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Forestar Group Inc. — Director's Dealing 2016
Feb 16, 2016
32005_dirs_2016-02-16_47c6badb-7df6-4029-9822-396fcd28cfed.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: 2016-02-11
Reporting Person: Dickson Bruce Fairchild (Chief Real Estate Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-02-11 | Common Stock | M | 2922 | $0.00 | Acquired | 28883 | Direct |
| 2016-02-11 | Common Stock | D | 2922 | $8.40 | Disposed | 25961 | Direct |
| 2016-02-12 | Common Stock | M | 2601 | $0.00 | Acquired | 28562 | Direct |
| 2016-02-12 | Common Stock | D | 2601 | $8.60 | Disposed | 25961 | Direct |
| 2016-02-12 | Common Stock | M | 7618 | — | Acquired | 33579 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-02-12 | Restricted Share Units | $ | M | 2601 | Disposed | Common Stock (2601) | Direct | |
| 2016-02-11 | Restricted Share Units | $ | M | 2922 | Disposed | Common Stock (2922) | Direct | |
| 2016-02-12 | Market Stock Units | $ | M | 14227 | Disposed | 2016-02-12 | Common Stock (14227) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Option (right to buy) | $16.11 | 2022-02-14 | Common Stock (34871) | 34871 | Direct |
| Option (right to buy) | $18.70 | 2023-02-12 | Common Stock (29240) | 29240 | Direct |
| Option (right to buy) | $14.08 | 2025-02-10 | Common Stock (27565) | 27565 | Direct |
| Market Stock Units | $ | 2017-02-11 | Common Stock (9567) | 9567 | Direct |
| Market Stock Units | $ | 2018-02-10 | Common Stock (27789) | 27789 | Direct |
Footnotes
F1: Restricted stock units vested 02/11/2016. Restricted stock units are being settled for cash based on the fair market value on 02/11/2016.
F2: Restricted stock units vested 02/12/2016. Restricted stock units are being settled for cash based on the fair market value on 02/12/2016.
F3: Represents vesting of previously reported Market Stock Units.
F4: Vesting schedule for Options granted 02/14/2012 - Exercise price is $16.11: Options Exercisable 02/14/2013 - 8,717; Options Exercisable 02/14/2014 - 8,718; Options Exercisable 02/14/2015 - 8,718; and Options Exercisable 02/14/2016 - 8,718.
F5: Vesting schedule for Options granted 02/12/2013 - Exercise price is $18.70: Options Exercisable 02/12/2014 - 7,310; Options Exercisable 02/12/2015 - 7,310; Options Exercisable 02/12/2016 - 7,310; and Options Exercisable 02/12/2017 - 7,310.
F6: Vesting schedule for Options granted 02/10/2015 - Exercise price is $14.08: Options Exercisable 02/10/2016 - 6,891; Options Exercisable 02/10/2017 - 6,891; Options Exercisable 02/10/2018 - 6,891; and Options Exercisable 02/10/2019 - 6,892.
F7: Restricted share units granted on 02/12/2013 will vest as follows: 2,602 on 02/12/2014; 2,601 on 02/12/2015; 2,601 on 02/12/2016. Restricted share units will be settled for cash based on the fair market value on vesting date.
F8: Restricted share units granted on 02/11/2014 will vest as follows: 2,923 on 02/11/2015; 2,922 on 02/11/2016; 2,923 on 02/11/2017. Restricted share units will be settled for cash based on the fair market value on vesting date.
F9: Number of units received upon vesting will vary depending upon performance of Company stock over the performance period.