SEC Form 4 · accession 0001209191-17-021817

Forestar Group Inc. · FOR

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Phillip J Weber

Officer — Chief Executive Officer · Director

Period of report

Mar 16, 2017

Accepted (ET)

Mar 20, 2017 · 6:02 pm EDT

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	Mar 16, 2017	A	24,416	—	A	86,092	D
Common Stock	Mar 16, 2017	F	7,147	$13.00	D	78,945	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	$17.80	holding	—	—	—	Feb 9, 2011	Feb 9, 2020	Common Stock	9,604	3,202	D
Option (right to buy)^F3	$18.59	holding	—	—	—	Feb 8, 2012	Feb 8, 2021	Common Stock	12,364	12,364	D
Option (right to buy)^F4	$16.11	holding	—	—	—	Feb 14, 2013	Feb 14, 2022	Common Stock	7,376	22,130	D
Option (right to buy)^F5	$18.70	holding	—	—	—	Feb 12, 2014	Feb 12, 2023	Common Stock	29,240	29,240	D
Option (right to buy)^F6	$14.08	holding	—	—	—	Feb 10, 2016	Feb 10, 2025	Common Stock	25,268	25,268	D
Option (right to buy)^F7	$13.43	holding	—	—	—	Sep 25, 2015	Sep 25, 2025	Common Stock	90,000	90,000	D
Stock Appreciation Right^F8	$17.80	holding	—	—	—	Feb 9, 2011	Feb 9, 2020	Common Stock	11,274	3,759	D
Restricted Share Units^F9	—	holding	—	—	—	—	—	Common Stock	13,566	27,132	D
Market Stock Units^F10	—	holding	—	—	—	—	Feb 10, 2018	Common Stock	25,474	25,474	D

Explanation of responses

F1Represents vesting of 2014 Performance 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 02/09/2010 - Exercise price is $17.80: Options Exercisable 02/09/2011 - 3,201; Options Exercisable 02/09/2012 - 3,202; Options Exercisable 02/09/2013 - 3,201; and Options Exercisable 02/09/2014 - 3,202.
F3Vesting schedule for Options granted 02/08/2011 - Exercise price is $18.59: Options Exercisable 02/08/2012 - 6,182; Options Exercisable 02/08/2013 - 6,182; Options Exercisable 02/08/2014 - 6,182; and Options Exercisable 02/08/2015 - 6,182.
F4Vesting schedule for Options granted 02/14/2012 - Exercise price is $16.11: Options Exercisable 02/14/2013 - 7,376; Options Exercisable 02/14/2014 - 7,377; Options Exercisable 02/14/2015 - 7,376; and Options Exercisable 02/14/2016 - 7,377.
F5Vesting schedule for Options granted 02/12/2013 - Exercise price is $18.70: Options Exercisable 02/12/2014 - 7,310; Options Exercisable 02/12/2015 - 7,310; Options Exercisable 02/12/2016 - 7,310; and Options Exercisable 02/12/2017 - 7,310.
F6Vesting schedule for Options granted 02/10/2015 - Exercise price is $14.08: Options Exercisable 02/10/2016 - 6,317; Options Exercisable 02/10/2017 - 6,317; Options Exercisable 02/10/2018 - 6,317; and Options Exercisable 02/10/2019 - 6,317.
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 - 30,000; Options Exercisable 09/25/2017 - 30,000; and Options Exercisable 09/25/2018 - 30,000.
F8Vesting schedule for Stock Appreciation Rights (SARs) granted 02/09/2010 - Exercise price is $17.80: SARs Exercisable 02/09/2011 - 3,758; SARs Exercisable 02/09/2012 - 3,758; SARs Exercisable 02/09/2013 - 3,758; and SARs Exercisable 02/09/2014 - 3,759. SARs will be settled for cash.
F9Restricted 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.