DREIER R CHAD 4
4 · RYLAND GROUP INC · Filed Jul 22, 2005
Insider Transaction Report
Form 4
DREIER R CHAD
DirectorChairman and CEO
Transactions
- Sale
Common Stock
2005-07-22$80.54/sh−100,000$8,053,690→ 476,915 total - Exercise/Conversion
Stock Options (Right to buy)
2005-07-22−100,000→ 400,000 totalExercise: $3.19Exp: 2007-01-29→ Common Stock (100,000 underlying) - Exercise/Conversion
Common Stock
2005-07-22$3.19/sh+100,000$319,000→ 576,915 total
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 2,915 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 equal installments on January 29, 1998, 1999 and 2000.