X0306 4 2015-10-01 1 0000085974 RYLAND GROUP INC RYL 0001214407 METCALFE NORMAN J 3011 TOWNSGATE ROAD SUITE 200 WESTLAKE VILLAGE CA 91361-3027 1 0 0 0 Common Stock, par value $1.00 per share 2015-10-01 4 D 0 41534 D 0 I Rabbi Trust Common Stock, par value $1.00 per share 2015-10-01 4 D 0 31464 D 0 D Stock Option (right to buy) 72.13 2015-10-01 4 D 0 20000 D 2006-06-30 2015-12-30 Common Stock, par value $1.00 per share 20000 0 D Disposed of pursuant to the Amended and Restated Agreement and Plan of Merger by and between The Ryland Group, Inc. and Standard Pacific Corp. dated as of June 14, 2015. Pursuant to the merger agreement, The Ryland Group, Inc. merged with and into Standard Pacific Corp., with Standard Pacific Corp. continuing as the surviving corporation under the name CalAtlantic Group, Inc. At the effective time of the merger, each share of Ryland common stock issued and outstanding immediately prior to the effective time of the merger was converted into and became exchangeable for 1.0191 validly issued, fully paid and non-assessable shares of common stock of CalAtlantic Group, Inc. Pursuant to the merger agreement, each option to purchase shares of Ryland common stock was converted into an option to acquire shares of CalAtlantic Group, Inc. common stock on the same terms and conditions as were applicable under such option as of immediately prior to the merger. The number of shares of CalAtlantic Group, Inc. common stock underlying each converted Ryland option was determined by multiplying the number of shares of Ryland common stock subject to such option immediately prior to the completion of the merger by the exchange ratio of 1.0191, and rounding down to the nearest whole share. /s/ Timothy J. Geckle, as Attorney-in-Fact for Norman J. Metcalfe 2015-10-01