SEC Form 4 · accession 0001532989-18-000002
Forest City Realty Trust, Inc. · FCEA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles D Obert
Officer — Sr VP, Chief Acct Officer
Period of report
Feb 15, 2018
Accepted (ET)
Feb 20, 2018 · 10:37 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001647509
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF9,F5 | Feb 15, 2018 | M | 1,276 | $0.00 | A | 31,165 | D | |
| Class A Common StockF5 | Feb 15, 2018 | F | 455 | $22.34 | D | 30,710 | D | |
| Class A Common StockF1 | holding | — | — | — | 3,470 | D | ||
| Class A Common StockF2 | holding | — | — | — | 2,679 | D | ||
| Class A Common StockF3 | holding | — | — | — | 3,940 | D | ||
| Class A Common StockF4 | holding | — | — | — | 5,191 | D | ||
| Class A Common StockF6 | holding | — | — | — | 760 | I | 401k Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2015 Performance SharesF9 | $0.00 | Feb 15, 2018 | M | 1,276 | D | Dec 31, 2017 | Aug 8, 1988 | Class A Common | 3,357 | 0 | D |
| 2010 Stock Option Grant (right to buy)F7 | $15.89 | holding | — | — | — | Apr 14, 2012 | Apr 14, 2020 | Class A Common Stock | 4,000 | 0 | D |
| 2011 Stock Option Grant (right to buy)F8 | $17.72 | holding | — | — | — | Apr 13, 2013 | Apr 13, 2021 | Class A Common Stock | 4,000 | 0 | D |
| 2016 Performance SharesF10 | $0.00 | holding | — | — | — | Dec 31, 2018 | Aug 8, 1988 | Class A Common | 5,253 | 5,253 | D |
| 2017 Performance SharesF11 | $0.00 | holding | — | — | — | Dec 31, 2019 | Aug 8, 1988 | Class A Common | 5,191 | 5,191 | D |
Explanation of responses
- F12014 Restricted Stock Grant - 0% vest on 3/28/2015; 25% vest on 3/28/2016; 25% vest on 3/28/2017; and 50% vest on 3/28/2018.
- F10Performance Shares Award - granted 3/23/2016 - performance period is from January 1, 2016 to December 31, 2018. Awards will be available to the grantee at the end of the performance period provided that certain performance criteria are met. The actual number of shares earned could range from 0 to 200% of the number of Performance Shares granted. Fair market value on date of grant is $20.94 per share. There is no fixed expiration date.
- F11Performance Shares Award - granted 3/24/2017 - performance period is from January 1, 2017 to December 31, 2019. Awards will be available to the grantee at the end of the performance period provided that certain performance criteria are met. The actual number of shares earned could range from 0 to 200% of the number of Performance Shares granted. Fair market value on date of grant is $21.83 per share. There is no fixed expiration date.
- F22015 Restricted Stock Grant - 25% vest on 3/26/2016; 25% vest on 3/26/2017; and 50% vest on 3/26/2018.
- F32016 Restricted Stock Grant - 25% vest on 3/23/2017; 25% vest on 3/23/2018; and 50% vest on 3/23/2019.
- F42017 Restricted Stock Grant - 25% vest on 3/24/2018; 25% vest on 3/24/2019; and 50% vest on 3/24/2020.
- F5Shares are held by transfer agent in a direct registration account. The 2015 Performance Share Award vested on 2/15/2018, there was a total of 1,276 shares received, of those 455 shares were returned to the Company for taxes.
- F6FCE's 401k Plan account, shares are held indirect. Updated to reflect current holdings.
- F72010 Stock Option Grant - 25% exercisable 4/14/2012; 25% exercisable 4/14/2013; and 50% exercisable 4/14/2014.
- F82011 Stock Option Grant - 25% exercisable 4/13/2013; 25% exercisable 4/13/2014; and 50% exercisable 4/13/2015.
- F9Performance Shares Award - granted 3/26/2015 - performance period is from January 1, 2015 to December 31, 2017. Awards will be available to the grantee at the end of the performance period provided that certain performance criteria are met. The actual number of shares earned could range from 0 to 200% of the number of Performance Shares granted. Fair market value on date of grant is $24.62 per share. Shares vested and were approved by the Company's Compensation Committee on 2/15/2018, at 38% of the target shares resulting from the actual performance during the performance period.