SEC Form 4 · accession 0001209191-17-009889
Forestar Group Inc. · FOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles D Jehl
Officer — Chief Financial Officer
Period of report
Feb 9, 2017
Accepted (ET)
Feb 13, 2017 · 1:42 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 | 21,318 | $0.00 | A | 69,979 | D | |
| Common Stock | Feb 9, 2017 | F | 6,171 | $12.70 | D | 63,808 | D | |
| Common StockF2 | Feb 11, 2017 | M | 1,692 | $0.00 | A | 65,500 | D | |
| Common StockF2 | Feb 11, 2017 | D | 1,692 | $13.00 | D | 63,808 | 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 UnitsF8 | — | Feb 11, 2017 | M | 1,692 | D | — | — | Common Stock | 1,692 | 0 | D |
| Restricted Share UnitsF9 | — | Feb 9, 2017 | M | 21,318 | D | — | — | Common Stock | 21,318 | 42,635 | D |
| Option (right to buy)F3 | $28.85 | holding | — | — | — | — | Feb 12, 2018 | Common Stock | 22,300 | 22,300 | D |
| Option (right to buy)F3 | $17.80 | holding | — | — | — | — | Feb 9, 2020 | Common Stock | 10,757 | 10,757 | D |
| Option (right to buy)F3 | $18.59 | holding | — | — | — | — | Feb 8, 2021 | Common Stock | 20,772 | 20,772 | D |
| Option (right to buy)F4 | $16.11 | holding | — | — | — | Feb 14, 2013 | Feb 14, 2022 | Common Stock | 22,532 | 22,532 | D |
| Option (right to buy)F5 | $18.70 | holding | — | — | — | Feb 12, 2014 | Feb 12, 2023 | Common Stock | 19,493 | 19,493 | D |
| Option (right to buy)F6 | $14.08 | holding | — | — | — | Feb 10, 2016 | Feb 10, 2025 | Common Stock | 18,377 | 18,377 | D |
| Stock Appreciation RightF7 | $17.80 | holding | — | — | — | Feb 9, 2011 | Feb 9, 2020 | Common Stock | 12,628 | 12,628 | D |
| Market Stock UnitsF10 | — | holding | — | — | — | — | Feb 11, 2017 | Common Stock | 5,888 | 5,888 | D |
| Market Stock UnitsF10 | — | holding | — | — | — | — | Feb 10, 2018 | Common Stock | 18,526 | 18,526 | D |
Explanation of responses
- F1Restricted share units vested 02/09/2017. Restricted stock units are being settled in stock.
- F10Number 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.
- F3Options are fully vested and exercisable as of the date of this report.
- F4Vesting schedule for Options granted 02/14/2012 - Exercise price is $16.11: Options Exercisable 02/14/2013 - 5,633; Options Exercisable 02/14/2014 - 5,633; Options Exercisable 02/14/2015 - 5,633; and Options Exercisable 02/14/2016 - 5,633.
- F5Vesting schedule for Options granted 02/12/2013 - Exercise price is $18.70: Options Exercisable 02/12/2014 - 4,873; Options Exercisable 02/12/2015 - 4,873; Options Exercisable 02/12/2016 - 4,873; and Options Exercisable 02/12/2017 - 4,874.
- F6Vesting schedule for Options granted 02/10/2015 - Exercise price is $14.08: Options Exercisable 02/10/2016 - 4,594; Options Exercisable 02/10/2017 - 4,594; Options Exercisable 02/10/2018 - 4,594; and Options Exercisable 02/10/2019 - 4,595.
- F7Stock Appreciation Rights (SARs) are fully vested and exercisable as of the date of this report.
- F8Restricted share units granted on 02/11/2014 will vest as follows: 1,692 on 02/11/2016; 1,692 on 02/11/2017. Restricted share units will be settled for cash based on the fair market value on vesting date.
- F9Restricted share units granted on 02/09/2016 will vest as follows: 21,318 on 02/09/2017; 21,317 on 02/09/2018; 21,318 on 02/09/2019. Restricted share units will be settled with stock.