SEC Form 4/A · accession 0001209191-17-010295
Forestar Group Inc. · FOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Michael J. Quinley
Officer — President
Period of report
Feb 9, 2017
Accepted (ET)
Feb 14, 2017 · 10:28 am 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,F2 | Feb 9, 2017 | M | 13,566 | $0.00 | A | 33,839 | D | |
| Common Stock | Feb 9, 2017 | F | 4,866 | $12.70 | D | 28,973 | D | |
| Common StockF3 | Feb 11, 2017 | M | 2,049 | $0.00 | A | 31,022 | D | |
| Common StockF3 | Feb 11, 2017 | D | 2,049 | $13.00 | D | 28,973 | 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 UnitsF9 | — | Feb 11, 2017 | M | 2,049 | D | — | — | Common Stock | 2,049 | 0 | D |
| Restricted Share UnitsF11 | — | Feb 9, 2017 | M | 13,566 | D | — | — | Common Stock | 13,566 | 27,132 | D |
| Option (right to buy)F4 | $17.80 | holding | — | — | — | — | Feb 9, 2020 | Common Stock | 6,659 | 6,659 | D |
| Option (right to buy)F4 | $18.59 | holding | — | — | — | — | Feb 8, 2021 | Common Stock | 14,837 | 14,837 | D |
| Option (right to buy)F4 | $16.11 | holding | — | — | — | — | Feb 14, 2022 | Common Stock | 16,094 | 16,094 | D |
| Option (right to buy)F5 | $18.70 | holding | — | — | — | Feb 12, 2014 | Feb 12, 2023 | Common Stock | 14,620 | 14,620 | D |
| Option (right to buy)F6 | $14.08 | holding | — | — | — | Feb 10, 2016 | Feb 10, 2025 | Common Stock | 18,377 | 18,377 | D |
| Option (right to buy)F7 | $13.43 | holding | — | — | — | Sep 25, 2016 | Sep 25, 2025 | Common Stock | 25,650 | 25,650 | D |
| Stock Appreciation RightF8 | $9.29 | holding | — | — | — | — | Feb 10, 2019 | Common Stock | 25,381 | 25,381 | D |
| Stock Appreciation RightF8 | $17.80 | holding | — | — | — | — | Feb 9, 2020 | Common Stock | 7,817 | 7,817 | D |
| Restricted Share UnitsF10 | — | holding | — | — | — | — | — | Common Stock | 12,100 | 12,100 | D |
| Market Stock UnitsF12 | — | holding | — | — | — | — | Feb 11, 2017 | Common Stock | 5,152 | 5,152 | D |
| Market Stock UnitsF12 | — | 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.
- F10Restricted share units granted on 09/25/2015 will vest on 09/25/2018. 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: 13,566 on 02/09/2017; 13,566 on 02/09/2018; 13,566 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.
- F2Revised amount corrects clerical error on direct shares owned.
- F3Restricted share units vested 02/11/2017. Restricted stock units are being settled for cash based on the fair market value on 02/11/2017.
- F4Options are fully vested and exercisable as of the date of this report.
- F5Vesting schedule for Options granted 02/12/2013 -Exercise price is $18.70: Options Exercisable 02/12/2014 - 3,655; Options Exercisable 02/12/2015 - 3,655; Options Exercisable 02/12/2016 - 3,655; and Options Exercisable 02/12/2017 - 3,655.
- 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.
- F7Vesting schedule for Options granted 09/25/2015 - Exercise price is $13.43, however, options will not be exercisable unless stock price exceeds $17.50 per share: Options Exercisable 09/25/2016 - 8,550; Options Exercisable 09/25/2017 - 8,550; Options Exercisable 09/25/2018 - 8,550.
- F8Stock Appreciation Rights (SARs) are fully vested and exercisable as of the date of this report.
- F9Restricted share units granted on 02/11/2014 will vest as follows: 2,049 on 02/11/2016; 2,049 on 02/11/2017. Restricted share units will be settled for cash based on the fair market value on vesting date.