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Forestar Group Inc. Director's Dealing 2013

Feb 15, 2013

32005_dirs_2013-02-15_ba28219d-1c4f-4ffb-86c6-94eabea50010.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: 2013-02-14

Reporting Person: Portwood Charles J. (Sr. Vice President - Land Mgmt)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2013-02-14 Common Stock M 1589 $0.00 Acquired 21460 Direct
2013-02-14 Common Stock D 1589 $0.00 Disposed 19871 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2013-02-14 Restricted Share Units $ M 1589 Disposed Common Stock (1589) Direct

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
Option (right to buy) $17.80 2020-02-09 Common Stock (3586) 3586 Direct
Option (right to buy) $18.59 2021-02-08 Common Stock (5935) 5935 Direct
Option (right to buy) $16.11 2022-02-14 Common Stock (9388) 9388 Direct
Option (right to buy) $18.70 2023-02-12 Common Stock (8528) 8528 Direct
Stock Appreciation Right $9.29 2019-02-12 Common Stock (19036) 19036 Direct
Stock Appreciation Right $17.80 2020-02-09 Common Stock (4209) 4209 Direct
Restricted Share Units $ Common Stock (1076) 1076 Direct
Restricted Share Units $ Common Stock (2564) 2564 Direct

Footnotes

F1: Restricted stock units vested 2/14/2013. Restricted stock units are being settled for cash based on the fair market value on 2/14/2013.

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: Shares acquired in a pro rata distribution by Temple-Inland Inc. through a spin-off effective 12/28/2007.

F4: Options are fully vested and exercisable as of the date of this report.

F5: 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.

F6: 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.

F7: 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.

F8: Options to acquire 1,575 shares will vest and become exercisable on each of 2/12/2009, 2010, 2011 and 2012.

F9: Vesting schedule for Options granted 02/9/2010 - Exercise price is $17.80: Options Exercisable 02/9/2011 - 896; Options Exercisable 02/9/2012 - 897; Options Exercisable 02/9/2013 - 896; and Options Exercisable 02/9/2014 - 897.

F10: Vesting schedule for Options granted 02/8/2011 - Exercise price is $18.59: Options Exercisable 02/8/2012 - 1,483; Options Exercisable 02/8/2013 - 1,484; Options Exercisable 02/8/2014 - 1,484; and Options Exercisable 02/8/2015 - 1,484.

F11: Vesting schedule for Options granted 02/14/2012 - Exercise price is $16.11: Options Exercisable 02/14/2013 - 2,347; Options Exercisable 02/14/2014 - 2,347; Options Exercisable 02/14/2015 - 2,347; and Options Exercisable 02/14/2016 - 2,347.

F12: Vesting schedule for Options granted 02/12/2013 - Exercise price is $18.70: Options Exercisable 02/12/2014 - 2,132; Options Exercisable 02/12/2015 - 2,132; Options Exercisable 02/12/2016 - 2,132; and Options Exercisable 02/12/2017 - 2,132.

F13: 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.

F14: Vesting schedule for Stock Appreciation Rights (SARs) granted 02/9/2010 - Exercise price is $17.80: SARs Exercisable 02/9/2011 - 1,052; SARs Exercisable 02/9/2012 - 1,052; SARs Exercisable 02/9/2013 - 1,052; and SARs Exercisable 02/9/2014 - 1,053. SARs will be settled for cash.

F15: Restricted share units granted on 2/8/2011 will vest as follows: 1,076 on 2/8/2012; 1,076 on 2/8/2013; 1,076 on 2/8/2014. Restricted share units will be settled for cash based on the fair market value on vesting date.

F16: Restricted share units granted on 2/14/2012 will vest as follows: 1,589 on 2/14/2013; 1,588 on 2/14/2014; 1,588 on 2/14/2015. Restricted share units will be settled for cash based on the fair market value on vesting date.

F17: Restricted share units granted on 02/12/2013 will vest as follows: 855 on 02/12/2014; 854 on 02/12/2015; 855 on 02/12/2016. Restricted share units will be settled for cash based on the fair market value on vesting date.