SEC Form 4 · accession 0001209191-17-011380
Forestar Group Inc. · FOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard M Smith
Director
Period of report
Feb 14, 2017
Accepted (ET)
Feb 16, 2017 · 2:34 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 14, 2017 | A | 7,818 | $0.00 | A | 79,652 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (right to buy)F2 | $28.85 | holding | — | — | — | Feb 12, 2009 | Feb 12, 2018 | Common Stock | 20,000 | 20,000 | D |
| Restricted Share UnitsF3 | — | holding | — | — | — | — | — | Common Stock | — | 28,621 | D |
Explanation of responses
- F1Restricted share units accrued under a Company Plan to be settled following Reporting Person's retirement. All restricted share units are vested except a portion of those granted on 02/14/2017 that will vest as follows: 1,448 on 05/9/2017; 1,448 on 08/08/2017; 1,448 on 11/14/2017.
- F2Vesting schedule for Options granted 02/12/2008 - Exercise price is $28.85: Options Exerciserable 02/12/2009 - 6,500; Options Exerciserable 02/12/2010 - 6,500; and Options Exerciserable 02/12/2011 - 7,000.
- F3Restricted share units accrued under a Company plan to be settled in cash following Reporting Person's retirement. Restricted share units are vested on the date of grant and have the economic equivalent of one share of common stock.