SEC Form 4 · accession 0001209191-16-098858
Forestar Group Inc. · FOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bruce Fairchild Dickson
Officer — Chief Real Estate Officer
Period of report
Feb 11, 2016
Accepted (ET)
Feb 16, 2016 · 5:22 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, 2016 | M | 2,922 | $0.00 | A | 28,883 | D | |
| Common StockF1 | Feb 11, 2016 | D | 2,922 | $8.40 | D | 25,961 | D | |
| Common StockF2 | Feb 12, 2016 | M | 2,601 | $0.00 | A | 28,562 | D | |
| Common StockF2 | Feb 12, 2016 | D | 2,601 | $8.60 | D | 25,961 | D | |
| Common StockF3 | Feb 12, 2016 | M | 7,618 | — | A | 33,579 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitsF7 | — | Feb 12, 2016 | M | 2,601 | D | — | — | Common Stock | 2,601 | 0 | D |
| Restricted Share UnitsF8 | — | Feb 11, 2016 | M | 2,922 | D | — | — | Common Stock | 2,922 | 2,923 | D |
| Market Stock UnitsF9 | — | Feb 12, 2016 | M | 14,227 | D | — | Feb 12, 2016 | Common Stock | 14,227 | 0 | D |
| Option (right to buy)F4 | $16.11 | holding | — | — | — | Feb 14, 2013 | Feb 14, 2022 | Common Stock | 34,871 | 34,871 | D |
| Option (right to buy)F5 | $18.70 | holding | — | — | — | Feb 12, 2014 | Feb 12, 2023 | Common Stock | 29,240 | 29,240 | D |
| Option (right to buy)F6 | $14.08 | holding | — | — | — | Feb 10, 2016 | Feb 10, 2025 | Common Stock | 27,565 | 27,565 | D |
| Market Stock UnitsF9 | — | holding | — | — | — | — | Feb 11, 2017 | Common Stock | 9,567 | 9,567 | D |
| Market Stock UnitsF9 | — | holding | — | — | — | — | Feb 10, 2018 | Common Stock | 27,789 | 27,789 | D |
Explanation of responses
- F1Restricted stock units vested 02/11/2016. Restricted stock units are being settled for cash based on the fair market value on 02/11/2016.
- F2Restricted stock units vested 02/12/2016. Restricted stock units are being settled for cash based on the fair market value on 02/12/2016.
- F3Represents vesting of previously reported Market Stock Units.
- F4Vesting schedule for Options granted 02/14/2012 - Exercise price is $16.11: Options Exercisable 02/14/2013 - 8,717; Options Exercisable 02/14/2014 - 8,718; Options Exercisable 02/14/2015 - 8,718; and Options Exercisable 02/14/2016 - 8,718.
- F5Vesting schedule for Options granted 02/12/2013 - Exercise price is $18.70: Options Exercisable 02/12/2014 - 7,310; Options Exercisable 02/12/2015 - 7,310; Options Exercisable 02/12/2016 - 7,310; and Options Exercisable 02/12/2017 - 7,310.
- F6Vesting schedule for Options granted 02/10/2015 - Exercise price is $14.08: Options Exercisable 02/10/2016 - 6,891; Options Exercisable 02/10/2017 - 6,891; Options Exercisable 02/10/2018 - 6,891; and Options Exercisable 02/10/2019 - 6,892.
- F7Restricted share units granted on 02/12/2013 will vest as follows: 2,602 on 02/12/2014; 2,601 on 02/12/2015; 2,601 on 02/12/2016. Restricted share units will be settled for cash based on the fair market value on vesting date.
- F8Restricted share units granted on 02/11/2014 will vest as follows: 2,923 on 02/11/2015; 2,922 on 02/11/2016; 2,923 on 02/11/2017. Restricted share units will be settled for cash based on the fair market value on vesting date.
- F9Number of units received upon vesting will vary depending upon performance of Company stock over the performance period.