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Forestar Group Inc. — Director's Dealing 2017
Feb 13, 2017
32005_dirs_2017-02-13_f520f934-54c6-4865-92ca-2dd37bb86c96.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: Grimm David M (Chief Administrative Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-02-09 | Common Stock | M | 5814 | $0.00 | Acquired | 66052 | Direct |
| 2017-02-09 | Common Stock | F | 1899 | $12.70 | Disposed | 64153 | Direct |
| 2017-02-11 | Common Stock | M | 1846 | $0.00 | Acquired | 65999 | Direct |
| 2017-02-11 | Common Stock | D | 1846 | $13.00 | Disposed | 64153 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-02-11 | Restricted Share Units | $ | M | 1846 | Disposed | Common Stock (1846) | Direct | |
| 2017-02-09 | Restricted Share Units | $ | M | 5814 | Disposed | Common Stock (5814) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1000 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Option (right to buy) | $28.85 | 2018-02-12 | Common Stock (22300) | 22300 | Direct |
| Option (right to buy) | $17.80 | 2020-02-09 | Common Stock (10757) | 10757 | Direct |
| Option (right to buy) | $18.59 | 2021-02-08 | Common Stock (20772) | 20772 | Direct |
| Option (right to buy) | $16.11 | 2022-02-14 | Common Stock (24142) | 24142 | Direct |
| Option (right to buy) | $18.70 | 2023-02-12 | Common Stock (24366) | 24366 | Direct |
| Option (right to buy) | $14.08 | 2025-02-10 | Common Stock (22971) | 22971 | Direct |
| Stock Appreciation Right | $17.80 | 2020-02-09 | Common Stock (12628) | 12628 | Direct |
| Market Stock Units | $ | 2017-02-11 | Common Stock (7360) | 7360 | Direct |
| Market Stock Units | $ | 2018-02-10 | Common Stock (23158) | 23158 | 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 02/12/2008 - Exercise price is $28.85: Options Exercisable 02/12/2009 - 5,575; Options Exercisable 02/12/2010 - 5,575; Options Exercisable 02/12/2011 - 5,575; Options Exercisable 02/12/2012 - 5,575.
F4: Vesting schedule for Options granted 02/09/2010 - Exercise price is $17.80: Options Exercisable 02/09/2011 - 2,689; Options Exercisable 02/09/2012 - 2,689; Options Exercisable 02/09/2013 - 2,689; and Options Exercisable 02/09/2014 - 2,690.
F5: Vesting schedule for Options granted 02/08/2011 - Exercise price is $18.59: Options Exercisable 02/08/2012 - 5,193; Options Exercisable 02/08/2013 - 5,193; Options Exercisable 02/08/2014 - 5,193; and Options Exercisable 02/08/2015 - 5,193.
F6: Vesting schedule for Options granted 02/14/2012 - Exercise price is $16.11: Options Exercisable 02/14/2013 - 6,035; Options Exercisable 02/14/2014 - 6,036; Options Exercisable 02/14/2015 - 6,035; and Options Exercisable 02/14/2016 - 6,036.
F7: Vesting schedule for Options granted 02/12/2013 - Exercise price is $18.70: Options Exercisable 02/12/2014 - 6,091; Options Exercisable 02/12/2015 - 6,092; Options Exercisable 02/12/2016 - 6,091; and Options Exercisable 02/12/2017 - 6,092.
F8: Vesting schedule for Options granted 02/10/2015 - Exercise price is $14.08: Options Exercisable 02/10/2016 - 5,742; Options Exercisable 02/10/2017 - 5,743; Options Exercisable 02/10/2018 - 5,743; and Options Exercisable 02/10/2019 - 5,743.
F9: Vesting schedule for Stock Appreciation Rights (SARs) granted 02/09/2010 - Exercise price is $17.80: SARs Exercisable 02/09/2011 - 3,157; SARs Exercisable 02/09/2012 - 3,157; SARs Exercisable 02/09/2013 - 3,157; and SARs Exercisable 02/09/2014 - 3,157. SARs will be settled for cash.
F10: Restricted share units granted on 02/11/2014 will vest as follows: 1,846 on 02/11/2015; 1,845 on 02/11/2016; 1,846 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: 5,814 on 02/09/2017; 5,814 on 02/09/2018; 5,814 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.