SEC Form 4 · accession 0001209191-17-011363

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 14, 2017

Accepted (ET)

Feb 16, 2017 · 2:28 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 Stock^F1	Feb 14, 2017	M	4,737	—	A	68,890	D
Common Stock	Feb 14, 2017	F	1,349	$12.95	D	67,541	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
Market Stock Units^F10	—	Feb 14, 2017	M	7,360	D	—	Feb 11, 2017	Common Stock	7,360	0	D
Option (right to buy)^F2	$28.85	holding	—	—	—	Feb 12, 2009	Feb 12, 2018	Common Stock	22,300	22,300	D
Option (right to buy)^F3	$17.80	holding	—	—	—	Feb 9, 2011	Feb 9, 2020	Common Stock	10,757	10,757	D
Option (right to buy)^F4	$18.59	holding	—	—	—	Feb 8, 2012	Feb 8, 2021	Common Stock	20,772	20,772	D
Option (right to buy)^F5	$16.11	holding	—	—	—	Feb 14, 2013	Feb 14, 2022	Common Stock	24,142	24,142	D
Option (right to buy)^F6	$18.70	holding	—	—	—	Feb 12, 2014	Feb 12, 2023	Common Stock	24,366	24,366	D
Option (right to buy)^F7	$14.08	holding	—	—	—	Feb 10, 2016	Feb 10, 2025	Common Stock	22,971	22,971	D
Stock Appreciation Right^F8	$17.80	holding	—	—	—	Feb 9, 2011	Feb 9, 2020	Common Stock	12,628	12,628	D
Restricted Share Units^F9	—	holding	—	—	—	—	—	Common Stock	5,814	11,628	D
Market Stock Units^F10	—	holding	—	—	—	—	Feb 10, 2018	Common Stock	23,158	23,158	D

Explanation of responses

F1Represents vesting of previously reported Market Stock Units.
F10Number of shares to be received upon vesting will vary depending upon performance of Company stock over the performance period.
F2Vesting 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.
F3Vesting 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.
F4Vesting 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.
F5Vesting 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.
F6Vesting 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.
F7Vesting 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.
F8Vesting 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.
F9Restricted 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.