-----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, PFkquqTxDBMth7bKQO3VbIajDGX////wlqZ9j78reVMQ5ZXEdWmbhoNxtKiHbj5A VIVbgtQMPI0HlqzcWG8bWQ== 0001213950-08-000036.txt : 20080505 0001213950-08-000036.hdr.sgml : 20080505 20080505115540 ACCESSION NUMBER: 0001213950-08-000036 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080501 FILED AS OF DATE: 20080505 DATE AS OF CHANGE: 20080505 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SCHREINER DANIEL G CENTRAL INDEX KEY: 0001214702 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-08029 FILM NUMBER: 08801385 BUSINESS ADDRESS: STREET 1: 2345 MORENO DRIVE CITY: LOS ANGELES STATE: CA ZIP: 90039 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 4 1 doc.xml PRIMARY DOCUMENT X0202 4 2008-05-01 0000085974 RYLAND GROUP INC RYL 0001214702 SCHREINER DANIEL G 24025 PARK SORRENTO, SUITE 400 CALABASAS CA 91302 0 1 0 0 Senior Vice President Common Stock 2008-05-01 4 M 0 3666 0 A 42588.0478 D Common Stock 2008-05-01 4 M 0 3667 0 A 46255.0478 D Common Stock 2008-05-01 4 D 0 1833 33.14 D 44422.0478 D Common Stock 2008-05-01 4 D 0 1834 33.14 D 42588.0478 D Restricted Stock Units 2008-05-01 4 A 0 28000 0 A 2009-05-01 2011-05-01 Common Stock 28000 28000 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. 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 Daniel G. Schreiner 2008-05-05 -----END PRIVACY-ENHANCED MESSAGE-----