FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
FOREST CITY ENTERPRISES INC [ FCEA/FCEB ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 09/24/2015 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Class A Common Stock | 09/24/2015 | S | 4,371 | D | $20.2063 | 116,819 | I | See footnote(1) | ||
Class A Common Stock | 09/24/2015 | S | 2,822 | D | $20.1966 | 113,997 | I | See footnote(1) | ||
Class A Common Stock | 09/24/2015 | S | 29,407 | D | $20.1545 | 84,590 | I | See footnote(1) | ||
Class A Common Stock | 4,204 | I | See footnote(2) | |||||||
Class A Common Stock | 506,007 | I | See footnote(3) | |||||||
Class A Common Stock | 09/24/2015 | S | 44,000 | D | $20.171 | 337,806 | I | See footnote(4) | ||
Class A Common Stock | 2,236 | I | See footnote(5) | |||||||
Class A Common Stock | 8,198 | I | See footnote(5) | |||||||
Class A Common Stock | 18,679 | I | See footnote(5) | |||||||
Class A Common Stock | 5,389 | I | See footnote(5) | |||||||
Class A Common Stock | 2,948 | I | See footnote(6) | |||||||
Class A Common Stock | 98,000 | I | See footnote(7) | |||||||
Class A Common Stock | 2,227 | I | See footnote(8) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Class B Common - Convertible | $0(13) | 08/08/1988(13) | 08/08/1988(13) | Common Stock | 56,191 | 56,191 | I | See footnote(1) | |||||||
Class B Common - Convertible | $0(13) | 08/08/1988(13) | 08/08/1988(13) | Common Stock | 453,536 | 453,536 | I | See footnote(1) | |||||||
Class B Common - Convertible | $0(13) | 08/08/1988(13) | 08/08/1988(13) | Common Stock | 5,992 | 5,992 | I | See footnote(5) | |||||||
Class B Common - Convertible | $0(13) | 08/08/1988(13) | 08/08/1988(13) | Common Stock | 5,992 | 5,992 | I | See footnote(5) | |||||||
Class B Common - Convertible | $0(13) | 08/08/1988(13) | 08/08/1988(13) | Common Stock | 5,992 | 5,992 | I | See footnote(5) | |||||||
Class B Common - Convertible | $0(13) | 08/08/1988(13) | 08/08/1988(13) | Common Stock | 5,992 | 5,992 | I | See footnote(5) | |||||||
Class B Common - Convertible | $0(13) | 08/08/1988(13) | 08/08/1988(13) | Common Stock | 73,080 | 73,080 | I | See footnote(7) | |||||||
Class B Common - Convertible | $0(13) | 08/08/1988(13) | 08/08/1988(13) | Common Stock | 378,500 | 378,500 | I | See footnote(8) | |||||||
Class B Common - Convertible | $0(13) | 08/08/1988(13) | 08/08/1988(13) | Common Stock | 900 | 900 | I | See footnote(9) | |||||||
2005 Stock Option Grant (right to buy) | $31.75 | 04/06/2007(10) | 04/06/2015 | Class A Common | 40,000 | 40,000 | D(10) | ||||||||
2006 Stock Option Grant (right to buy) | $46.37 | 04/04/2008(11) | 04/04/2016 | Class A Common | 40,000 | 40,000 | D(11) | ||||||||
2007 Stock Option Grant (right to buy) | $65.35 | 03/29/2009(12) | 03/29/2017 | Class A Common | 40,000 | 40,000 | D(12) | ||||||||
2008 Stock Option Grant (right to buy) | $36.38 | 06/18/2010(12) | 06/18/2018 | Class A Common | 19,691 | 19,691 | D(12) | ||||||||
2009 Stock Option Grant (right to buy) | $7.8 | 04/21/2011(12) | 04/21/2019 | Class A Common | 24,220 | 24,220 | D(12) | ||||||||
2010 Stock Option Grant (right to buy) | $15.89 | 04/14/2012(12) | 04/14/2020 | Class A Common | 40,289 | 40,289 | D(12) | ||||||||
2011 Stock Option Grant (right to buy) | $17.72 | 04/13/2013 | 04/13/2021 | Class A Common | 26,782 | 26,782 | D(12) |
Explanation of Responses: |
1. Charles Ratner Revocable Trust dated 7/17/1981.. - trust holds 118,368 Class A Common shares; Class B Common shares - 56,191 shares are held as a direct limited partner of RMS, Ltd; 453,536 shares are held as a limited partnersip interest in FCE Management, LP (a limited partner of RMS, Ltd.). 2,822 shares vested 4/13/2015 and were transferred to this account. |
2. Held by spouse in a street account. |
3. Illana Horowitz Ratner Trust - dated 12/29/92 (spouse). |
4. Charles Ratner 1986 Remainder Interest Trust - Albert Ratner is trustee; Charles Ratner retains an income interest for life. Beneficiaries are his children: Kevin, Rachel and Jonathan. |
5. Max Ratner 1986 Family Trust for the benefit of children: Kevin Ratner (son)- 2,236 Class A shares and 5,992 Class B shares; Rachel Ratner (daughter) - 8,198 Class A shares and 5,992 Class B shares; Jonathan Ratner (son) - 18,679 Class A shares and 5,992 Class B shares & Adam Ratner (son) - 5,389 Class A shares and 5,992 Class B shares. Charles Ratner is Trustee. All Class B shares (except those held for the benefit of Adam) are held as a limited partnership interest in RMS, Ltd.. Charles Ratner disclaims any beneficial interest. |
6. Max Ratner 1988 Grandchildrens Trust - for the benefit of Adam (son). Charles Ratner disclaims any beneficial interest. |
7. Max Ratner 1999 Irrevocable Trust - trust hold both Class A & Class B shares. Shares are for the benefit of Adam Ratner (son). Charles Ratner disclaims any beneficial interest. |
8. Charles & Ilana Ratner 2007 Equalizing Trust - for the benefit of Adam (son). Charles Ratner disclaims any beneficial interest. |
9. General Partnership interest in RMS, Ltd. partnership a 10% shareholder. |
10. 2005 Stock Option Grant - 25% exercisable 4/06/2007; 25% exercisable 4/06/2008; and 50% exersicable 4/06/2009. |
11. 2006 Stock Option Grant - 25% exercisable 4/04/2008; 25% exercisable 4/04/2009; and 50% exersicable 4/04/2010. |
12. 2007 Stock Option Grant - 25% exercisable 3/29/2009; 25% exercisable 3/29/2010; and 50% exercisable 3/29/2011. 2008 Stock Option Grant - 25% exercisable 6/18/2010; 25% exercisable 6/18/2011; and 50% exercisable 6/18/2012. 2009 Stock Option Grant - 25% exercisable 4/21/2011; 25% exercisable 4/21/2012; and 50% exercisable 4/21/2013. 2010 Stock Option Grant - 25% exercisable 4/14/2012; 25% exercisable 4/14/2013; and 50% exercisable 4/14/2014. 2011 Stock Option Grant - 25% exercisable 4/13/2013; 25% exercisable 4/13/2014; and 50% exercisable 4/13/2015. |
13. Class B Common Stock is convertible to Class A Common Stock on a share -for -share basis; stock are convertible at any time - there is no fixed exercise date or expiration date. |
Remarks: |
Geralyn M. Presti, Attorney-in-Fact for Charles A. Ratner | 09/28/2015 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |