SEC Form 4 · accession 0001225208-15-003583
RYLAND GROUP INC · RYL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David L Fristoe
Officer — Senior Vice President
Period of report
Feb 10, 2015
Accepted (ET)
Feb 11, 2015 · 5:03 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 10, 2015 | M | 10,000 | $16.52 | A | 53,569 | D | |
| Common Stock | Feb 10, 2015 | M | 6,667 | $18.22 | A | 60,236 | D | |
| Common Stock | Feb 10, 2015 | S | 6,667 | $44.00 | D | 53,569 | D | |
| Common StockF1 | Feb 10, 2015 | S | 10,000 | $44.00 | D | 43,569 | 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 | $16.52 | Feb 10, 2015 | M | 10,000 | D | Mar 1, 2012 | Mar 1, 2016 | Common Stock | 10,000 | 0 | D |
| Stock Options (Right to Buy)F3 | $18.22 | Feb 10, 2015 | M | 6,667 | D | Mar 1, 2013 | Mar 1, 2019 | Common Stock | 6,667 | 3,333 | D |
Explanation of responses
- F1Includes 1,951 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, 2012, 2013 and 2014.
- F3The Stock Options vest in three equal installments on March 1, 2013, 2014 and 2015.