SEC Form 4 · accession 0001209191-16-098860
Forestar Group Inc. · FOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David M Grimm
Officer — Chief Administrative Officer
Period of report
Feb 11, 2016
Accepted (ET)
Feb 16, 2016 · 5:23 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 | 1,845 | $0.00 | A | 57,807 | D | |
| Common StockF1 | Feb 11, 2016 | D | 1,845 | $8.40 | D | 55,962 | D | |
| Common StockF2 | Feb 12, 2016 | M | 2,027 | $0.00 | A | 57,989 | D | |
| Common StockF2 | Feb 12, 2016 | D | 2,027 | $8.60 | D | 55,962 | D | |
| Common StockF3 | Feb 12, 2016 | M | 6,349 | — | A | 62,311 | D | |
| Common Stock | Feb 12, 2016 | F | 2,073 | $8.60 | D | 60,238 | D | |
| Common Stock | holding | — | — | — | 1,000 | I | By Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitsF13 | — | Feb 12, 2016 | M | 2,027 | D | — | — | Common Stock | 2,027 | 0 | D |
| Restricted Share UnitsF14 | — | Feb 11, 2016 | M | 1,845 | D | — | — | Common Stock | 1,846 | 1,846 | D |
| Market Stock UnitsF16 | — | Feb 12, 2016 | M | 11,856 | D | — | Feb 12, 2016 | Common Stock | 11,856 | 0 | D |
| Option (right to buy)F4,F5 | $30.56 | holding | — | — | — | Feb 2, 2008 | Feb 2, 2017 | Common Stock | 1,708 | 1,708 | D |
| Option (right to buy)F6 | $28.85 | holding | — | — | — | Feb 12, 2009 | Feb 12, 2018 | Common Stock | 22,300 | 22,300 | D |
| Option (right to buy)F7 | $17.80 | holding | — | — | — | Feb 9, 2011 | Feb 9, 2020 | Common Stock | 10,757 | 10,757 | D |
| Option (right to buy)F8 | $18.59 | holding | — | — | — | Feb 8, 2012 | Feb 8, 2021 | Common Stock | 20,772 | 20,772 | D |
| Option (right to buy)F9 | $16.11 | holding | — | — | — | Feb 14, 2013 | Feb 14, 2022 | Common Stock | 24,142 | 24,142 | D |
| Option (right to buy)F10 | $18.70 | holding | — | — | — | Feb 12, 2014 | Feb 12, 2023 | Common Stock | 24,366 | 24,366 | D |
| Option (right to buy)F11 | $14.08 | holding | — | — | — | Feb 10, 2016 | Feb 10, 2025 | Common Stock | 22,971 | 22,971 | D |
| Stock Appreciation RightF12 | $17.80 | holding | — | — | — | Feb 9, 2011 | Feb 9, 2020 | Common Stock | 12,628 | 12,628 | D |
| Restricted Share UnitsF15 | — | holding | — | — | — | — | — | Common Stock | 17,442 | 17,442 | D |
| Market Stock UnitsF16 | — | holding | — | — | — | — | Feb 11, 2017 | Common Stock | 7,360 | 7,360 | D |
| Market Stock UnitsF16 | — | holding | — | — | — | — | Feb 10, 2018 | Common Stock | 23,158 | 23,158 | 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.
- F10Vesting schedule for Options granted 02/12/2013 - Exercise price is $18.70: Options Exercisable 02/12/2014 - 6,091; Options Exercisable 02/12/2015 - 6,092; Options Exercisable 02/12/2016 - 6,091; and Options Exercisable 02/12/2017 - 6,092.
- F11Vesting schedule for Options granted 02/10/2015 - Exercise price is $14.08: Options Exercisable 02/10/2016 - 5,742; Options Exercisable 02/10/2017 - 5,743; Options Exercisable 02/10/2018 - 5,743; and Options Exercisable 02/10/2019 - 5,743.
- F12Vesting schedule for Stock Appreciation Rights (SARs) granted 02/09/2010 - Exercise price is $17.80: SARs Exercisable 02/09/2011 - 3,157; SARs Exercisable 02/09/2012 - 3,157; SARs Exercisable 02/09/2013 - 3,157; and SARs Exercisable 02/09/2014 - 3,157. SARs will be settled for cash.
- F13Restricted share units granted on 02/12/2013 will vest as follows: 2,028 on 02/12/2014; 2,027 on 02/12/2015; 2,027 on 02/12/2016. Restricted share units will be settled for cash based on the fair market value on vesting date.
- F14Restricted share units granted on 02/11/2014 will vest as follows: 1,846 on 02/11/2015; 1,845 on 02/11/2016; 1,846 on 02/11/2017. Restricted share units will be settled for cash based on the fair market value on vesting date.
- F15Restricted share units granted on 02/09/2016 will vest as follows: 5,814 on 02/09/2017; 5,814 on 02/09/2018; 5,814 on 02/09/2019. Restricted share units will be settled with stock.
- F16Number of shares to be received upon vesting will vary depending upon performance of Company stock over the performance period.
- 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.
- F4Options Vesting Schedule - Exercise price of $30.56: Options Exercisable 02/02/2008 - 427; Options Exercisable 02/02/2009 - 427; Options Exercisable 02/02/2010 - 427; and Options Exercisable 02/02/2011 - 427.
- F5Shares acquired in a pro rata distribution by Temple-Inland Inc. through a spin-off on or around December 28, 2007.
- F6Options Vesting Schedule for Options Granted 02/12/2008 - Exercise price is $28.85: Options Exercisable 02/12/2009 - 5,575; Options Exercisable 02/12/2010 - 5,575; Options Exercisable 02/12/2011 - 5,575; Options Exercisable 02/12/2012 - 5,575.
- F7Vesting schedule for Options granted 02/09/2010 - Exercise price is $17.80: Options Exercisable 02/09/2011 - 2,689; Options Exercisable 02/09/2012 - 2,689; Options Exercisable 02/09/2013 - 2,689; and Options Exercisable 02/09/2014 - 2,690.
- F8Vesting schedule for Options granted 02/08/2011 - Exercise price is $18.59: Options Exercisable 02/08/2012 - 5,193; Options Exercisable 02/08/2013 - 5,193; Options Exercisable 02/08/2014 - 5,193; and Options Exercisable 02/08/2015 - 5,193.
- F9Vesting schedule for Options granted 02/14/2012 - Exercise price is $16.11: Options Exercisable 02/14/2013 - 6,035; Options Exercisable 02/14/2014 - 6,036; Options Exercisable 02/14/2015 - 6,035; and Options Exercisable 02/14/2016 - 6,036.