Forestar Group Inc. — Director's Dealing 2015

Aug 20, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Forestar Group Inc. (FOR)
CIK: 0001406587
Period of Report: 2015-08-19

Reporting Person: JOHNSON JAMES A /DC/ (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-08-19	Common Stock	M	1333	$12.88	Acquired	64434	Direct
2015-08-19	Common Stock	M	1333	$12.88	Acquired	65767	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-08-19	Option (right to buy)	$5.98	M	1333	Disposed	2016-01-02	Common Stock (1333)	Direct
2015-08-19	Option (right to buy)	$7.08	M	1333	Disposed	2017-01-02	Common Stock (1333)	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 ()	35024	Direct

Footnotes

F1: Options Vesting Schedule - Exercise price is $5.98: Options Exercisable 01/02/2005 - 1,333.

F2: Shares acquired in a pro rata distribution by Temple-Inland Inc. through a spin-off on or around December 28, 2007.

F3: Options Vesting Schedule - Exercise price is $7.08: Options Exercisable 01/02/2006 - 1,333.

F4: 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.

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.