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Forestar Group Inc. — Director's Dealing 2012
Feb 10, 2012
32005_dirs_2012-02-10_a00e0d8a-9bba-4fd1-ae11-37714363e5c0.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: 2012-02-08
Reporting Person: Smith Flavious J. Jr. (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-02-08 | Common Stock | M | 2062 | $0.00 | Acquired | 44335 | Direct |
| 2012-02-08 | Common Stock | D | 2062 | $0.00 | Disposed | 42273 | Direct |
| 2012-02-09 | Common Stock | F | 1946 | $16.75 | Disposed | 40327 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2012-02-08 | Restricted Share Units | $ | M | 2062 | Disposed | Common Stock (2062) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Option (right to buy) | $17.80 | 2020-02-09 | Common Stock (12806) | 12806 | Direct |
| Option (right to buy) | $18.59 | 2021-02-08 | Common Stock (24728) | 24728 | Direct |
| Stock Appreciation Right | $9.29 | 2019-02-10 | Common Stock (3569) | 10708 | Direct |
| Stock Appreciation Right | $17.80 | 2020-02-09 | Common Stock (15033) | 15033 | Direct |
| Restricted Share Units | $ | Common Stock (6055) | 6055 | Direct | |
| Restricted Share Units | $ | Common Stock (7584) | 7584 | Direct | |
| Performance Units | $ | 2014-02-08 | Common Stock (11721) | 11721 | Direct |
Footnotes
F1: Restricted stock units vested 2/8/2012. Restricted stock units are being settled for cash based on the fair market value on 2/8/2012.
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: 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.
F4: Vesting schedule for Options granted 02/8/2011 - Exercise price is $18.59: Options Exercisable 02/8/2012 - 6,182; Options Exercisable 02/8/2013 - 6,182; Options Exercisable 02/8/2014 - 6,182; and Options Exercisable 02/8/2015 - 6,182.
F5: Vesting schedule for Stock Appreciation Rights (SARs) granted 02/10/2009 - Exercise price is $9.29: SARs Exercisable 02/10/2010 - 3,569; SARs Exercisable 02/10/2011 - 3,569; SARs Exercisable 02/10/2012 - 3,569; and SARs Exercisable 02/10/2013 - 3,570. SARs will be settled for cash.
F6: 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.
F7: 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 subject to a 1% ROA performance criteria.
F8: 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.
F9: Restricted share units granted on 2/8/2011 will vest as follows: 2,062 on 2/8/2012; 2,062 on 2/8/2013; 2,062 on 2/8/2014. Restricted share units will be settled for cash based on the fair market value on vesting date.
F10: Number of units received upon vesting will vary depending upon performance of Company stock over the performance period.