sale -10,000 2,064,059 -0.48 6.88 -68,786 14,197,836
2018-10-30 3 NWHM New Home Co Inc.
Common Stock, $0.01 par value 		4,148,118
2018-10-30 3 NWHM New Home Co Inc.
Common Stock, $0.01 par value 		4,148,118
2018-10-30 3 NWHM New Home Co Inc.
Common Stock, $0.01 par value 		4,148,118
2018-10-30 3 NWHM New Home Co Inc.
Common Stock, $0.01 par value 		4,148,118
2017-12-20 2017-12-19 4 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		S - Sale -150,000 2,026,884 -6.89 4.21 -631,500 8,533,182
2017-12-19 3 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		4,353,768
2017-12-19 3 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		4,353,768
2017-12-19 3 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		4,353,768
2017-11-29 2017-11-28 4 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		S - Sale -8,000 2,176,884 -0.37 4.10 -32,761 8,914,558
2017-11-27 2017-11-22 4 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		S - Sale -5,000 2,184,884 -0.23 4.25 -21,240 9,281,169
2017-11-20 2017-11-20 4 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		P - Purchase 150,000 2,189,884 7.35 4.22 633,000 9,241,310
2017-11-20 2017-11-20 4 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		S - Sale -150,000 2,039,884 -6.85 4.22 -633,000 8,608,310
2017-11-20 2017-11-16 4 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		S - Sale -10,000 2,189,884 -0.45 4.13 -41,259 9,035,242
2017-11-15 2017-11-13 4 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		S - Sale -10,000 2,199,884 -0.45 4.15 -41,467 9,122,259
2017-11-13 2017-11-10 4 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		S - Sale -10,000 2,209,884 -0.45 4.17 -41,713 9,218,089
2017-11-13 2017-11-09 4 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		S - Sale -10,000 2,219,884 -0.45 4.15 -41,510 9,214,738
2017-11-06 3 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		4,459,768
2017-11-06 3 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		4,459,768
2017-11-06 3 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		4,459,768
2017-08-16 2017-08-15 4 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		S - Sale -10,000 2,264,884 -0.44 3.98 -39,771 9,007,670
2017-08-16 2017-08-14 4 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		S - Sale -5,000 2,274,884 -0.22 3.95 -19,726 8,974,872
2017-08-10 2017-08-08 4 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		S - Sale -5,000 2,279,884 -0.22 3.90 -19,488 8,886,304
2017-08-07 2017-08-04 4 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		S - Sale -5,000 2,284,884 -0.22 3.99 -19,961 9,121,714
2017-08-07 2017-08-03 4 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		S - Sale -5,000 2,289,884 -0.22 3.96 -19,801 9,068,399
2017-08-07 2017-08-02 4 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		S - Sale -5,000 2,294,884 -0.22 3.99 -19,942 9,152,686
2017-08-01 3 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		4,599,768
2017-08-01 3 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		4,599,768
2017-08-01 3 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		4,599,768
2017-05-26 2017-05-24 4 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		S - Sale -5,000 2,309,884 -0.22 4.44 -22,203 10,257,271
2017-05-24 2017-05-23 4 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		S - Sale -5,000 2,314,884 -0.22 4.52 -22,622 10,473,461
2017-05-24 2017-05-22 4 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		S - Sale -5,000 2,319,884 -0.22 4.51 -22,542 10,459,197
2017-05-18 2017-05-16 4 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		S - Sale -5,000 2,324,884 -0.21 4.53 -22,664 10,538,467
2017-05-05 3 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		4,659,768
2017-05-05 3 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		4,659,768
2017-05-05 3 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		4,659,768
2016-05-05 2016-05-04 4 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		S - Sale -27,000 2,463,788 -1.08 3.73 -100,788 9,197,074
2016-05-05 2016-05-03 4 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		S - Sale -10,000 2,490,788 -0.40 3.91 -39,078 9,733,501
2016-05-03 3 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		5,001,576
2016-05-03 3 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		5,001,576
2016-05-03 3 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		5,001,576
2016-04-29 2016-04-28 4 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		S - Sale -5,000 2,500,788 -0.20 4.03 -20,136 10,070,923
2016-04-27 2016-04-26 4 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		S - Sale -3,600 2,505,788 -0.14 4.43 -15,937 11,092,873
2016-04-27 2016-04-25 4 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		S - Sale -5,000 2,509,388 -0.20 4.38 -21,906 10,993,880
2016-04-22 2016-04-22 4 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		S - Sale -5,000 2,514,388 -0.20 4.29 -21,438 10,780,690
2016-04-22 2016-04-21 4 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		S - Sale -5,000 2,519,388 -0.20 4.33 -21,634 10,900,888
2016-04-22 2016-04-20 4 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		S - Sale -5,000 2,524,388 -0.20 4.41 -22,034 11,124,473
2016-04-19 2016-04-15 4 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		S - Sale -5,000 2,529,388 -0.20 4.37 -21,844 11,050,390
2016-04-12 2016-04-08 4 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		S - Sale -10,000 2,534,388 -0.39 4.19 -41,856 10,607,934
2016-04-05 2016-04-01 4 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		S - Sale -10,200 2,544,388 -0.40 4.22 -43,039 10,736,045
2016-03-22 2016-03-18 4 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		S - Sale -10,000 2,554,588 -0.39 3.92 -39,172 10,006,832
2016-03-17 2016-03-16 4 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		S - Sale -6,000 2,564,588 -0.23 3.89 -23,362 9,985,480
2016-03-14 2016-03-10 4 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		S - Sale -5,000 2,570,588 -0.19 4.25 -21,241 10,920,372
2016-03-14 3 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		5,151,176
2016-03-14 3 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		5,151,176
2016-03-14 3 CPSS CONSUMER PORTFOLIO SERVICES INC
Common Stock, no par value 		5,151,176
2015-04-29 2015-04-27 4 FMD FIRST MARBLEHEAD CORP
Common Stock, $0.01 Par Value Per Share 		S - Sale -18,669 1,149,492 -1.60 6.42 -119,855 7,379,739
2015-03-17 2015-03-16 4 FMD FIRST MARBLEHEAD CORP
Common Stock, $0.01 Par Value Per Share 		S - Sale -120,000 1,168,161 -9.32 6.02 -722,400 7,032,329
2015-03-17 2015-03-16 4 FMD FIRST MARBLEHEAD CORP
Common Stock, $0.01 Par Value Per Share 		P - Purchase 120,000 1,288,161 10.27 6.02 722,400 7,754,729
2015-02-17 2015-02-13 4 RM Regional Management Corp.
Common Stock, $0.10 Par Value 		S - Sale -14,771 1,266,683 -1.15 15.87 -234,473 20,107,199
2015-02-06 2015-02-05 4 RM Regional Management Corp.
Common Stock, $0.10 Par Value 		S - Sale -3,000 1,281,454 -0.23 15.52 -46,547 19,882,784
2015-02-06 2015-02-04 4 RM Regional Management Corp.
Common Stock, $0.10 Par Value 		S - Sale -3,400 1,284,454 -0.26 15.36 -52,232 19,732,296
2015-01-28 2015-01-26 4 RM Regional Management Corp.
Common Stock, $0.10 Par Value 		S - Sale -5,000 1,287,854 -0.39 15.11 -75,550 19,459,474
2015-01-28 2015-01-26 4 RM Regional Management Corp.
Common Stock, $0.10 Par Value 		P - Purchase 5,000 1,292,854 0.39 15.11 75,550 19,535,024
2015-01-26 2015-01-22 4 RM Regional Management Corp.
Common Stock, $0.10 Par Value 		S - Sale -7,000 1,287,854 -0.54 15.64 -109,473 20,140,749
2015-01-20 2015-01-16 4 RM Regional Management Corp.
Common Stock, $0.10 Par Value 		S - Sale -10,000 1,294,854 -0.77 15.79 -157,900 20,445,745
2015-01-20 2015-01-16 4 RM Regional Management Corp.
Common Stock, $0.10 Par Value 		P - Purchase -10,000 1,304,854 -0.76 15.79 -157,900 20,603,645
2015-01-20 2015-01-15 4 RM Regional Management Corp.
Common Stock, $0.10 Par Value 		S - Sale -42,000 1,294,854 -3.14 15.19 -638,177 19,674,918
2015-01-20 2015-01-15 4 RM Regional Management Corp.
Common Stock, $0.10 Par Value 		P - Purchase 40,334 1,336,854 3.11 15.19 612,803 20,311,090
2015-01-15 2015-01-14 4 RM Regional Management Corp.
Common Stock, $0.10 Par Value 		S - Sale -10,000 1,296,520 -0.77 15.58 -155,813 20,201,467
2015-01-15 2015-01-13 4 RM Regional Management Corp.
Common Stock, $0.10 Par Value 		S - Sale -17,000 1,306,520 -1.28 15.04 -255,707 19,652,151
2015-01-15 2015-01-13 4 RM Regional Management Corp.
Common Stock, $0.10 Par Value 		P - Purchase 9,000 1,323,520 0.68 14.96 134,640 19,799,859
2015-01-13 2015-01-12 4 RM Regional Management Corp.
Common Stock, $0.10 Par Value 		P - Purchase 30,000 1,314,520 2.34 15.18 455,550 19,960,986
2015-01-13 2015-01-12 4 RM Regional Management Corp.
Common Stock, $0.10 Par Value 		S - Sale -40,000 1,284,520 -3.02 15.16 -606,328 19,471,011
2015-01-13 2015-01-09 4 RM Regional Management Corp.
Common Stock, $0.10 Par Value 		P - Purchase 15,000 1,324,520 1.15 15.74 236,025 20,841,322
2015-01-13 2015-01-09 4 RM Regional Management Corp.
Common Stock, $0.10 Par Value 		S - Sale -25,000 1,309,520 -1.87 15.67 -391,698 20,517,428
2015-01-09 2015-01-08 4 RM Regional Management Corp.
Common Stock, $0.10 Par Value 		P - Purchase 40,000 1,334,520 3.09 15.64 625,600 20,871,893
2015-01-09 2015-01-08 4 RM Regional Management Corp.
Common Stock, $0.10 Par Value 		S - Sale -50,000 1,294,520 -3.72 15.64 -781,860 20,242,668
2015-01-07 2015-01-06 4 RM Regional Management Corp.
Common Stock, $0.10 Par Value 		P - Purchase 20,000 1,344,520 1.51 14.80 295,940 19,894,862
2015-01-07 2015-01-05 4 RM Regional Management Corp.
Common Stock, $0.10 Par Value 		P - Purchase 20,000 1,324,520 1.53 15.21 304,280 20,151,247
2015-01-07 3 RM Regional Management Corp.
Common Stock, $0.10 Par Value 		2,609,040
2015-01-07 3 RM Regional Management Corp.
Common Stock, $0.10 Par Value 		2,609,040
2015-01-07 3 RM Regional Management Corp.
Common Stock, $0.10 Par Value 		2,609,040
2014-12-29 2014-12-29 4 FMD FIRST MARBLEHEAD CORP
Common Stock, $0.01 Par Value Per Share 		S - Sale -200,000 1,168,161 -14.62 5.04 -1,009,000 5,893,372
2014-12-29 2014-12-29 4 FMD FIRST MARBLEHEAD CORP
Common Stock, $0.01 Par Value Per Share 		P - Purchase 200,000 1,368,161 17.12 5.04 1,009,000 6,902,372
2014-12-29 2014-12-26 4 FMD FIRST MARBLEHEAD CORP
Common Stock, $0.01 Par Value Per Share 		S - Sale -35,000 1,168,161 -2.91 5.07 -177,450 5,922,576
2014-12-29 2014-12-26 4 FMD FIRST MARBLEHEAD CORP
Common Stock, $0.01 Par Value Per Share 		P - Purchase 35,000 1,203,161 3.00 5.07 177,450 6,100,026
2014-12-29 2014-12-22 4 FMD FIRST MARBLEHEAD CORP
Common Stock, $0.01 Par Value Per Share 		S - Sale -114,000 1,168,161 -8.89 5.10 -581,970 5,963,462
2014-12-29 2014-12-22 4 FMD FIRST MARBLEHEAD CORP
Common Stock, $0.01 Par Value Per Share 		P - Purchase 114,000 1,282,161 9.76 5.10 581,970 6,545,432
2014-11-17 2014-11-14 4 FMD FIRST MARBLEHEAD CORP
Common Stock, $0.01 Par Value Per Share 		P - Purchase 30,000 1,168,161 2.64 2.03 60,828 2,368,563
2014-08-11 2014-08-07 4 RM Regional Management Corp.
Common Stock, $0.10 Par Value 		S - Sale -5,000 1,268,960 -0.39 16.59 -82,950 21,052,046
2014-07-23 2014-07-21 4 RM Regional Management Corp.
Common Stock, $0.10 Par Value 		S - Sale -5,000 1,273,960 -0.39 14.94 -74,700 19,032,962
2014-07-23 2014-07-21 4 RM Regional Management Corp.
Common Stock, $0.10 Par Value 		P - Purchase 5,000 1,278,960 0.39 14.94 74,700 19,107,662
2014-07-09 3 RM Regional Management Corp.
Common Stock, $0.10 Par Value 		2,547,920
2014-07-09 3 RM Regional Management Corp.
Common Stock, $0.10 Par Value 		2,547,920
2014-07-09 3 RM Regional Management Corp.
Common Stock, $0.10 Par Value 		2,547,920
2014-06-18 3 FMD FIRST MARBLEHEAD CORP
Common Stock, $0.01 Par Value Per Share 		2,276,322
2014-06-18 3 FMD FIRST MARBLEHEAD CORP
Common Stock, $0.01 Par Value Per Share 		2,276,322
2014-06-18 3 FMD FIRST MARBLEHEAD CORP
Common Stock, $0.01 Par Value Per Share 		2,276,322
2014-04-03 2014-04-02 4 NEWS NewStar Financial, Inc.
Common Stock, par value of $0.01 		J - Other -103,570 4,675,166 -2.17
2014-04-03 2014-04-01 4 NEWS NewStar Financial, Inc.
Common Stock, par value of $0.01 		J - Other -162,275 4,778,736 -3.28
2013-09-03 2013-08-30 4 NEWS NewStar Financial, Inc.
Common Stock, par value of $0.01 		P - Purchase 5,000 4,941,011 0.10 13.11 65,571 64,797,406
2013-08-16 2013-08-15 4 NEWS NewStar Financial, Inc.
Common Stock, par value of $0.01 		P - Purchase 3,000 4,936,011 0.06 14.06 42,180 69,400,315
2013-08-13 3 NEWS NewStar Financial, Inc.
Common Stock, par value of $0.01 		4,933,011
2012-03-13 2012-03-09 4 PRSG PRIMUS GUARANTY LTD
Common Stock 		P - Purchase 1,000 6,184,907 0.02 6.26 6,260 38,717,518
2012-03-07 2012-03-06 4 PRSG PRIMUS GUARANTY LTD
Common Stock 		P - Purchase 7,500 6,183,907 0.12 6.07 45,525 37,536,315
2012-03-07 2012-03-05 4 PRSG PRIMUS GUARANTY LTD
Common Stock 		P - Purchase 2,700 6,176,407 0.04 6.19 16,713 38,231,959
2012-03-02 2012-03-01 4 PRSG PRIMUS GUARANTY LTD
Common Stock 		P - Purchase 5,000 6,173,707 0.08 6.14 30,700 37,906,561
2012-03-02 2012-02-29 4 PRSG PRIMUS GUARANTY LTD
Common Stock 		P - Purchase 10,000 6,168,707 0.16 6.20 62,000 38,245,983
2012-02-29 2012-02-27 4 PRSG PRIMUS GUARANTY LTD
Common Stock 		P - Purchase 10,000 6,158,707 0.16 6.23 62,300 38,368,745
2012-02-22 2012-02-21 4 PRSG PRIMUS GUARANTY LTD
Common Stock 		P - Purchase 1,000 6,148,707 0.02 5.90 5,900 36,277,371
2012-02-22 2012-02-17 4 PRSG PRIMUS GUARANTY LTD
Common Stock 		P - Purchase 10,000 6,147,707 0.16 5.92 59,200 36,394,425
2012-02-13 2012-02-09 4 PRSG PRIMUS GUARANTY LTD
Common Stock 		P - Purchase 5,000 6,137,707 0.08 5.70 28,500 34,984,930
2012-02-07 2012-02-03 4 PRSG PRIMUS GUARANTY LTD
Common Stock 		P - Purchase 15,000 6,132,707 0.25 5.61 84,150 34,404,486
2012-01-23 2012-01-20 4 PRSG PRIMUS GUARANTY LTD
Common Stock 		P - Purchase 3,250 6,117,707 0.05 5.18 16,835 31,689,722
2012-01-23 2012-01-19 4 PRSG PRIMUS GUARANTY LTD
Common Stock 		P - Purchase 10,000 6,114,457 0.16 5.34 53,400 32,651,200
2012-01-13 2012-01-12 4 PRSG PRIMUS GUARANTY LTD
Common Stock 		P - Purchase 10,000 6,104,457 0.16 5.23 52,300 31,926,310
2012-01-13 2012-01-11 4 PRSG PRIMUS GUARANTY LTD
Common Stock 		P - Purchase 25,000 6,094,457 0.41 5.18 129,500 31,569,287
2012-01-04 2011-12-30 4 PRSG PRIMUS GUARANTY LTD
Common Stock 		P - Purchase 21,900 6,069,457 0.36 4.87 106,653 29,558,256
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)