Smith Richard M 4
4 · Forestar Group Inc. · Filed Oct 10, 2017
Insider Transaction Report
Form 4
Smith Richard M
Director
Transactions
- Disposition to Issuer
Common Stock
2017-10-05−81,258→ 0 total - Disposition to Issuer
Restricted Share Units
2017-10-05−28,621→ 0 total→ Common Stock (28,621 underlying)
Footnotes (3)
- [F1]Represents Forestar Group Inc. (the "Issuer") restricted share units. These restricted share units would otherwise have been settled in Issuer common stock ("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, dated as of June 29, 2017, by and among D.R. Horton, Inc., Force Merger Sub, Inc. and Issuer, each outstanding Issuer restricted share unit was cancelled and converted into the right to receive an amount of cash equal to a cash payment of $17.75 per share.
- [F3]These restricted share units would otherwise have been settled for the cash value of a share of Common Stock, on a one-for-one basis, following the Reporting Person's retirement. These restricted share units were vested on the date of grant.