SEC Form 4 · accession 0001217398-15-000001
FOREST CITY ENTERPRISES INC · FCEA/FCEB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joan K Shafran
10% Owner
Period of report
Mar 17, 2015
Accepted (ET)
Mar 18, 2015 · 4:58 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000038067
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF4 | Mar 17, 2015 | C | 225,157 | $0.00 | A | 249,302 | I | See footnote |
| Class A Common StockF1 | holding | — | — | — | 4,462 | I | See footnote | |
| Class A Common StockF2 | holding | — | — | — | 4,462 | I | See footnote | |
| Class A Common StockF3 | holding | — | — | — | 77,285 | I | See footnote | |
| Class A Common StockF5 | holding | — | — | — | 37,156 | I | See footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class B Common - ConvertibleF4,F9,F10 | $0.00 | Mar 17, 2015 | C | 225,157 | D | Aug 8, 1988 | Aug 8, 1988 | Common Stock | 225,157 | 0 | I |
| Class B Common - ConvertibleF6,F9,F10 | $0.00 | holding | — | — | — | Aug 8, 1988 | Aug 8, 1988 | Common Stock | 900 | 900 | I |
| Class B Common - ConvertibleF7,F9,F10 | $0.00 | holding | — | — | — | Aug 8, 1988 | Aug 8, 1988 | Common Stock | 1,354,751 | 1,354,751 | I |
| Class B Common - ConvertibleF8,F9,F10 | $0.00 | holding | — | — | — | Aug 8, 1988 | Aug 8, 1988 | Common Stock | 13,500 | 13,500 | I |
Explanation of responses
- F1Faynne Shafran GST Trust - Joan Shafran and Joseph Shafran are Trustees, they have no beneficial interest.
- F10Immediate - stocks are convertible at any time, there is no fixed exercisable date or expiration date.
- F2Nathan Shafran GST Trust - Joan Shafran and Joseph Shafran are Trustees, they have no beneficial interest.
- F3Joan Shafran, Trustee - held in street account with Barclays.
- F4Held Indirect by The Berimore Company, Joan Shafran is a general partner along with siblings, Joseph Shafran and Paula Krulak. Transaction is a conversion from Class B Common stock to Class A Common stock. Shares are convertible on a 1-for-1 basis. No money was tendered.
- F5Joan Shfaran GRIT dated 8/01/2007. Joan Shafran recieves income from the shares but has no beneficial interest; Joan Shafran serves as a Trustee for the trust.
- F6Held Indirect - General Partner of RMS, Ltd.
- F7Held Indirect - by The Berimore Company as a limited partner of RMS, Ltd. Joan Shafran is a general partner of The Berimore Company along with siblings, Joseph Shafran and Paula Krulak.
- F8Held Indirect - Powell Partners.
- F9Stocks are convertible from Class B Common to Class A Common on a 1-for-1 basis.