4//SEC Filing
RYLAND GROUP INC 4
Accession 0000899243-15-005682
CIK 0000085974operating
Filed
Sep 30, 8:00 PM ET
Accepted
Oct 1, 1:47 PM ET
Size
9.9 KB
Accession
0000899243-15-005682
Insider Transaction Report
Form 4
METCALFE NORMAN J
Director
Transactions
- Disposition to Issuer
Common Stock, par value $1.00 per share
2015-10-01−41,534→ 0 total(indirect: By Trust) - Disposition to Issuer
Common Stock, par value $1.00 per share
2015-10-01−31,464→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2015-10-01−20,000→ 0 totalExercise: $72.13From: 2006-06-30Exp: 2015-12-30→ Common Stock, par value $1.00 per share (20,000 underlying)
Footnotes (2)
- [F1]Disposed of 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. 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. 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.
- [F2]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, 1:47 PM ET
- Size
- 9.9 KB