SEC Form 4 · accession 0001225208-15-002610
RYLAND GROUP INC · RYL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gordon A Milne
Officer — Executive Vice President
Period of report
Jan 30, 2015
Accepted (ET)
Feb 2, 2015 · 5:29 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000085974
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 30, 2015 | M | 25,000 | $23.27 | A | 159,742 | D | |
| Common StockF1 | Jan 30, 2015 | S | 25,000 | $39.82 | D | 134,742 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F2 | $23.27 | Jan 30, 2015 | M | 25,000 | D | Mar 1, 2011 | Mar 1, 2015 | Common Stock | 25,000 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. The prices actually received ranged from $39.5500 to $40.0000. The reporting person will provide the issuer, any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
- F2The Stock Options vest in three equal installments on March 1, 2011, 2012 and 2013.