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Forestar Group Inc. — Director's Dealing 2010
Feb 3, 2010
32005_dirs_2010-02-03_e6b2c6a9-396f-4c20-a35b-01fbff9a2581.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Forestar Group Inc. (FOR)
CIK: 0001406587
Period of Report: 2010-02-02
Reporting Person: Portwood Charles J. (Sr. Vice President - Land Mgmt)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-02-02 | Common Stock | M | 700 | $18.84 | Acquired | 3694 | Direct |
| 2010-02-02 | Common Stock | D | 700 | $18.84 | Disposed | 2994 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-02-02 | Restricted Share Units | $ | M | 700 | Disposed | Common Stock (700) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 478 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Option (right to buy) | $15.02 | 2014-02-06 | Common Stock (266) | 266 | Direct |
| Option (right to buy) | $20.26 | 2015-02-04 | Common Stock (1250) | 1250 | Direct |
| Option (right to buy) | $27.06 | 2016-02-03 | Common Stock (1281) | 1281 | Direct |
| Option (right to buy) | $30.56 | 2017-02-02 | Common Stock (1708) | 1708 | Direct |
| Option (right to buy) | $28.85 | 2018-02-12 | Common Stock (6300) | 6300 | Direct |
| Stock Appreciation Right | $9.29 | 2019-02-12 | Common Stock (19036) | 19036 | Direct |
| Restricted Share Units | $ | Common Stock (8073) | 8073 | Direct |
Footnotes
F1: Restricted share units vested on 2/2/2010; payable in cash based on the fair market value on vesting date.
F2: In accordance with the Rights Agreement adopted by the Company on December 11, 2007, Preferred Stock Purchase Rights are deemed to be attached to the shares of Common Stock.
F3: Reporting Person acquired additional shares through on-going acquisitions under 401(k) plan. By trustee of the Temple-Inland Salaried Savings Plan according to the latest report of the Plan Administrator. (Note: Trustee uses unit accounting; therefore, share equivalents may fluctuate slightly from month to month.)
F4: Shares acquired in a pro rata distribution by Temple-Inland Inc. through a spin-off effective 12/28/2007.
F5: Options are fully vested and exercisable as of the date of this report.
F6: Options to acquire 833 shares are fully vested and exercisable as of the date of this report. Options to acquire 417 shares will vest and become exercisable on 2/4/2009.
F7: Options to acquire 427 shares became exercisable on 2/3/2008 and options to acquire 427 shares will vest and become exercisable on each of 2/3/2009 and 2/3/2010.
F8: Options to acquire 427 shares became exercisable on 2/2/2008 and options to acquire 427 shares will vest and become exercisable on each of 2/2/2009, 2010 and 2011.
F9: Options to acquire 1,575 shares will vest and become exercisable on each of 2/12/2009, 2010, 2011 and 2012.
F10: Vesting schedule for Stock Appreciation Rights (SARs) granted 02/10/2009 - Exercise price is $9.29: SARs Exercisable 02/10/2010 - 4,759; SARs Exercisable 02/10/2011 - 4,759; SARs Exercisable 02/10/2012 - 4,759; and SARs Exercisable 02/10/2013 - 4,759.
F11: Restricted share units will vest effective 2/2/2010, and will be payable in cash based on the fair market value on the vesting date.
F12: Restricted share units granted on 2/10/2009 will vest effective 2/10/2012. Restricted share units will be settled for cash based on the fair market value on the vesting date.