0001127602-11-008668.txt : 20110303 0001127602-11-008668.hdr.sgml : 20110303 20110303150042 ACCESSION NUMBER: 0001127602-11-008668 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110301 FILED AS OF DATE: 20110303 DATE AS OF CHANGE: 20110303 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: RYLAND GROUP INC CENTRAL INDEX KEY: 0000085974 STANDARD INDUSTRIAL CLASSIFICATION: OPERATIVE BUILDERS [1531] IRS NUMBER: 520849948 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 24025 PARK SORRENTO STREET 2: SUITE 400 CITY: CALABASAS STATE: CA ZIP: 91302 BUSINESS PHONE: 8182237500 FORMER COMPANY: FORMER CONFORMED NAME: RYAN JAMES P CO DATE OF NAME CHANGE: 19720414 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: MILNE GORDON A CENTRAL INDEX KEY: 0001214358 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-08029 FILM NUMBER: 11659826 MAIL ADDRESS: STREET 1: 6020 MACADAM COURT CITY: AGOURA HILLS STATE: CA ZIP: 91301 4 1 form4.xml PRIMARY DOCUMENT X0303 4 2011-03-01 0000085974 RYLAND GROUP INC RYL 0001214358 MILNE GORDON A 24025 PARK SORRENTO, SUITE 400 CALABASAS CA 91302 1 Executive Vice President Common Stock 2011-03-01 4 M 0 11666 0 A 79299 D Common Stock 2011-03-01 4 D 0 5833 16.52 D 73466 D Common Stock 2011-03-01 4 M 0 16667 0 A 90133 D Common Stock 2011-03-01 4 D 0 8334 16.52 D 81799 D Restricted Stock Units 2011-03-01 4 M 0 11666 0 D 2010-03-01 2014-03-01 Common Stock 11666 11667 D Restricted Stock Units 2011-03-01 4 M 0 16667 0 D 2011-03-01 2015-03-01 Common Stock 16667 33333 D Restricted Stock Units 2011-03-01 4 A 0 50000 0 A 2012-03-01 2016-03-01 Common Stock 50000 50000 D Stock Options (Right to Buy) 16.52 2011-03-01 4 A 0 50000 16.52 A 2012-03-01 2016-03-01 Common Stock 50000 50000 D Each restricted stock unit represents a contingent right to receive one share of TRG's common stock and/or the cash value thereof. The restricted stock units vest in three equal installments beginning on March 1, 2010. When the restricted stock units vest they will be delivered to the Reporting Person 50% in common stock and 50% in a cash amount equal to the fair market value of one share of the issuer's common stock per unit. The restricted stock units vest in three equal installments beginning on March 1, 2011. When the restricted stock units vest they will be delivered to the Reporting Person 50% in common stock and 50% in a cash amount equal to the fair market value of one share of the issuer's common stock per unit. The restricted stock options vest in three equal installments beginning on March 1, 2012. When the restricted stock options vest they will be delivered to the Reporting Person 50% in common stock and 50% in a cash amount equal to the fair market value of one share of the issuer's common stock per unit. The stock options vest in three equal installments on March 1, 2012, 2013, and 2014. Each restricted stock unit was the economic equivalent of one share of TRG common stock. The Reporting Person received half of his/her shares of restricted stock for cash and half for shares of TRG common stock. /s/ Sheri L. Markham, Attorney-In-Fact for Gordon A. Milne 2011-03-03