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Forestar Group Inc. — Director's Dealing 2017
Feb 13, 2017
32005_dirs_2017-02-13_090be600-4405-458e-beca-48033a565c1c.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: 2017-02-09
Reporting Person: WEBER PHILLIP J (Director, Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-02-09 | Common Stock | M | 13566 | $0.00 | Acquired | 61343 | Direct |
| 2017-02-09 | Common Stock | F | 3933 | $12.70 | Disposed | 57410 | Direct |
| 2017-02-11 | Common Stock | M | 2000 | $0.00 | Acquired | 59410 | Direct |
| 2017-02-11 | Common Stock | D | 2000 | $13.00 | Disposed | 57410 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-02-11 | Restricted Share Units | $ | M | 2000 | Disposed | Common Stock (2000) | Direct | |
| 2017-02-09 | Restricted Share Units | $ | M | 13566 | Disposed | Common Stock (13566) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Option (right to buy) | $17.80 | 2020-02-09 | Common Stock (9604) | 3202 | Direct |
| Option (right to buy) | $18.59 | 2021-02-08 | Common Stock (12364) | 12364 | Direct |
| Option (right to buy) | $16.11 | 2022-02-14 | Common Stock (7376) | 22130 | 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 (25268) | 25268 | Direct |
| Option (right to buy) | $13.43 | 2025-09-25 | Common Stock (90000) | 90000 | Direct |
| Stock Appreciation Right | $17.80 | 2020-02-09 | Common Stock (11274) | 3759 | Direct |
| Market Stock Units | $ | 2017-02-11 | Common Stock (9126) | 9126 | Direct |
| Market Stock Units | $ | 2018-02-10 | Common Stock (25474) | 25474 | Direct |
Footnotes
F1: Restricted share units vested 02/09/2017. Restricted stock units are being settled in stock.
F2: Restricted share units vested 02/11/2017. Restricted stock units are being settled for cash based on the fair market value on 02/11/2017.
F3: Vesting schedule for Options granted 02/09/2010 - Exercise price is $17.80: Options Exercisable 02/09/2011 - 3,201; Options Exercisable 02/09/2012 - 3,202; Options Exercisable 02/09/2013 - 3,201; and Options Exercisable 02/09/2014 - 3,202.
F4: Vesting schedule for Options granted 02/08/2011 - Exercise price is $18.59: Options Exercisable 02/08/2012 - 6,182; Options Exercisable 02/08/2013 - 6,182; Options Exercisable 02/08/2014 - 6,182; and Options Exercisable 02/08/2015 - 6,182.
F5: Vesting schedule for Options granted 02/14/2012 - Exercise price is $16.11: Options Exercisable 02/14/2013 - 7,376; Options Exercisable 02/14/2014 - 7,377; Options Exercisable 02/14/2015 - 7,376; and Options Exercisable 02/14/2016 - 7,377.
F6: 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.
F7: Vesting schedule for Options granted 02/10/2015 - Exercise price is $14.08: Options Exercisable 02/10/2016 - 6,317; Options Exercisable 02/10/2017 - 6,317; Options Exercisable 02/10/2018 - 6,317; and Options Exercisable 02/10/2019 - 6,317.
F8: Vesting schedule for Options granted 09/25/2015 - Exercise price is $13.43, however, options will not be exercisable unless stock price exceeds $17.50 per share: Options Exercisable 09/25/2016 - 30,000; Options Exercisable 09/25/2017 - 30,000; and Options Exercisable 09/25/2018 - 30,000.
F9: Vesting schedule for Stock Appreciation Rights (SARs) granted 02/09/2010 - Exercise price is $17.80: SARs Exercisable 02/09/2011 - 3,758; SARs Exercisable 02/09/2012 - 3,758; SARs Exercisable 02/09/2013 - 3,758; and SARs Exercisable 02/09/2014 - 3,759. SARs will be settled for cash.
F10: Restricted share units granted on 02/11/2014 will vest as follows: 2,000 on 02/11/2015; 1,999 on 02/11/2016; 2,000 on 02/11/2017. Restricted share units will be settled for cash based on the fair market value on vesting date.
F11: Restricted share units granted on 02/09/2016 will vest as follows: 13,566 on 02/09/2017; 13,566 on 02/09/2018; 13,566 on 02/09/2019. Restricted share units will be settled with stock.
F12: Number of shares to be received upon vesting will vary depending upon performance of Company stock over the performance period.