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Forestar Group Inc. — Director's Dealing 2010
Feb 11, 2010
32005_dirs_2010-02-11_69d7c1a0-e47a-41bc-81b4-e673da626735.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: 2010-02-09
Reporting Person: WEBER PHILLIP J (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-02-09 | Common Stock | A | 6461 | $0.00 | Acquired | 21132 | Direct |
| 2010-02-09 | Common Stock | A | 8427 | $0.00 | Acquired | 29559 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-02-09 | Option (right to buy) | $17.80 | A | 12806 | Acquired | 2020-02-09 | Common Stock (12806) | Direct |
| 2010-02-09 | Stock Appreciation Right | $17.80 | A | 15033 | Acquired | 2020-02-09 | Common Stock (15033) | Direct |
| 2010-02-09 | Restricted Share Units | $ | A | 7584 | Acquired | Common Stock (7584) | Direct |
Footnotes
F1: Restricted shares granted on 2/9/2010 will vest effective 2/9/2013. Restricted shares are subject to a 1% ROA performance criteria.
F2: Restricted shares granted on 2/9/2010 will vest as follows: 2,809 effective 2/9/2011; 2,809 effective 2/9/2012; 2,809 effective 2/9/2013.
F3: 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.
F4: Vesting schedule for Options granted 02/9/2010 - Exercise price is $17.80: Options Exercisable 02/9/2011 - 3,201; Options Exercisable 02/9/2012 - 3,202; Options Exercisable 02/9/2013 - 3,201; and Options Exercisable 02/9/2014 - 3,202.
F5: Vesting schedule for Stock Appreciation Rights (SARs) granted 02/9/2010 - Exercise price is $17.80: SARs Exercisable 02/9/2011 - 3,758; SARs Exercisable 02/9/2012 - 3,758; SARs Exercisable 02/9/2013 - 3,758; and SARs Exercisable 02/9/2014 - 3,759. SARs will be settled for cash.
F6: Restricted share units granted on 2/9/2010 will vest effective 2/9/2013. Restricted share units will be settled for cash based on the fair market value on vesting date subject to a 1% ROA performance criteria.