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*
RATNER CHARLES A

(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)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Chairman of the Board
3. Date of Earliest Transaction (Month/Day/Year)
09/24/2015
4. If Amendment, Date of Original Filed (Month/Day/Year)
09/28/2015
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 09/24/2015 S 4,371 D $20.2063(1) 116,819 I See footnote(1)
Class A Common Stock 09/24/2015 S 2,822 D $20.1966(1) 113,997 I See footnote(1)
Class A Common Stock 09/24/2015 S 29,407 D $20.1545(1) 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(4) 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)
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. The price $20.164 represents a weighed average of sales prices ranging from $20.125 per share to $20.22 per share. Full information regarding the number of shares sold at each separate price will be provided to the SEC, the issuer or a security holder of the issuer upon request.
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. The price $20.171 represents a weighed average of sales prices ranging from $20.15 per share to $20.255 per share. Full information regarding the number of shares sold at each separate price will be provided to the SEC, the issuer or a security holder of the issuer upon request.
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:
Amended to add weighted sales detail to footnote.
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).
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