SEC FORM 4

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

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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^*

SMITH THOMAS G

(Last)

(First)

(Middle)

50 PUBLIC SQUARE, SUITE 1100

(Street)

CLEVELAND

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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Financial Off, Exec VP

3. Date of Earliest Transaction (Month/Day/Year)
04/18/2005

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	04/18/2005		S		100	D	$62.49	700	D
Class A Common Stock	04/18/2005		S		400	D	$62.5	300	D
Class A Common Stock	04/18/2005		S		200	D	$62.7	100	D
Class A Common Stock	04/18/2005		S		100	D	$62.75	0	D
Class A Common Stock								800⁽¹⁾	D
Class A Common Stock								237.58	I	401(k) Plan⁽²⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Class B Common - Convertible	$0⁽⁴⁾							08/08/1988⁽⁵⁾	08/08/1988⁽⁵⁾	Common Stock	773		773	I	401k⁽³⁾
1999 Stock Option Grant	$14.917							04/07/2001⁽⁶⁾	04/07/2009	Class A Common Stock	3,403		3,403	D⁽⁶⁾
2001 Stock Option Grant	$28.5833							03/08/2003⁽⁷⁾	03/08/2011	Class A Common Stock	16,200		16,200	D⁽⁷⁾
2003 Stock Option Grant	$31							03/17/2005⁽⁸⁾	03/17/2013	Class A Common Stock	21,600		21,600	D⁽⁸⁾
2005 Stock Option Grant (right to buy)	$63.5⁽⁹⁾							04/06/2007⁽⁹⁾	04/06/2015	Class A Common	12,600		12,600	D⁽⁹⁾

Explanation of Responses:

1. Held directly in Mr. Smith's name with an account at McDonald Investments.

2. Class A Common Stock - 401k Plan Holdings

3. Class B Common Stock - 401(k) Plan Holdings.

4. Stocks are convertible from Class B to Class A on a 1-for-1 basis.

5. Immediate - stocks are convertible at any time, there is no fixed exercisable date or expiration date.

6. 1999 Stock Option Grant - 25% exercisable 4/07/2001; 25% exercisable 4/07/2002; and 50% exercisable 4/07/2003. The number of shares is being corrected, exercise of 4/07/2003 was taken from the 1998 Stock Option Grant.

7. 2001 Stock Option Grant - 25% exercisable 3/8/03; 25% exercisable 3/8/2004; and 50% exercisable 3/8/2005.

8. 2003 Stock Option Grant - 25% exercisable 3/17/2005; 25% exercisable 3/17/2006; and 50% exercisable 3/17/2007.

9. 2005 Stock Option Grant - 25% exercisable 4/06/2007; 25% exercisable 4/06/2008; and 50% exersicable 4/06/2009. Correcting exercise price.

Remarks:

	Geralyn M. Presti Attorney-In-Fact for Thomas G. Smith	04/20/2005
	** 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.