FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
|
|||||||||||||||||||
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
|
2. Issuer Name and Ticker or Trading Symbol
FOREST CITY ENTERPRISES INC [ FCEA/FCEB ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|
||||||||||||||||||||||||
3. Date of Earliest Transaction
(Month/Day/Year) 07/21/2003 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
|
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|
1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Class A Common Stock | 07/21/2003 | M | 2,500 | A | 9.583 | 22,823 | D | (1)(2)(3)(4) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
1996 Stock Option Grant (right to buy) | 9.583 | 07/21/2003 | M | 2,500 | 09/10/1998(5) | 09/10/2000 | Class A Common | 4,200 | $0(6) | 1,700 | D | (5)(10)(7)(8)(9) |
Explanation of Responses: |
1. Chief Executive Officer of Forest City Fiance Corporation, and Executive Vice President of Forest City Rental Properties Corporation (major subsidiaries of Forest City Enterprises, Inc.) |
2. Shares in personal brokerage account. |
3. Other Holdings - Class A Common Stock- Total number of shares - 37,500 - 2001 Restricted Stock Option Grant - 25% exercisable 4/23/03; 25% exercisable on 4/23/04; and 50% exercisable on 4/23/05 - Held directly. |
4. Other Holdings - Class A Common Stock - Total number of shares - 37,500 - 2003 Restricted Stock Option Grant - 25% exercisable 3/17/05; 25% exercisable on 3/17/06; and 50% exercisable on 3/17/07 - Held directly. |
5. 1996 Stock Option Grant - Exercise Price - $9.583 - 25% exercisable on 9/10/98, 25% exercisable on 9/10/99, 50% exercisable on 9/10/00 - Class A Common Stock - Held direct. |
6. Zero value inserted to satisfy program, column is normally left blank for this type of transaction. |
7. Other Grants - 1998 Stock Option Grant - Exercise Price - $19.00 - 25% exercisable on 3/18/00, 33% exercisable on 3/18/01, 42% exercisable on 3/18/02 - Class A Common Stock - Total number of shares - 11,700 - Held direct. |
8. Other Grants - 1999 Stock Option Grant - Exercise Price - $14.917 - 25% exercisable on 4/8/01, 25% exercisable on 4/8/02, 50% exercisable on 4/8/03 - Class A Common Stock - Total number of shares - 21,599 - Held direct. |
9. Other Grants - 2001 Stock Option Grant - Exercise Price - $28.533 - 25% exercisable on 3/8/03, 25% exercisable on 3/8/04, 50% exercisable on 3/8/05 - Class A Common Stock - Total numer of shares - 21,600 - Held direct. |
10. Other Grants - 2003 Stock Option Grant - Exercise Price - $31.00 - 25% exercisable 3/17/05; 25% exercisable on 3/17/06; and 50% exercisable on 3/17/07 - Class A Common Stock - Total number of shares - 21,600 - Held direct. |
Geralyn M. Presti. Attorney-in-Fact for Robert G. O'Brien | 07/23/2003 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |