SEC Form 4 · accession 0001225208-15-006576

RYLAND GROUP INC · RYL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — CEO & President · Director

Period of report

Mar 1, 2015

Accepted (ET)

Mar 3, 2015 · 5:14 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
Common Stock^F1	Mar 1, 2015	M	46,667	$0.00	A	485,122	D
Common Stock^F1	Mar 1, 2015	M	10,890	$0.00	A	496,012	D
Common Stock^F1	Mar 1, 2015	M	10,732	$0.00	A	506,744	D
Common Stock^F2	Mar 1, 2015	D	37,731	$45.50	D	469,013	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F1,F3	—	Mar 1, 2015	M	46,667	D	Mar 1, 2013	Mar 1, 2019	Common Stock	46,667	0	D
Restricted Stock Units^F1,F3	—	Mar 1, 2015	M	10,890	D	Mar 1, 2014	Mar 1, 2020	Common Stock	10,890	10,890	D
Restricted Stock Units^F1,F3,F4	—	Mar 1, 2015	M	10,732	D	Mar 1, 2015	—	Common Stock	10,732	21,464	D
Restricted Stock Units^F1,F5	—	Mar 1, 2015	A	39,560	A	Mar 1, 2016	Mar 1, 2022	Common Stock	39,560	39,560	D

F1Each restricted stock unit represents a contingent right to receive one share of issurer's common stock and/or the cash value thereof.
F2Includes 575 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 restricted stock units vest in three equal installments from the date appearing on the form.
F4The Restricted Stock Units vest in three equal installments on March 1, 2015, 2016 and 2017.
F5The Restricted Stock Units vest in three equal installments on March 1, 2016, 2017 and 2018.