SEC Form 4 · accession 0001209191-17-056409
Forestar Group Inc. · FOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard M Smith
Director
Period of report
Oct 5, 2017
Accepted (ET)
Oct 10, 2017 · 3:41 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 StockF1,F2 | Oct 5, 2017 | D | 81,258 | — | D | 0 | 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 UnitsF2,F3 | — | Oct 5, 2017 | D | 28,621 | D | — | — | Common Stock | 28,621 | 0 | D |
Explanation of responses
- F1Represents Forestar Group Inc. (the "Issuer") restricted share units. These restricted share units would otherwise have been settled in Issuer common stock ("Common Stock"), on a one-for-one basis, upon the Reporting Person's retirement.
- F2Upon the closing of the merger (the "Merger") pursuant to the Agreement and Plan of Merger, dated as of June 29, 2017, by and among D.R. Horton, Inc., Force Merger Sub, Inc. and Issuer, each outstanding Issuer restricted share unit was cancelled and converted into the right to receive an amount of cash equal to a cash payment of $17.75 per share.
- F3These restricted share units would otherwise have been settled for the cash value of a share of Common Stock, on a one-for-one basis, following the Reporting Person's retirement. These restricted share units were vested on the date of grant.