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Forestar Group Inc. Director's Dealing 2015

Nov 12, 2015

32005_dirs_2015-11-12_44febb45-95cb-4952-b693-393a1196e455.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: 2015-11-10

Reporting Person: DOUGHERTY MICHAEL E (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2015-11-10 Common Stock A 2019 $0.00 Acquired 56866 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Option (right to buy) $28.85 2018-02-12 Common Stock (20000) 20000 Direct
Restricted Share Units $ Common Stock () 32978 Direct

Footnotes

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

F2: Options Vesting Schedule for Options Granted 02/12/2008 - Exercise price is $28.85: Options Exercisable 02/12/2009 - 6,500; Options Exercisable 02/12/2010 - 6,500; Options Exercisable 02/12/2011 - 7,000.

F3: 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.