SEC Form 4
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*
OBRIEN ROBERT G

(Last) (First) (Middle)
50 PUBLIC SQUARE, SUITE 1100

(Street)
CLEVELAND OH 44113

(City) (State) (Zip)
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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Pres. of Forest City Finance
3. Date of Earliest Transaction (Month/Day/Year)
04/27/2004
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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 04/27/2004 S 200 D $53.2 40,613 D(1)(2)(9)
Class A Common Stock 04/27/2004 S 9,175 D $52.5 31,438 D(1)
Class A Common Stock 18,750 D(2)
Class A common Stock 37,500 D(3)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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
1996 Stock Option Grant (right to buy) $9.583 09/10/1998(4) 09/10/2006 Class A Common 1,700 1,700 D
1998 Stock Option Grant $19 03/18/2000(5) 03/18/2008 Class A Common 11,700 11,700 D
1999 Stock Option Grant (right to buy) $14.92 04/08/2001(6) 04/08/2009 Class A Common 21,599 21,599 D
2001 Stock Option Grant (right to buy) $28.53 03/08/2003(7) 03/08/2011 Class A Common 21,600 21,600 D
2003 Stock Option Grant (right to buy) $31 03/17/2005(8) 03/17/2013 Class A Common 21,600 21,600 D
Explanation of Responses:
1. Shares in personal brokerage account at Charles Schwab.
2. 2001 Restricted Stock Option Grant - Original Grant was 37,500 shares -25% exercisable on 4/23/03; 25% exercisable on 4/23/04; and 50% exercisable on 4/23/05. (9,375 shares vested 4/23/03; 9,375 shares vested 4/23/04 were moved to Charles Schwab account)
3. 2003 Restricted Stock Option Grant - Original Grant was 37,500 shares -25% exercisable on 3/17/05; 25% exercisable on 3/17/06; and 50% exercisable on 3/17/07.
4. 1996 Stock Option Grant - 25% exercisable 9/10/98; 25% Execisable on 9/10/99; and 50% exercisable on 9/10/00.
5. 1998 Stock Option Grant - 25% exercisable 3/18/00; 33% exercisable on 3/18/01; and 42% exercisable on 3/18/02.
6. 1999 Stock Option Grant - 25% exercisable on 4/08/01; 25% exercisable 4/08/02; and 50% exercisable on 4/08/03.
7. 2001 Stock Option Grant - 25% exercisable on 3/08/03; 25% exercisable 3/08/04; and 50% exercisable on 3/08/05.
8. 2003 Stock Option Grant - 25% exercisable 3/17/05; 25% exercisable on 3/17/06; and 50% exercisable on 3/17/07
9. 2001 Restricted Stock Option Grant - 9,375 shares vested 4/23/04, taxes paid and shares were moved to Charles Schwab account.
Remarks:
Geralyn M. Presti. Attorney-in-Fact for Robert G. O'Brien 04/29/2004
** 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.
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