X0202 4 2008-04-07 0000038067 FOREST CITY ENTERPRISES INC FCEA/FCEB 0001185192 ESPOSITO MICHAEL P JR 1221 AVENUE OF THE AMERICAS NEW YORK NY 10020-1001 1 0 0 0 Class A Common 3071.358 D Class A Common Stock 83400 D Class A Common Stock 24900 D Class A Common Stock 1100 I See footnote 2003 Stock Option Grant (right to buy) 15.50 2005-03-17 2013-03-17 Class A Common 10800 10800 D 2005 Stock Option Grant (right to buy) 31.75 2007-04-06 2015-04-06 Class A Common 10800 10800 D 2006 Stock Option Grant (right to buy) 46.37 2008-04-04 2016-04-04 Class A Common 10800 10800 D 2007 Stock Option Grant (right to buy) 65.35 2009-03-29 2017-03-29 Class A Common 10800 10800 D 2008 Stock Option Grant (right to buy) 37.68 2008-04-07 4 A 0 10637 0 A 2009-04-07 2018-04-07 Class A Common 10637 10637 D Phantom Stock 0 1988-08-08 1988-08-08 Class A Common 6877.209 6877.209 D Held in a Dividend Reinvestment Account (DRIP). Held Direct - in Mr. Esposito's name in an account at Smith Barney, Paramus, NJ. Held in an account at Smith Barney - Sarasota, FL. Shares are held by Sag Pond Partners - Mr. Esposito retains sole investment control. 2003 Stock Option Grant - 25% exercisable 3/17/2005; 25% exercisable 3/17/2006; and 50% exercisable 3/17/2007. 2005 Stock Option Grant - 25% exercisable 4/06/2007; 25% exercisable 4/06/2008; and 50% exersicable 4/06/2009. 2006 Stock Option Grant - 25% exercisable 4/04/2008; 25% exercisable 4/04/2009; and 50% exersicable 4/04/2010. 2007 Stock Option Grant - 25% exercisable 3/29/2009; 25% exercisable 3/29/2010; and 50% exercisable 3/29/2011. 2008 Stock Option Grant - 33% exercisable 4/07/2009; 33% exercisable 4/07/2010; and 34% exercisable 4/07/2011. Exercisable at retirement, termination, death or disability. No present expiration date Phantom Stock - 1-for-1 - Deferred compensation plan contributions. Contributing $6,250 after each board of director's meeting; updated to reflect current holdings. Geralyn M. Presti, Attorney-In-Fact for Michael P. Esposito, Jr. 2008-04-09