4//SEC Filing
HUDSON M ASHTON 4
Accession 0001209191-17-056406
CIK 0001406587other
Filed
Oct 9, 8:00 PM ET
Accepted
Oct 10, 3:35 PM ET
Size
10.4 KB
Accession
0001209191-17-056406
Insider Transaction Report
Form 4
HUDSON M ASHTON
Director
Transactions
- Award
Common Stock
2017-10-05+2,742→ 2,742 total - Disposition to Issuer
Option (right to buy)
2017-10-05−20,000→ 0 totalExercise: $8.60From: 2017-02-09Exp: 2026-02-09→ Common Stock (20,000 underlying) - Disposition to Issuer
Common Stock
2017-10-05−49,801→ 0 total
Footnotes (4)
- [F1]Includes 25,000 shares of Forestar Group Inc. (the "Issuer") common stock ("Common Stock") and 24,801 Issuer restricted share units. These restricted share units would otherwise have been settled in Common Stock, on a one-for-one basis, upon the Reporting Person's retirement.
- [F2]Upon the closing of the merger (the "Merger") pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of June 29, 2017, by and among D.R. Horton, Inc., Force Merger Sub, Inc. and the Issuer, (a) each outstanding share of Common Stock was cancelled and converted into the right to receive either (i) a cash payment of $17.75 per share (the "Cash Consideration") or (ii) one new share of Common Stock, at the election of the holder and subject to proration. Due to proration, each holder of Common Stock who elected Cash Consideration received the Cash Consideration for 89.030037% of the shares subject to such election (rounded to the nearest whole number) and one new share of Common Stock for each of the remaining shares of Common Stock subject to such election.
- [F3]The Reporting Person elected to receive Cash Consideration in the Merger, which was subject to proration as described in footnote 2.
- [F4]Pursuant to the Merger Agreement, upon the effectiveness of the Merger, each outstanding Issuer restricted share unit was cancelled and converted into the right to receive an amount of cash equal to the Cash Consideration, and each Issuer option to purchase Common Stock was cancelled and converted into the right to receive an amount of cash equal to the excess, if any, of the Cash Consideration over the exercise price of such option.
Documents
Issuer
Forestar Group Inc.
CIK 0001406587
Entity typeother
Related Parties
1- filerCIK 0001284581
Filing Metadata
- Form type
- 4
- Filed
- Oct 9, 8:00 PM ET
- Accepted
- Oct 10, 3:35 PM ET
- Size
- 10.4 KB