SEC Form 4 · accession 0001225208-15-002658
RYLAND GROUP INC · RYL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Larry T Nicholson
Officer — CEO & President · Director
Period of report
Feb 2, 2015
Accepted (ET)
Feb 2, 2015 · 7:34 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 | Feb 2, 2015 | M | 20,000 | $23.27 | A | 468,456 | D | |
| Common StockF1,F2 | Feb 2, 2015 | S | 20,000 | $41.048 | D | 448,456 | 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)F3 | $23.27 | Feb 2, 2015 | M | 20,000 | D | Mar 1, 2011 | Mar 1, 2015 | Common Stock | 20,000 | 35,000 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. The prices actually received ranged from $41.0367 to $41.1400. 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.
- F2Includes 576 shares held by the Ryland Retirement Savings Opportunity Plan and allocated to the account of the Reporting Person pursuant to the conversion of shares of Series A ESOP Convertible Preferred Shares held by the Plan as required by Section 409(1)(3) of the Internal Revenue Code.
- F3The Stock Options vest in three equal installments on March 1, 2011, 2012 and 2013.