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) 04/13/2011 | ||||||||||||||||||||||||||
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 | 936,539 | I | See footnote(1) | |||||||
Class A Common Stock | 231,646 | I | See footnote(2) | |||||||
Class A Common Stock | 4,696 | I | See footnote(3) | |||||||
Class A Common Stock | 28,408 | I | See footnote(4) | |||||||
Class A Common Stock | 4,531 | D(5) | ||||||||
Class A Common Stock | 04/13/2011 | A | 5,079 | A | $0 | 5,079 | D(6) |
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(20) | 08/08/1988(20) | 08/08/1988(20) | Common Stock | 900 | 900 | I | See footnote(7) | |||||||
Class B Common - Convertible | $0(20) | 08/08/1988(20) | 08/08/1988(20) | Common Stock | 784 | 784 | D | ||||||||
Class B Common - Convertible | $0(20) | 08/08/1988(20) | 08/08/1988(20) | Common Stock | 728,401 | 728,401 | I | See footnote(8) | |||||||
Class B Common - Convertible | $0(20) | 08/08/1988(20) | 08/08/1988(20) | Common Stock | 715,860 | 715,860 | I | See footnote(9) | |||||||
Class B Common - Convertible | $0(20) | 08/08/1988(20) | 08/08/1988(20) | Common Stock | 468,444 | 468,444 | I | See footnote(10) | |||||||
2003 Stock Option Grant (right to buy) | $15.5 | 03/17/2005(11) | 03/17/2013 | Class A Common | 27,000 | 27,000 | D(11) | ||||||||
2005 Stock Option Grant (right to buy) | $31.75 | 04/06/2007(12) | 04/06/2015 | Class A Common | 25,200 | 25,200 | D(12) | ||||||||
2006 Stock Option Grant (right to buy) | $46.37 | 04/04/2008(13) | 04/04/2016 | Class A Common | 25,200 | 25,200 | D(13) | ||||||||
2007 Stock Option Grant (right to buy) | $65.35 | 03/29/2009 | 03/29/2017 | Class A Common | 25,200 | 25,200 | D(14) | ||||||||
2008 Stock Option Grant (right to buy) | $36.38 | 06/18/2010(15) | 06/18/2018 | Class A Common | 17,721 | 17,721 | D(15) | ||||||||
2009 Stock Option Grant (right to buy) | $7.8 | 04/21/2011(16) | 04/21/2019 | Class A Common | 21,797 | 21,797 | D(16) | ||||||||
2010 Stock Option Grant (right to buy) | $15.89 | 04/14/2012(17) | 04/14/2020 | Class A Common | 36,635 | 36,635 | D(17) | ||||||||
2011 Stock Option Grant (right to buy) | $17.72 | 04/13/2011 | A | 24,103 | 04/13/2013(18) | 04/13/2021 | Class A Common | 24,103 | $0 | 24,103 | D(18) | ||||
2008 Performance Shares | $0 | 01/31/2012 | 08/08/1988(19) | Class A Common Stock | 19,791 | 19,791 | D(19) |
Explanation of Responses: |
1. The Ronald Ratner 1986 Trust Agreement, as modified (Ronald is Trustee). The price $13.9947 represents a weighed average of sales prices ranging from $13.81 per share to $14.17 per share. Full information regarding the number of shares sold at each separate price will be provided to the SEC, the issuer or a security holder of the issuer upon request. |
2. Deborah Ratner Trust - individually trust of spouse, shares held in account at McDonald Investments. The price $13.9947 represents a weighed average of sales prices ranging from $13.81 per share to $14.17 per share. Full information regarding the number of shares sold at each separate price will be provided to the SEC, the issuer or a security holder of the issuer upon request. |
3. Deborah B. Ratner, Trustee of the Irene Meldon 1998 Irrevocable dated 12/04/1998 - 2,348 shares for benefit of Matthew (son), and 2,348 shares for benefit of Sarah (daughter) - Ronald Ratner disclaims any beneficial interest. |
4. Max Ratner Grandchildren's Trust dated 12/21/1988 - 18,939 sharesfor the benefit of Sarah (daughter) and 9,469 shares for Matthew (son), Ron Ratner serves as a trust advisor. Ronald Ratner disclaims any beneficial interest. |
5. 2010 Restricted Stock Grant - 25% vest on 4/14/2012; 25% vest on 4/14/2013; and 50% vest on 4/14/2014. |
6. 2011 Restricted Stock Grant - 25% vest on 4/13/2013; 25% vest on 4/13/2014; and 50% vest on 4/13/2015. |
7. General Partnership interest in RMS, Ltd. partnership a 10% sharelholder. |
8. The Ronald Ratner 1986 Trust Agreement, as modified (Ronald is Trustee); these shares are held by FCE Management, LP as a limited partner of RMS, Ltd. (limited partnership). |
9. Max Ratner Grandchildren's Trust dated 12/21/1988 - 370,350 shares for the benefit of Sarah (daughter) and 345,510 for the benefit of Matthew (son) RMS, Ltd. - limited partnership interest. Ron Ratner serves as a trust advisor. Ronald Ratner disclaims any beneficial interest. |
10. Max Ratner Family 1999 Revocable Trust - 278,540 shares for the benefit of Sarah Ratner (daughter) and 189,904 shares for the benefit of Matthew (son). Ron Ratner serves as a trust advisor. Ronald Ratner disclaims any beneficial interest. |
11. 2003 Stock Option Grant - 25% exercisable 3/17/05; 25% exercisable 3/17/06; and 50% exercisable 3/17/07. |
12. 2005 Stock Option Grant - 25% exercisable 4/06/2007; 25% exercisable 4/06/2008; and 50% exersicable 4/06/2009. |
13. 2006 Stock Option Grant - 25% exercisable 4/04/2008; 25% exercisable 4/04/2009; and 50% exersicable 4/04/2010. |
14. 2007 Stock Option Grant - 25% exercisable 3/29/2009; 25% exercisable 3/29/2010; and 50% exercisable 3/29/2011. |
15. 2008 Stock Option Grant - 25% exercisable 6/18/2010; 25% exercisable 6/18/2011; and 50% exercisable 6/18/2012. |
16. 2009 Stock Option Grant - 25% exercisable 4/21/2011; 25% exercisable 4/21/2012; and 50% exercisable 4/21/2013. |
17. 2010 Stock Option Grant - 25% exercisable 4/14/2012; 25% exercisable 4/14/2013; and 50% exercisable 4/14/2014. |
18. 2011 Stock Option Grant - 25% exercisable 4/13/2013; 25% exercisable 4/13/2014; and 50% exercisable 4/13/2015. |
19. Performance Shares Award - granted 6/18/2008 - performance period is from May 1, 2008 to January 31, 2012. Awards will be available to the grantee at the end of the performance period provided that certain performance criteria are met. The actual number of shares earned could range from 0 to 175% of the number of Performance Shares granted. Fair market value on date of grant is $36.38 per share. There is no fixed expirationdate. |
20. 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. |
Remarks: |
Geralyn M. Presti, Attorney-in-Fact for Ronald A. Ratner | 04/15/2011 | |
** 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. |