SEC Form 4 · accession 0001225208-15-003053
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 4, 2015
Accepted (ET)
Feb 5, 2015 · 2:49 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 4, 2015 | M | 15,000 | $23.27 | A | 463,456 | D | |
| Common StockF1 | Feb 4, 2015 | S | 15,000 | $41.75 | 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)F2 | $23.27 | Feb 4, 2015 | M | 15,000 | D | Mar 1, 2011 | Mar 1, 2015 | Common Stock | 15,000 | 0 | D |
Explanation of responses
- F1Includes 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.
- F2The Stock Options vest in three equal installments on March 1, 2011, 2012 and 2013.