-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JIjQNjIhT0k9oIKa1Gx8O7pVcr3j34BtNPngVeALLK583cF5zpu+dYwls9dTlqD5 QX3R9E2Zw9cbh+8q8MxTtw== 0001213950-06-000044.txt : 20060502 0001213950-06-000044.hdr.sgml : 20060502 20060502175944 ACCESSION NUMBER: 0001213950-06-000044 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060501 FILED AS OF DATE: 20060502 DATE AS OF CHANGE: 20060502 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: LOWE CATHEY S CENTRAL INDEX KEY: 0001214700 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-08029 FILM NUMBER: 06800875 BUSINESS ADDRESS: STREET 1: 23211 CUESTPORT DRIVE CITY: VALENCIA STATE: CA ZIP: 91354 4 1 doc.xml PRIMARY DOCUMENT X0202 4 2006-05-01 0000085974 RYLAND GROUP INC RYL 0001214700 LOWE CATHEY S 24025 PARK SORRENTO, SUITE 400 CALABASAS CA 91302 0 1 0 0 Senior Vice President Common Stock 2006-05-01 4 M 0 3667 0 A 11667 D Common Stock 2006-05-01 4 D 0 1834 62.43 D 9833 D Restricted Stock Units 2006-05-01 4 A 0 11000 0 A 2007-05-01 2009-05-01 Common Stock 11000 11000 D Restricted Stock Units 2006-05-01 4 M 0 3667 0 D 2006-05-01 2008-05-01 Common Stock 3667 7333 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 annual installments beginning on May 1, 2007. 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 TRG's common stock per unit. 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. The restricted stock units vest in three equal annual installments beginning on May 1, 2006. 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. Sheri L. Markham, Attorney-In-Fact for Cathey S. Lowe 2006-05-02 -----END PRIVACY-ENHANCED MESSAGE-----