Forestar Group Inc. — Director's Dealing 2012

Feb 15, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Forestar Group Inc. (FOR)
CIK: 0001406587
Period of Report: 2012-02-14

Reporting Person: Thomason Carl A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-14	Common Stock	A	6672	$0.00	Acquired	6672	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-14	Option (right to buy)	$16.11	A	20000	Acquired	2022-02-14	Common Stock (20000)	Direct

Footnotes

F1: Restricted stock units accrued under a Company Plan to be settled following Reporting Person's retirement.

F2: Vesting schedule for Options granted 02/14/2012. Exercise price is $16.11 Options Exercisable 02/14/2013 6,500; Options Exercisable 02/14/2014 -6,500; and Options Exercisable 02/14/2015 7,000.