-----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, BF8hUNfuUeDdILZnvKOWlLKMLot623r9dxZK2PP4FJYkj0D5TTfttNM1iDKpqVkr LpN1AHd76rkMMcSZ6/WFjQ== 0001213950-08-000030.txt : 20080505 0001213950-08-000030.hdr.sgml : 20080505 20080505115407 ACCESSION NUMBER: 0001213950-08-000030 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080501 FILED AS OF DATE: 20080505 DATE AS OF CHANGE: 20080505 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: CUNNION ROBERT J III CENTRAL INDEX KEY: 0001214360 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-08029 FILM NUMBER: 08801373 BUSINESS ADDRESS: BUSINESS PHONE: 8182237500 MAIL ADDRESS: STREET 1: 24637 BLUE DANE LANE CITY: MALIBU STATE: CA ZIP: 90265 4 1 doc.xml PRIMARY DOCUMENT X0202 4 2008-05-01 0000085974 RYLAND GROUP INC RYL 0001214360 CUNNION ROBERT J III 24025 PARK SORRENTO, SUITE 400 CALABASAS CA 91302 0 1 0 0 Senior Vice President Common Stock 2008-05-01 4 M 0 3667 0 A 54906 D Common Stock 2008-05-01 4 M 0 3666 0 A 58572 D Common Stock 2008-05-01 4 D 0 1834 33.14 D 56738 D Common Stock 2008-05-01 4 D 0 1833 33.14 D 54905 D Restricted Stock Units 2008-05-01 4 A 0 22000 0 A 2009-05-01 2011-05-01 Common Stock 22000 22000 D Restricted Stock Units 2008-05-01 4 M 0 3667 0 D 2006-05-01 2008-05-01 Common Stock 3667 0 D Restricted Stock Units 2008-05-01 4 M 0 3666 0 D 2007-05-01 2009-05-01 Common Stock 3666 3667 D The restricted stock units vest in three equal installments beginning on May 1, 2009. 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 annual installments beginning on May 1, 2006. Vested stock units prevously were to be delivered to the Reporting Person 100% in common stock. The amendment provides for delivery of 50% of vested stock units in common stock and the remaining 50% of vested stock units in a cash amount equal to the fair market value of one share of the issuer's common stock per unit. Includes 5,740 shares held by the Ryland Retirement Savings Opportunity Plan and allocated to the account of the Reporting Person pursuant to the conversion of shares of Series A ESOP Convertible Preferred Shares held by the Plan as required by Section 409(1)(3) of the Internal Revenue Code. 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. Each restricted stock unit represents a contingent right to receive one share of TRG's common stock and/or the cash value thereof. Sheri L. Markham, Attorney-In-Fact for Robert J. Cunnion 2008-05-05 -----END PRIVACY-ENHANCED MESSAGE-----