SEC Form 4 · accession 0001209191-15-012950
Forestar Group Inc. · FOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James M DeCosmo
Officer — CEO - President · Director
Period of report
Feb 10, 2015
Accepted (ET)
Feb 12, 2015 · 6:18 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001406587
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 11, 2015 | M | 3,252 | $0.00 | A | 115,787 | D | |
| Common StockF1,F2 | Feb 11, 2015 | D | 3,252 | $14.10 | D | 112,535 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (right to buy)F12 | $14.08 | Feb 10, 2015 | A | 50,536 | A | Feb 10, 2016 | Feb 10, 2025 | Common Stock | 50,536 | 50,536 | D |
| Restricted Share UnitsF17 | — | Feb 11, 2015 | M | 3,252 | D | — | — | Common Stock | 3,252 | 6,506 | D |
| Market Stock UnitsF18 | — | Feb 10, 2015 | A | 50,947 | A | — | Feb 10, 2018 | Common Stock | 50,947 | 50,947 | D |
| Option (right to buy)F3,F4 | $27.06 | holding | — | — | — | Feb 3, 2007 | Feb 3, 2016 | Common Stock | 6,150 | 6,150 | D |
| Option (right to buy)F4,F5 | $30.56 | holding | — | — | — | Feb 2, 2008 | Feb 2, 2017 | Common Stock | 6,150 | 6,150 | D |
| Option (right to buy)F6 | $28.85 | holding | — | — | — | Feb 12, 2009 | Feb 12, 2018 | Common Stock | 74,000 | 74,000 | D |
| Option (right to buy)F7 | $9.29 | holding | — | — | — | Feb 10, 2010 | Feb 10, 2019 | Common Stock | 59,010 | 59,010 | D |
| Option (right to buy)F8 | $17.80 | holding | — | — | — | Feb 9, 2011 | Feb 9, 2020 | Common Stock | 32,016 | 32,016 | D |
| Option (right to buy)F9 | $18.59 | holding | — | — | — | Feb 8, 2012 | Feb 8, 2021 | Common Stock | 54,402 | 54,402 | D |
| Option (right to buy)F10 | $16.11 | holding | — | — | — | Feb 14, 2013 | Feb 14, 2022 | Common Stock | 59,013 | 59,013 | D |
| Option (right to buy)F11 | $18.70 | holding | — | — | — | Feb 12, 2014 | Feb 14, 2023 | Common Stock | 53,606 | 53,606 | D |
| Stock Appreciation RightF13 | $9.29 | holding | — | — | — | Feb 10, 2010 | Feb 10, 2019 | Common Stock | 100,000 | 31,345 | D |
| Stock Appreciation RightF14 | $17.80 | holding | — | — | — | Feb 9, 2011 | Feb 9, 2020 | Common Stock | 37,584 | 37,584 | D |
| Restricted Share UnitsF15 | — | holding | — | — | — | — | — | Common Stock | 8,069 | 8,070 | D |
| Restricted Share UnitsF16 | — | holding | — | — | — | — | — | Common Stock | 3,298 | 6,596 | D |
| Market Stock UnitsF18 | — | holding | — | — | — | — | Feb 14, 2015 | Common Stock | 29,380 | 29,380 | D |
| Market Stock UnitsF18 | — | holding | — | — | — | — | Feb 12, 2016 | Common Stock | 26,084 | 26,084 | D |
| Market Stock UnitsF18 | — | holding | — | — | — | — | Feb 11, 2017 | Common Stock | 16,191 | 16,191 | D |
Explanation of responses
- F1Restricted stock units vested 02/11/2015. Restricted stock units are being settled for cash based on the fair market value on 02/11/2015.
- F10Vesting schedule for Options granted 02/14/2012 - Exercise price is $16.11: Options Exercisable 02/14/2013 - 14,753; Options Exercisable 02/14/2014 - 14,753; Options Exercisable 02/14/2015 - 14,753; and Options Exercisable 02/14/2016 - 14,754.
- F11Vesting schedule for Options granted 02/12/2013 - Exercise price is $18.70: Options Exercisable 02/12/2014 - 13,401; Options Exercisable 02/12/2015 - 13,402; Options Exercisable 02/12/2016 - 13,401; and Options Exercisable 02/12/2017 - 13,402.
- F12Vesting schedule for Options granted 02/10/2015 - Exercise price is $14.08: Options Exercisable 02/10/2016 - 12,634; Options Exercisable 02/10/2017 - 12,634; Options Exercisable 02/10/2018 - 12,634; and Options Exercisable 02/10/2019 - 12,634.
- F13Vesting schedule for Stock Appreciation Rights (SARs) granted 02/10/2009 - Exercise price is $9.29: SARs Exercisable 02/10/2010 - 32,836; SARs Exercisable 02/10/2011 - 32,836; SARs Exercisable 02/10/2012 - 32,836; and SARs Exercisable 02/10/2013 - 32,837.
- F14Vesting schedule for Stock Appreciation Rights (SARs) granted 02/09/2010 - Exercise price is $17.80: SARs Exercisable 02/09/2011 - 9,396; SARs Exercisable 02/09/2012 - 9,396; SARs Exercisable 02/09/2013 - 9,396; and SARs Exercisable 02/09/2014 - 9,396. SARs will be settled for cash.
- F15Restricted share units granted on 02/14/2012 will vest as follows: 8,070 on 02/14/2013; 8,069 on 02/14/2014; 8,070 on 02/14/2015. Restricted share units will be settled for cash based on the fair market value on vesting date.
- F16Restricted share units granted on 02/12/2013 will vest as follows: 3,298 on 02/12/2014; 3,298 on 02/12/2015; 3,298 on 02/12/2016. Restricted share units will be settled for cash based on the fair market value on vesting date.
- F17Restricted share units granted on 02/11/2014 will vest as follows: 3,252 on 02/11/2015; 3,253 on 02/11/2016; 3,253 on 02/11/2017. Restricted share units will be settled for cash based on the fair market value on vesting date.
- F18Number of units received upon vesting will vary depending upon performance of Company stock over the performance period.
- F2In accordance with the Rights Agreement adopted by the Company on December 11, 2007, Preferred Stock Purchase Rights are deemed to be attached to the shares of Common Stock.
- F3Options Vesting Schedule - Exercise price of $27.06: Options Exercisable 02/03/2007 - 1,537; Options Exercisable 02/03/2008 - 1,537; Options Exercisable 02/03/2009 - 1,537; and Options Exercisable 02/03/2010 - 1,537.
- F4Shares acquired in a pro rata distribution by Temple-Inland Inc. through a spin-off on or around December 28, 2007.
- F5Options Vesting Schedule - Exercise price of $30.56: Options Exercisable 02/02/2008 - 1,537; Options Exercisable 02/02/2009 - 1,537; Options Exercisable 02/02/2010 - 1,537; and Options Exercisable 02/02/2011 - 1,537.
- F6Options Vesting Schedule for Options Granted 02/12/2008 - Exercise price is $28.85: Options Exercisable 02/12/2009 - 18,500; Options Exercisable 02/12/2010 - 18,500; Options Exercisable 02/12/2011 - 18,500; Options Exercisable 02/12/2012 - 18,500.
- F7Vesting schedule for Options granted 02/10/2009 - Exercise price is $9.29: Options Exercisable 02/10/2010 - 14,752; Options Exercisable 02/10/2011 - 14,752; Options Exercisable 02/10/2012 - 14,753; and Options Exercisable 02/10/2013 - 14,753.
- F8Vesting schedule for Options granted 02/09/2010 - Exercise price is $17.80: Options Exercisable 02/09/2011 - 8,004; Options Exercisable 02/09/2012 - 8,004; Options Exercisable 02/09/2013 - 8,004; and Options Exercisable 02/09/2014 - 8,004.
- F9Vesting schedule for Options granted 02/08/2011 - Exercise price is $18.59: Options Exercisable 02/08/2012 - 13,600; Options Exercisable 02/08/2013 - 13,601; Options Exercisable 02/08/2014 - 13,600; and Options Exercisable 02/08/2015 - 13,601.