DREIER R CHAD 4
4 · RYLAND GROUP INC · Filed Jul 25, 2008
Insider Transaction Report
Form 4
DREIER R CHAD
DirectorChairman and CEO
Transactions
- Exercise/Conversion
Common Stock
2008-07-25$6.38/sh+80,000$510,400→ 576,929 total - Sale
Common Stock
2008-07-25$20.79/sh−80,000$1,663,592→ 496,929 total - Exercise/Conversion
Stock Options (Right to buy)
2008-07-25−80,000→ 160,000 totalExercise: $6.38Exp: 2009-04-21→ Common Stock (80,000 underlying)
Footnotes (3)
- [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]Includes 2,929 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 April 21, 2000, 2001 and 2002.