-----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, Jzya+o0Nhdgzg6rmfRoMY01d8DoIAVGs+YEJGuyWxQwLhC+v1c2tyHXJJmdcsv/Y DislQH9Nh+4XLedxBtQG1w== 0001213950-06-000054.txt : 20060502 0001213950-06-000054.hdr.sgml : 20060502 20060502180407 ACCESSION NUMBER: 0001213950-06-000054 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: SCOTT KIPLING W CENTRAL INDEX KEY: 0001215518 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-08029 FILM NUMBER: 06800910 MAIL ADDRESS: STREET 1: 21606 NORTH OLD BARRINGTON ROAD CITY: BARRINGTON STATE: IL ZIP: 60010 4 1 doc.xml PRIMARY DOCUMENT X0202 4 2006-05-01 0000085974 RYLAND GROUP INC RYL 0001215518 SCOTT KIPLING W 24025 PARK SORRENTO, SUITE 400 CALABASAS CA 91302 0 1 0 0 Executive Vice President Common Stock 2006-05-01 4 M 0 6000 0 A 75186.28 D Common Stock 2006-05-01 4 D 0 3000 62.43 D 72186.28 D Restricted Stock Units 2006-05-01 4 A 0 18000 0 A 2007-05-01 2009-05-01 Common Stock 18000 18000 D Restricted Stock Units 2006-05-01 4 M 0 6000 0 D 2006-05-01 2008-05-01 Common Stock 6000 12000 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. Includes 2,402 shares held by the Ryland Retirement Savings Opportunity Plan and allocated to the account of the Reporting Person pursuant to the conversion of Series A ESOP Convertible Preferred Shares held by the Plan as required by Section 409(1)(3) of the Internal Revenue Code. 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 Kipling W. Scott 2006-05-02 -----END PRIVACY-ENHANCED MESSAGE-----