SEC Form 4
| FORM 4 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
| 2. Issuer Name and Ticker or Trading Symbol Forest City Realty Trust, Inc. [ FCEA/FCEB ] | 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
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| 3. Date of Earliest Transaction (Month/Day/Year) 04/08/2017 | ||||||||||||||||||||||||||
| 4. If Amendment, Date of Original Filed (Month/Day/Year) | 6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Class A Common Stock | 71,581 | I | See footnote(1) | |||||||
| Class A Common Stock | 04/08/2017 | F | 11,579 | D | $22.26 | 0 | D(2) | |||
| Class A Common Stock | 11,345 | D(3) | ||||||||
| Class A Common Stock | 16,301 | D(4) | ||||||||
| Class A Common Stock | 10,745 | D(5) | ||||||||
| Class A Common Stock | 12,537 | I | See footnote(7) | |||||||
| Class A Common Stock | 12,553 | I | See footnote(8) | |||||||
| Class A Common Stock | 12,553 | I | See footnote(9) | |||||||
| Class A Common Stock | 232,257 | D(10) | ||||||||
| Class A Common Stock | 13,353 | D(6) | ||||||||
| Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| 2008 Stock Option Grant (right to buy) | $36.38 | 06/18/2010(11) | 06/18/2018 | Class A Common | 28,059 | 28,059 | D(11) | ||||||||
| 2009 Stock Option Grant (right to buy) | $7.8 | 04/21/2011(12) | 04/21/2019 | Class A Common | 7,011 | 7,011 | D(12) | ||||||||
| 2010 Stock Option Grant (right to buy) | $15.89 | 04/14/2012(13) | 04/14/2020 | Class A Common | 26,893 | 26,893 | D(13) | ||||||||
| 2011 Stock Option Grant (right to buy) | $17.72 | 04/13/2013(14) | 04/13/2021 | Class A Common | 38,547 | 38,547 | D(14) | ||||||||
| 2012 Stock Option Grant (right to buy) | $14.74 | 04/11/2014(15) | 04/11/2022 | Class A Common | 39,694 | 39,694 | D(15) | ||||||||
| 2013 Stock Option Grant (right to buy) | $17.6 | 04/08/2015(16) | 04/08/2023 | Class A Common | 33,422 | 33,422 | D(16) | ||||||||
| 2014 Stock Option Grant (right to buy) | $18.73 | 03/28/2016(17) | 03/28/2024 | Class A Common | 31,620 | 31,620 | D(17) | ||||||||
| 2014 Performance Shares | $0 | 12/31/2017 | 08/08/1988(18) | Class A Common | 19,576 | 19,576 | D(18) | ||||||||
| 2015 Performance Shares | $0 | 12/31/2017 | 08/08/1988(19) | Class A Common | 15,339 | 15,339 | D(19) | ||||||||
| 2016 Performance Shares | $0 | 12/31/2018 | 08/08/1988(20) | Class A Common | 21,489 | 21,489 | D(20) | ||||||||
| 2017 Performance Shares | $0 | 12/31/2019 | 08/08/1988 | Class A Common | 20,029 | 20,029 | D(21) | ||||||||
| 2015 Out Performance Shares | $0 | 12/31/2017 | 08/08/1988(22) | Class A Common | 40,000 | 40,000 | D(22) | ||||||||
| Explanation of Responses: |
| 1. Robert G. O'Brien Trust - account with Schwab . |
| 2. 2013 Restricted Stock Grant - 25% vest on 4/08/2015; 25% vest on 4/08/2016; and 50% vest on 4/08/2017. |
| 3. 2014 Restricted Stock Grant - 0% vest on 3/28/2015; 25% vest on 3/28/2016; 25% vest on 3/28/2017; and 50% vest on 3/28/2018. |
| 4. 2015 Restricted Stock Grant - 25% vest on 3/26/2016; 25% vest on 3/26/2017; and 50% vest on 3/26/2018. |
| 5. 2016 Restricted Stock Grant - 25% vest on 3/23/2017; 25% vest on 3/23/2018; and 50% vest on 3/23/2019. |
| 6. 2017 Restricted Stock Grant - 25% vest on 3/24/2018; 25% vest on 3/24/2019; and 50% vest on 3/24/2020. |
| 7. Shares held by Robert L. O'Brien, son - Indirect |
| 8. Shares held by Kathleen G. O'Brien, daughter - Indirect |
| 9. Shares held by Sara F. O'Brien, daughter - Indirect |
| 10. Shares are held by Robert & Ann (wife) O'Brien in a street account at Commonwealth. 24,148 restricted shares vested on 4/08/2017, of those 11,579 shares were returned to the Company to cover taxes, the balance of the shares were moved to this account. |
| 11. 2008 Stock Option Grant - 25% exercisable 6/18/2010; 25% exercisable 6/18/2011; and 50% exercisable 6/18/2012. |
| 12. 2009 Stock Option Grant - 25% exercisable 4/21/2011; 25% exercisable 4/21/2012; and 50% exercisable 4/21/2013. |
| 13. 2010 Stock Option Grant - 25% exercisable 4/14/2012; 25% exercisable 4/14/2013; and 50% exercisable 4/14/2014. |
| 14. 2011 Stock Option Grant - 25% exercisable 4/13/2013; 25% exercisable 4/13/2014; and 50% exercisable 4/13/2015. |
| 15. 2012 Stock Option Grant - 25% exercisable 4/11/2014; 25% exercisable 4/11/2015; and 50% exercisable 4/11/2016. |
| 16. 2013 Stock Option Grant - 25% exercisable 4/08/2015; 25% exercisable 4/08/2016; and 50% exercisable 4/08/2017. |
| 17. 2014 Stock Option Grant - 0% exercisable 3/28/2015; 25% exercisable 3/28/2016; 25% exercisable 3/28/2017; and 50% exercisable 3/28/2018. |
| 18. Performance Shares Award - granted 3/28/2014 - performance period is from January 1, 2014 to December 31, 2017. Awards will be available to the grantee at the end of the performance period provided that certain performance criteria are met. The actual number of shares earned could range from 0 to 200% of the number of Performance Shares granted. Fair market value on date of grant is $18.73 per share. There is no fixed expiration date. |
| 19. Performance Shares Award - granted 3/26/2015 - performance period is from January 1, 2015 to December 31, 2017. Awards will be available to the grantee at the end of the performance period provided that certain performance criteria are met. The actual number of shares earned could range from 0 to 200% of the number of Performance Shares granted. Fair market value on date of grant is $24.62 per share. There is no fixed expiration date. |
| 20. Performance Shares Award - granted 3/23/2016 - performance period is from January 1, 2016 to December 31, 2018. Awards will be available to the grantee at the end of the performance period provided that certain performance criteria are met. The actual number of shares earned could range from 0 to 200% of the number of Performance Shares granted. Fair market value on date of grant is $20.94 per share. There is no fixed expiration date. |
| 21. Performance Shares Award - granted 3/24/2017 - performance period is from January 1, 2017 to December 31, 2019. Awards will be available to the grantee at the end of the performance period provided that certain performance criteria are met. The actual number of shares earned could range from 0 to 200% of the number of Performance Shares granted. Fair market value on date of grant is $21.83 per share. There is no fixed expiration date. |
| 22. Out Performance Shares Award - granted 3/27/2015 - performance period is from January 1, 2015 to December 31, 2017. Awards will vest 50% on December 31, 2017 and 50% on December 31, 2018 and will be available to the grantee provided that certain performance criteria are met. The actual number of shares earned could range from 0 to 300% of the number of Performance Shares granted. Fair market value on date of grant is $25.31 per share. There is no fixed expiration date. |
| Remarks: |
| Original filing erroneously did not show the vested shares moving to the street account; the filing was amended to correct total number of unvested shares and the correct number of shares held in the street account. Footnotes to the original filing explaining the vestings and account movements were correct. |
| J. Matthew Shady, Attorney-In-Fact for Robert G. O'Brien | 04/11/2017 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||