SEC Form 4 · accession 0001209191-17-031441
Forestar Group Inc. · FOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Powers Jr.
Director
Period of report
May 9, 2017
Accepted (ET)
May 11, 2017 · 11:23 am 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 StockF1 | May 9, 2017 | A | 1,489 | $0.00 | A | 75,791 | D | |
| Common StockF1,F2 | May 9, 2017 | M | 1,448 | $0.00 | A | 77,239 | 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 UnitsF5 | — | May 9, 2017 | M | 1,448 | D | — | — | Common Stock | 1,448 | 2,896 | D |
| Option (right to buy)F3 | $28.85 | holding | — | — | — | Feb 12, 2009 | Feb 12, 2018 | Common Stock | 20,000 | 20,000 | D |
| Restricted Share UnitsF4 | — | holding | — | — | — | — | — | Common Stock | — | 34,279 | D |
Explanation of responses
- F1Restricted share units accrued under a Company plan to be settled following Reporting Person's retirement.
- F2Restricted share units vested 05/09/2017.
- F3Vesting schedule for Options granted 02/12/2008 - Exercise price is $28.85: Options Exercisable 02/12/2009 - 6,500; Options Exercisable 02/12/2010 - 6,500; and Options Exercisable 02/12/2011 - 7,000.
- F4Restricted 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.
- F5Restricted share units granted on 02/14/2017 will vest as follows: 1,447 on 02/14/2017; 1,448 on 05/09/2017; 1,448 on 08/08/2017; 1,448 on 11/14/2017. Restricted share units will be settled with stock.