X0306 4 2016-02-11 0 0001406587 Forestar Group Inc. FOR 0001417039 Grimm David M 6300 BEE CAVE ROAD BUILDING TWO, SUITE 500 AUSTIN TX 78746 0 1 0 0 Chief Administrative Officer Common Stock 2016-02-11 4 M 0 1845 0.00 A 57807 D Common Stock 2016-02-11 4 D 0 1845 8.40 D 55962 D Common Stock 2016-02-12 4 M 0 2027 0.00 A 57989 D Common Stock 2016-02-12 4 D 0 2027 8.60 D 55962 D Common Stock 2016-02-12 4 M 0 6349 A 62311 D Common Stock 2016-02-12 4 F 0 2073 8.60 D 60238 D Common Stock 1000 I By Spouse Option (right to buy) 30.56 2008-02-02 2017-02-02 Common Stock 1708 1708 D Option (right to buy) 28.85 2009-02-12 2018-02-12 Common Stock 22300 22300 D Option (right to buy) 17.80 2011-02-09 2020-02-09 Common Stock 10757 10757 D Option (right to buy) 18.59 2012-02-08 2021-02-08 Common Stock 20772 20772 D Option (right to buy) 16.11 2013-02-14 2022-02-14 Common Stock 24142 24142 D Option (right to buy) 18.70 2014-02-12 2023-02-12 Common Stock 24366 24366 D Option (right to buy) 14.08 2016-02-10 2025-02-10 Common Stock 22971 22971 D Stock Appreciation Right 17.80 2011-02-09 2020-02-09 Common Stock 12628 12628 D Restricted Share Units 2016-02-12 4 M 0 2027 0.00 D Common Stock 2027 0 D Restricted Share Units 2016-02-11 4 M 0 1845 0.00 D Common Stock 1846 1846 D Restricted Share Units Common Stock 17442 17442 D Market Stock Units 2016-02-12 4 M 0 11856 0.00 D 2016-02-12 Common Stock 11856 0 D Market Stock Units 2017-02-11 Common Stock 7360 7360 D Market Stock Units 2018-02-10 Common Stock 23158 23158 D Restricted stock units vested 02/11/2016. Restricted stock units are being settled for cash based on the fair market value on 02/11/2016. Restricted stock units vested 02/12/2016. Restricted stock units are being settled for cash based on the fair market value on 02/12/2016. Represents vesting of previously reported Market Stock Units. Options Vesting Schedule - Exercise price of $30.56: Options Exercisable 02/02/2008 - 427; Options Exercisable 02/02/2009 - 427; Options Exercisable 02/02/2010 - 427; and Options Exercisable 02/02/2011 - 427. Shares acquired in a pro rata distribution by Temple-Inland Inc. through a spin-off on or around December 28, 2007. Options Vesting Schedule for Options Granted 02/12/2008 - Exercise price is $28.85: Options Exercisable 02/12/2009 - 5,575; Options Exercisable 02/12/2010 - 5,575; Options Exercisable 02/12/2011 - 5,575; Options Exercisable 02/12/2012 - 5,575. Vesting schedule for Options granted 02/09/2010 - Exercise price is $17.80: Options Exercisable 02/09/2011 - 2,689; Options Exercisable 02/09/2012 - 2,689; Options Exercisable 02/09/2013 - 2,689; and Options Exercisable 02/09/2014 - 2,690. Vesting schedule for Options granted 02/08/2011 - Exercise price is $18.59: Options Exercisable 02/08/2012 - 5,193; Options Exercisable 02/08/2013 - 5,193; Options Exercisable 02/08/2014 - 5,193; and Options Exercisable 02/08/2015 - 5,193. Vesting schedule for Options granted 02/14/2012 - Exercise price is $16.11: Options Exercisable 02/14/2013 - 6,035; Options Exercisable 02/14/2014 - 6,036; Options Exercisable 02/14/2015 - 6,035; and Options Exercisable 02/14/2016 - 6,036. Vesting schedule for Options granted 02/12/2013 - Exercise price is $18.70: Options Exercisable 02/12/2014 - 6,091; Options Exercisable 02/12/2015 - 6,092; Options Exercisable 02/12/2016 - 6,091; and Options Exercisable 02/12/2017 - 6,092. Vesting schedule for Options granted 02/10/2015 - Exercise price is $14.08: Options Exercisable 02/10/2016 - 5,742; Options Exercisable 02/10/2017 - 5,743; Options Exercisable 02/10/2018 - 5,743; and Options Exercisable 02/10/2019 - 5,743. Vesting schedule for Stock Appreciation Rights (SARs) granted 02/09/2010 - Exercise price is $17.80: SARs Exercisable 02/09/2011 - 3,157; SARs Exercisable 02/09/2012 - 3,157; SARs Exercisable 02/09/2013 - 3,157; and SARs Exercisable 02/09/2014 - 3,157. SARs will be settled for cash. Restricted share units granted on 02/12/2013 will vest as follows: 2,028 on 02/12/2014; 2,027 on 02/12/2015; 2,027 on 02/12/2016. Restricted share units will be settled for cash based on the fair market value on vesting date. Restricted share units granted on 02/11/2014 will vest as follows: 1,846 on 02/11/2015; 1,845 on 02/11/2016; 1,846 on 02/11/2017. Restricted share units will be settled for cash based on the fair market value on vesting date. Restricted share units granted on 02/09/2016 will vest as follows: 5,814 on 02/09/2017; 5,814 on 02/09/2018; 5,814 on 02/09/2019. Restricted share units will be settled with stock. Number of shares to be received upon vesting will vary depending upon performance of Company stock over the performance period. David M. Grimm 2016-02-16