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Forestar Group Inc. Director's Dealing 2016

May 11, 2016

32005_dirs_2016-05-11_f604b064-a1d6-442a-807b-bde5da8a5193.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: 2016-05-10

Reporting Person: Powers William JR (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2016-05-10 Common Stock A 1629 $0.00 Acquired 67728 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 () 34279 Direct

Footnotes

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

F2: 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; and 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.