SEC Form 4 · accession 0001225208-15-003054
RYLAND GROUP INC · RYL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert J Cunnion III
Officer — Senior Vice President
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 | 10,000 | $16.52 | A | 101,274 | D | |
| Common StockF1,F2 | Feb 4, 2015 | S | 10,000 | $42.4622 | D | 91,274 | 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 | $16.52 | Feb 4, 2015 | M | 10,000 | D | Mar 1, 2012 | Mar 1, 2016 | Common Stock | 10,000 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. The prices actually received ranged from $42.4300 to $42.5600. 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 5,753 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, 2012, 2013 and 2014.