SEC Form 4 · accession 0001209191-17-009888
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 9, 2017
Accepted (ET)
Feb 13, 2017 · 1:41 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 9, 2017 | M | 5,814 | $0.00 | A | 66,052 | D | |
| Common Stock | Feb 9, 2017 | F | 1,899 | $12.70 | D | 64,153 | D | |
| Common StockF2 | Feb 11, 2017 | M | 1,846 | $0.00 | A | 65,999 | D | |
| Common StockF2 | Feb 11, 2017 | D | 1,846 | $13.00 | D | 64,153 | 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 UnitsF10 | — | Feb 11, 2017 | M | 1,846 | D | — | — | Common Stock | 1,846 | 0 | D |
| Restricted Share UnitsF11 | — | Feb 9, 2017 | M | 5,814 | D | — | — | Common Stock | 5,814 | 11,628 | D |
| Option (right to buy)F3 | $28.85 | holding | — | — | — | Feb 12, 2009 | Feb 12, 2018 | Common Stock | 22,300 | 22,300 | D |
| Option (right to buy)F4 | $17.80 | holding | — | — | — | Feb 9, 2011 | Feb 9, 2020 | Common Stock | 10,757 | 10,757 | D |
| Option (right to buy)F5 | $18.59 | holding | — | — | — | Feb 8, 2012 | Feb 8, 2021 | Common Stock | 20,772 | 20,772 | D |
| Option (right to buy)F6 | $16.11 | holding | — | — | — | Feb 14, 2013 | Feb 14, 2022 | Common Stock | 24,142 | 24,142 | D |
| Option (right to buy)F7 | $18.70 | holding | — | — | — | Feb 12, 2014 | Feb 12, 2023 | Common Stock | 24,366 | 24,366 | D |
| Option (right to buy)F8 | $14.08 | holding | — | — | — | Feb 10, 2016 | Feb 10, 2025 | Common Stock | 22,971 | 22,971 | D |
| Stock Appreciation RightF9 | $17.80 | holding | — | — | — | Feb 9, 2011 | Feb 9, 2020 | Common Stock | 12,628 | 12,628 | D |
| Market Stock UnitsF12 | — | holding | — | — | — | — | Feb 11, 2017 | Common Stock | 7,360 | 7,360 | D |
| Market Stock UnitsF12 | — | holding | — | — | — | — | Feb 10, 2018 | Common Stock | 23,158 | 23,158 | D |
Explanation of responses
- F1Restricted share units vested 02/09/2017. Restricted stock units are being settled in stock.
- F10Restricted 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.
- F11Restricted 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.
- F12Number of shares to be received upon vesting will vary depending upon performance of Company stock over the performance period.
- F2Restricted share units vested 02/11/2017. Restricted stock units are being settled for cash based on the fair market value on 02/11/2017.
- F3Vesting 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.
- F4Vesting 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.
- F5Vesting 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.
- F6Vesting 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.
- F7Vesting 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.
- F8Vesting 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.
- F9Vesting 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.