SEC Form 4

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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* RATNER ALBERT B (Last) (First) (Middle) 50 PUBLIC SQUARE, SUITE 1100 (Street) CLEVELAND OH 44113 (City) (State) (Zip)	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) X Director X 10% Owner X Officer (give title below) Other (specify below) Co-Chairman of the Board
	3. Date of Earliest Transaction (Month/Day/Year) 07/10/2007
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

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	04/23/2007		G	V	50,000	A	$0	60,000	I	See footnote.(1)
Class A Common Stock	04/23/2007		G	V	50,000	D	$0	10,000	I	See footnote.(1)
Class A Common Stock								26,000	I	See footnote.(2)
Class A Common Stock	07/10/2007		S(11)		200,000	D	$61.5	1,064,514	I	See footnote(3)
Class A Common Stock								2,163.9584	I	401k Plan(4)
Class A Common Stock	04/17/2007		G	V	50,000	D	$0	227,046	I	See footnote(5)
Class A Common Stock	04/23/2007		G	V	50,000	D	$0	177,046	I	See footnote(5)
Class A Common Stock	06/13/2007		G	V	10,000	D	$0	167,046	I	See footnote(5)
Class A Common Stock	07/11/2007		S(11)		37,000	D	$61.5	130,046	I	See footnote(5)

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
Class B Common - Convertible	$0(10)							08/08/1988(10)	08/08/1988(10)	Common Stock	433,522		433,522	I	See footnote(6)
Class B Common - Convertible	$0(10)							08/08/1988(10)	08/08/1988(10)	Common Stock	1,000,000		1,000,000	I	See footnote(7)
Class B Common - Convertible	$0(10)							08/08/1988(10)	08/08/1988(10)	Common Stock	900		900	I	See footnote(8)
Class B Common - Convertible	$0(10)							08/08/1988(10)	08/08/1988(10)	Common Stock	6,713.599		6,713.599	I	See footnote(9)

Explanation of Responses:

1. Audrey G. Ratner, trustee, under declaration of Trust dated June 15, 1993.

2. Audrey G. Ratner - shares held in street account.

3. Held in the 1986 Remainder Interest Trust - Albert Ratner has no beneficial interest, he only retains an income interest for life. Benfeficiaries are his grandchildren. Trustees are Charles Ratner and James Ratner.

4. 401k Plan - Class A Common shares - change in value due to contributions and normal distributions over the course of the year.

5. Albert B. Ratner Revocable Trust dated 12/18/1987

6. FCE Mangement, L.P. (a limited partner of RMS, Ltd.) - held by Albert B. Ratner Revocable Trust dated 12/18/1987 a limited partner.

7. RMS, Ltd - held by Albert B. Ratner Revocable Trust dated 12/18/1987 a limited partner.

8. Held by spouse.

9. 401k Plan - Class B Common shares - change in value due to normal distributions over the course of the year.

10. Class B Common Stock is convertible to Class A Common Stock on a share -for -share basis; stock are convertible at any time - there is no fixed exercise date or expiration date. Class B Common shares are being moved to Table II since they are convertible at fixed price and thus treated as derivative securities.

11. Sale was made pusuant to the S-3ASR filed 6/22/2007 - Registration No. 333-143991

Remarks:

Gifts are voluntarily being reported early to reflect current account balances.

	Geralyn M. Presti, Attorney-In-Fact for Albert B. Ratner	07/12/2007
	** 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).
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