Forestar Group Inc. — Director's Dealing 2017

Oct 10, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Forestar Group Inc. (FOR)
CIK: 0001406587
Period of Report: 2017-10-05

Reporting Person: Smith Richard M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-10-05	Common Stock	D	81258	—	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-10-05	Restricted Share Units	$	D	28621	Disposed		Common Stock (28621)	Direct

Footnotes

F1: Represents Forestar Group Inc. (the "Issuer") restricted share units. These restricted share units would otherwise have been settled in Issuer common stock ("Common Stock"), on a one-for-one basis, upon the Reporting Person's retirement.

F2: Upon the closing of the merger (the "Merger") pursuant to the Agreement and Plan of Merger, dated as of June 29, 2017, by and among D.R. Horton, Inc., Force Merger Sub, Inc. and Issuer, each outstanding Issuer restricted share unit was cancelled and converted into the right to receive an amount of cash equal to a cash payment of $17.75 per share.

F3: These restricted share units would otherwise have been settled for the cash value of a share of Common Stock, on a one-for-one basis, following the Reporting Person's retirement. These restricted share units were vested on the date of grant.