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 |
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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)
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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)
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3. Date of Earliest Transaction
(Month/Day/Year) 09/14/2009 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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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 | 354 | I | See footnote(1) | |||||||
Class A Common Stock | 203,465 | D(2) | ||||||||
Class A Common Stock | 58,864 | D(3) | ||||||||
Class A Common Stock | 1,692 | I | See footnote(4) | |||||||
Class A Common Stock | 10,812 | I | See footnote(5) | |||||||
Class A Common Stock | 12,264 | I | See footnote(6) | |||||||
Class A Common Stock | 222,473 | I | See footnote(7) | |||||||
Class A Common | 61,220 | I | See footnote(8) | |||||||
Class A Common Stock | 09/14/2009 | S | 784 | D | $11.53 | 24,200 | D(9) | |||
Class A Common Stock | 09/14/2009 | S | 1,700 | D | $11.54 | 22,500 | D(9) | |||
Class A Common Stock | 09/14/2009 | S | 300 | D | $11.55 | 22,200 | D(9) | |||
Class A Common Stock | 09/14/2009 | S | 39 | D | $11.56 | 22,161 | D(9) | |||
Class A Common Stock | 09/14/2009 | S | 100 | D | $11.57 | 22,061 | D(9) | |||
Class A Common Stock | 09/14/2009 | S | 1,100 | D | $11.58 | 20,961 | D(9) | |||
Class A Common Stock | 09/14/2009 | S | 2,515 | D | $11.59 | 18,446 | D(9) | |||
Class A Common Stock | 09/14/2009 | S | 2,691 | D | $11.6 | 15,755 | D(9) | |||
Class A Common Stock | 09/14/2009 | S | 785 | D | $11.61 | 14,970 | D(9) | |||
Class A Common Stock | 09/14/2009 | S | 3,700 | D | $11.62 | 11,270 | D(9) | |||
Class A Common Stock | 09/14/2009 | S | 1,814 | D | $11.63 | 9,456 | D(9) | |||
Class A Common Stock | 09/14/2009 | S | 438 | D | $11.64 | 9,018 | D(9) | |||
Class A Common Stock | 09/14/2009 | S | 1,147 | D | $11.65 | 7,871 | D(9) | |||
Class A Common Stock | 09/14/2009 | S | 876 | D | $11.66 | 6,995 | D(9) | |||
Class A Common Stock | 09/14/2009 | S | 1,000 | D | $11.67 | 5,995 | D(9) | |||
Class A Common Stock | 09/14/2009 | S | 995 | D | $11.68 | 5,000 | D(9) | |||
Class A Common Stock | 13,269 | I | See footnote(10) | |||||||
Class A Common Stock | 1,263 | I | See footnote(11) | |||||||
Class A Common | 48,000 | I | See footnote(12) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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(16) | 08/08/1988(17) | 08/08/1988(17) | Common Stock | 900 | 900 | I | See footnote(13) | |||||||
Class B Common - Convertible | $0(16) | 08/08/1988(17) | 08/08/1988(17) | Common Stock | 2,579,008 | 2,579,008 | I | See footnote(14) | |||||||
Class B Common - Convertible | $0(16) | 08/08/1988(17) | 08/08/1988(17) | Common Stock | 13,500 | 13,500 | I | See foot note(15) |
Explanation of Responses: |
1. Held Indirect - by Powell Partners of which Mr. Shafran is a general partner. |
2. Shares are held in an account with First Merit. |
3. Shares are held in an account with JP Morgan - Chase. |
4. Held by spouse Marla Shafran |
5. Faynne Shafran GST Trust - Joan Shafran and Joseph Shafran are Trustees, they have no beneficial interest. Change in share bvalue due to a regular distribution to the beneficiary. |
6. Nathan Shafran GST Trust - Joan Shafran and Joseph Shafran are Trustees, they have no beneficial interest. Change in share bvalue due to a regular distribution to the beneficiary. |
7. The Joseph Shafran Trust, Spouse is Trustee, his children are the benficiaries. |
8. Held Indirect by The Berimore Company (a general partnership). Jospeh Shafran is a general partner along with his sisters, Joan Shafran and Paula Krulak. Partnership distributed 50,000 shares to Joseph Shafran. |
9. Shares are held in a street account with Stifle Nicolaus brokerage firm. |
10. Joseph Shafran Family TR (Joseph Shafran, trustee). |
11. Joseph Shafran Irr TR (Joan K. Shafran, trustee). |
12. Paran Equities, LLC - shares are held at Stifle Nicolaus. Mr. Shafran retains beneficial interest. |
13. Held as General Partner of RMS, Ltd. |
14. Held Indirect - Held by The Berimore Company as a limited partner of RMS, Ltd. |
15. Held Indirect - Powell Partners of which Mr. Shafran is a general partner. |
16. Stocks are convertible from Class B Common to Class A Common on a 1-for-1 basis. |
17. Immediate - stocks are convertible at any time, there is no fixed exercisable date or expiration date. |
Remarks: |
Filing 2 of 2 - reporting remaining 19,984 shares sold on 9/14/2009; total of all sales was 45,000. |
Geralyn M. Presti, Attorney-In-Fact for Joseph M. Shafran | 09/16/2009 | |
** 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. |