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Forestar Group Inc. Director's Dealing 2015

Nov 20, 2015

32005_dirs_2015-11-20_6e737a5f-1fe0-4128-8cff-633aadc6dbed.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: 2015-11-19

Reporting Person: Smith Richard M (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2015-11-19 Common Stock A 170 $0.00 Acquired 54587 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Option (right to buy) $20.99 2016-11-03 Common Stock (6666) 6666 Direct
Option (right to buy) $28.85 2018-02-12 Common Stock (20000) 20000 Direct
Restricted Share Units $ Common Stock () 28621 Direct

Footnotes

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

F2: Options Vesting Schedule - Exercise price of $20.99: Options Exercisable 11/03/2007 - 2,666; Options Exercisable 11/03/2008 - 2,666; Options Exercisable 11/03/2009 - 1,333.

F3: Shares acquired in a pro rata distribution by Temple-Inland Inc. through a spin-off effective December 28, 2007.

F4: Options Vesting Schedule for Options Granted 02/12/2008 - Exercise price is $28.85: Options Exerciserable 02/12/2009 - 6,500; Options Exerciserable 02/12/2010 - 6,500; Options Exerciserable 02/12/2011 - 7,000.

F5: Restricted share units accrued under a Company plan to be settled in cash following Reporting Person's retirement. Restricted share units are vested on the date of grant and have the economic equivalent of one share of common stock.