DREIER R CHAD 4
4 · RYLAND GROUP INC · Filed Jan 30, 2009
Insider Transaction Report
Form 4
DREIER R CHAD
DirectorChairman and CEO
Transactions
- Exercise/Conversion
Common Stock
2009-01-30$6.38/sh+80,000$510,400→ 576,934 total - Exercise/Conversion
Stock Options (Right to Buy)
2009-01-30−80,000→ 0 totalExercise: $6.38Exp: 2009-04-21→ Common Stock (80,000 underlying) - Sale
Common Stock
2009-01-30$15.48/sh−80,000$1,238,576→ 496,934 total
Footnotes (4)
- [F1]Mr. Dreier exercised this stock option for 80,000 shares of Ryland Common Stock in accordance with a written plan pursuant to Rule 10b5-9(c)(1).
- [F2]The Stock Option vested in three equal installments on April 21, 2000, 2001 and 2002.
- [F3]The price reported in Column 4 is a weighted average price. The prices actually received ranged from $15.19 to $16.04. The reporting person will provide the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
- [F4]Includes 2,934 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.