This paper proposes a new class of Space-Time Block Codes, which is manipulated from the existing transmit diversity schemes. We analyze the performance and the receiver complexity of the proposed scheme and confirm that the new diversity scheme can yield performance gain over other existing four-transmit antenna cases. By relaxing the diversity criterion on code designs, the proposed space-time code provides a full transmission rate for four-transmit antennas and makes it possible to approach the open-loop Shannon channel capacity. Outage capacity and simulation results are used to show that substantial improvements in performance while maintaining a simple linear processing receiver structure are obtained in frequency selective channels.