X0101 42003-07-21 0000038067 FOREST CITY ENTERPRISES INC FCEA/FCEB 0001217455 OBRIEN ROBERT G 0100CEO, Forest City Finance CorpClass A Common Stock2003-07-214M025009.583A22823D1996 Stock Option Grant (right to buy)9.5832003-07-214M025000D1998-09-102000-09-10Class A Common42001700DChief Executive Officer of Forest City Fiance Corporation, and Executive Vice President of Forest City Rental Properties Corporation (major subsidiaries of Forest City Enterprises, Inc.)Shares in personal brokerage account.Other Holdings - Class A Common Stock- Total number of shares - 37,500 - 2001 Restricted Stock Option Grant - 25% exercisable 4/23/03; 25% exercisable on 4/23/04; and 50% exercisable on 4/23/05 - Held directly.Other Holdings - Class A Common Stock - Total number of shares - 37,500 - 2003 Restricted Stock Option Grant - 25% exercisable 3/17/05; 25% exercisable on 3/17/06; and 50% exercisable on 3/17/07 - Held directly. 1996 Stock Option Grant - Exercise Price - $9.583 - 25% exercisable on 9/10/98, 25% exercisable on 9/10/99, 50% exercisable on 9/10/00 - Class A Common Stock - Held direct.Zero value inserted to satisfy program, column is normally left blank for this type of transaction.Other Grants - 1998 Stock Option Grant - Exercise Price - $19.00 - 25% exercisable on 3/18/00, 33% exercisable on 3/18/01, 42% exercisable on 3/18/02 - Class A Common Stock - Total number of shares - 11,700 - Held direct.Other Grants - 1999 Stock Option Grant - Exercise Price - $14.917 - 25% exercisable on 4/8/01, 25% exercisable on 4/8/02, 50% exercisable on 4/8/03 - Class A Common Stock - Total number of shares - 21,599 - Held direct.Other Grants - 2001 Stock Option Grant - Exercise Price - $28.533 - 25% exercisable on 3/8/03, 25% exercisable on 3/8/04, 50% exercisable on 3/8/05 - Class A Common Stock - Total numer of shares - 21,600 - Held direct.Other Grants - 2003 Stock Option Grant - Exercise Price - $31.00 - 25% exercisable 3/17/05; 25% exercisable on 3/17/06; and 50% exercisable on 3/17/07 - Class A Common Stock - Total number of shares - 21,600 - Held direct.Geralyn M. Presti. Attorney-in-Fact for Robert G. O'Brien2003-07-23