4//SEC Filing
RYLAND GROUP INC 4
Accession 0000899243-15-005675
CIK 0000085974operating
Filed
Sep 30, 8:00 PM ET
Accepted
Oct 1, 1:42 PM ET
Size
28.9 KB
Accession
0000899243-15-005675
Insider Transaction Report
Form 4
GECKLE TIMOTHY J
Senior Vice President
Transactions
- Disposition to Issuer
Common Stock, par value $1.00 per share
2015-10-01−131,099→ 0 total - Exercise/Conversion
Common Stock, par value $1.00 per share
2015-10-01+3,820→ 114,745 total - Exercise/Conversion
Restricted Stock Units
2015-10-01−7,473→ 0 total→ Common Stock, par value $1.00 per share (7,473 underlying) - Award
Common Stock, par value $1.00 per share
2015-10-01+11,233→ 158,697 total - Exercise/Conversion
Common Stock, par value $1.00 per share
2015-10-01+7,473→ 122,218 total - Exercise/Conversion
Common Stock, par value $1.00 per share
2015-10-01+2,176→ 110,925 total - Award
Common Stock, par value $1.00 per share
2015-10-01+12,189→ 147,464 total - Award
Common Stock, par value $1.00 per share
2015-10-01+13,057→ 135,275 total - Exercise/Conversion
Restricted Stock Units
2015-10-01−3,820→ 0 total→ Common Stock, par value $1.00 per share (3,820 underlying) - Tax Payment
Common Stock, par value $1.00 per share
2015-10-01$40.83/sh−27,598$1,126,826→ 131,099 total - Exercise/Conversion
Restricted Stock Units
2015-10-01−2,176→ 0 total→ Common Stock, par value $1.00 per share (2,176 underlying) - Disposition to Issuer
Stock Option (right to buy)
2015-10-01−10,000→ 0 totalExercise: $16.52From: 2012-03-01Exp: 2016-03-01→ Common Stock, par value $1.00 per share (10,000 underlying)
Footnotes (5)
- [F1]Each restricted stock unit represents a contingent right to receive one share of issuer's common stock and/or the cash value thereof. The restricted stock units vested pursuant to the Amended and Restated Agreement and Plan of Merger by and between The Ryland Group, Inc. and Standard Pacific Corp. dated as of June 14, 2015 (the "merger agreement"). Pursuant to the merger agreement, The Ryland Group, Inc. merged with and into Standard Pacific Corp., with Standard Pacific Corp. continuing as the surviving corporation under the name CalAtlantic Group, Inc. Immediately prior to the effective time of the merger, each restricted stock unit was settled in a share of Ryland common stock, less any applicable tax withholding.
- [F2]Reflects settlement of long-term incentive plan ("LTIP") awards. The LTIP awards vested (at the target level) pursuant to the merger agreement. Immediately prior to the effective time of the merger, LTIP awards were settled in shares of Ryland common stock, less any applicable tax withholding.
- [F3]Includes 4,946 shares held by the Ryland Retirement Savings Opportunity Plan and allocated to the account for the reporting person pursuant to the conversion of shares of the Series A ESOP Convertible preferred shares held by the Plan as required by Section 409(1)(3) of the Internal Revenue Code.
- [F4]Disposed of pursuant to the merger agreement. At the effective time of the merger, each share of Ryland common stock issued and outstanding immediately prior to the effective time of the merger was converted into and became exchangeable for 1.0191 validly issued, fully paid and non-assessable shares of common stock of CalAtlantic Group, Inc.
- [F5]Pursuant to the merger agreement, each option to purchase shares of Ryland common stock was converted into an option to acquire shares of CalAtlantic Group, Inc. common stock on the same terms and conditions as were applicable under such option as of immediately prior to the merger. The number of shares of CalAtlantic Group, Inc. common stock underlying each converted Ryland option was determined by multiplying the number of shares of Ryland common stock subject to such option immediately prior to the completion of the merger by the exchange ratio of 1.0191, and rounding down to the nearest whole share.
Documents
Issuer
RYLAND GROUP INC
CIK 0000085974
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0000085974
Filing Metadata
- Form type
- 4
- Filed
- Sep 30, 8:00 PM ET
- Accepted
- Oct 1, 1:42 PM ET
- Size
- 28.9 KB