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^*

MILLER ABRAHAM

(Last)

(First)

(Middle)

3111 CARNEGIE

(Street)

CLEVELAND

44115

(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	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2007

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)
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	05/15/2007		S⁽¹⁵⁾		1,000	D	$67.42	239,540	I	See footnote⁽¹⁾
Class A Common Stock	05/15/2007		S⁽¹⁵⁾		4,300	D	$67.46	235,240	I	See footnote⁽¹⁾
Class A Common Stock	05/15/2007		S⁽¹⁵⁾		2,200	D	$67.5	233,040	I	See footnote⁽¹⁾
Class A Common Stock	05/15/2007		S⁽¹⁵⁾		500	D	$67.51	232,540	I	See footnote⁽¹⁾
Class A Common Stock								43,294	I	See footnote⁽²⁾
Class A Common Stock								4,192	I	See footnote⁽³⁾
Class A Common Stock								27,134	I	See footnote⁽⁴⁾
Class A Common Stock								27,134	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)
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⁽¹⁴⁾							08/08/1988⁽¹⁴⁾	08/08/1988⁽¹⁴⁾	Common Stock	900		900	I	See footnote⁽⁶⁾
Class B Common - Convertible	$0⁽¹⁴⁾							08/08/1988⁽¹⁴⁾	08/08/1988⁽¹⁴⁾	Common Stock	209,250		209,250	I	See footnote⁽⁷⁾
Class B Common - Convertible	$0⁽¹⁴⁾							08/08/1988⁽¹⁴⁾	08/08/1988⁽¹⁴⁾	Common Stock	332,726		332,726	I	See footnote⁽⁸⁾
Class B Common - Convertible	$0⁽¹⁴⁾							08/08/1988⁽¹⁴⁾	08/08/1988⁽¹⁴⁾	Common Stock	13,701		13,701	I	See footnote⁽⁹⁾
Class B Common - Convertible	$0⁽¹⁴⁾							08/08/1988⁽¹⁴⁾	08/08/1988⁽¹⁴⁾	Common Stock	13,701		13,701	I	See footnote⁽¹⁰⁾
Class B Common - Convertible	$0⁽¹⁴⁾							08/08/1988⁽¹⁴⁾	08/08/1988⁽¹⁴⁾	Common Stock	108,987		108,987	I	See footnote⁽¹¹⁾
Class B Common - Convertible	$0⁽¹⁴⁾							08/08/1988⁽¹⁴⁾	08/08/1988⁽¹⁴⁾	Common Stock	108,987		108,987	I	See footnote⁽¹²⁾
Class B Common - Convertible	$0⁽¹⁴⁾							08/08/1988⁽¹⁴⁾	08/08/1988⁽¹⁴⁾	Common Stock	27,552		27,552	I	See footnote⁽¹³⁾

Explanation of Responses:

1. Abraham Miller Trust Agreement dated 11/29/1985, Abraham Miller as Beneficiary - Albert Ratner and Charles Ratner are trustees.

2. Ruth Miller Chairitable Lead Trust dated 7/5/1985 - Abraham Miller is Trustee and Beneficiary.

3. Ruth Miller GST Trust - for the benefit of Abraham Miller.

4. Mr. Miller is Trustee of Ruth Miller 1989 Shareholder's Trust for the benefit of Jacob Miller. Abraham Miller disclaims any beneficial ownership interest.

5. Mr. Miller is Trustee of Ruth Miller 1989 Shareholder's Trust for the benefit of Max Miller. Abraham Miller disclaims any beneficial ownership interest.

6. General Partner of RMS, Ltd., (limited partnership).

7. Limited Partners of RMS, Ltd. (limited partnership).

8. Abraham Miller Trust Agreement dated 11/29/1985, limited partner in RMS, Ltd.- Albert Ratner and Charles Ratner are trustees.

9. By Jacob Miller as a limited partner in RMS, Ltd. Abraham Miller disclaims any beneficial ownership interest.

10. By Max Miller as a limited partner in RMS, Ltd. Abraham Miller disclaims any beneficial ownership interest.

11. Mr. Miller as Trustee U/A Ruth Miller 1989 Shareholder's for the benefit of Jacob Miller. Abraham Miller disclaims any beneficial ownership interest.

12. Mr. Miller as Trustee U/A Ruth Miller 1989 Shareholder's for the benefit of Max Miller. Abraham Miller disclaims any beneficial ownership interest.

13. Ruth Miller GST Trust - limited partner in RMS, Ltd.

14. 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.

15. Sales in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on January 23, 2007.

Remarks:

	Geralyn M. Presti, Attorney-In-Fact for Abraham Miller	05/15/2007
	** 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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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