RYLAND GROUP INC 4
4 · RYLAND GROUP INC · Filed Apr 25, 2005
Insider Transaction Report
Form 4
DREIER R CHAD
DirectorChairman and CEO
Transactions
- Exercise/Conversion
Common Stock
2005-04-22$3.19/sh+100,000$319,000→ 456,917 total - Sale
Common Stock
2005-04-22$59.75/sh−100,000$5,974,820→ 356,917 total - Exercise/Conversion
Stock Options (Right to buy)
2005-04-22−100,000→ 500,000 totalExercise: $3.19Exp: 2007-01-29→ Common Stock (100,000 underlying)
Footnotes (3)
- [F1]Mr. Dreier exercised this stock option for 100,000 shares of Ryland Common Stock in accordance with a written plan pursuant to Rule 10b5-9(c)(1).
- [F2]Includes 2,917 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.
- [F3]The Stock Option vested in three equall installments on January 29, 1998, 1999 and 2000.