0001209191-17-056410.txt : 20171010
0001209191-17-056410.hdr.sgml : 20171009
20171010154320
ACCESSION NUMBER: 0001209191-17-056410
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20171005
FILED AS OF DATE: 20171010
DATE AS OF CHANGE: 20171010
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Squires Richard D.
CENTRAL INDEX KEY: 0001627260
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33662
FILM NUMBER: 171130415
MAIL ADDRESS:
STREET 1: 3889 MAPLE AVENUE
STREET 2: SUITE 1525
CITY: DALLAS
STATE: TX
ZIP: 75219
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Forestar Group Inc.
CENTRAL INDEX KEY: 0001406587
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500]
IRS NUMBER: 261336998
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 6300 BEE CAVE ROAD
STREET 2: BUILDING TWO, SUITE 500
CITY: AUSTIN
STATE: TX
ZIP: 78746
BUSINESS PHONE: 512-433-5200
MAIL ADDRESS:
STREET 1: 6300 BEE CAVE ROAD
STREET 2: BUILDING TWO, SUITE 500
CITY: AUSTIN
STATE: TX
ZIP: 78746
FORMER COMPANY:
FORMER CONFORMED NAME: Forestar Real Estate Group Inc.
DATE OF NAME CHANGE: 20071101
FORMER COMPANY:
FORMER CONFORMED NAME: Forestar Real Estate Group LLC
DATE OF NAME CHANGE: 20070713
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2017-10-05
1
0001406587
Forestar Group Inc.
FOR
0001627260
Squires Richard D.
6300 BEE CAVE ROAD
BUILDING TWO, SUITE 500
AUSTIN
TX
78746
1
0
0
0
Common Stock
2017-10-05
4
D
0
29810
D
0
D
Common Stock
2017-10-05
4
A
0
548
A
548
D
Option (right to buy)
8.60
2017-10-05
4
D
0
20000
D
2017-02-09
2026-02-09
Common Stock
20000
0
D
Includes 5,000 shares of Forestar Group Inc. (the "Issuer") common stock ("Common Stock") and 24,810 Issuer restricted share units. These restricted share units would otherwise have been settled in Common Stock, on a one-for-one basis, upon the Reporting Person's retirement.
Upon the closing of the merger (the "Merger") pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of June 29, 2017, by and among D.R. Horton, Inc., Force Merger Sub, Inc. and the Issuer, (a) each outstanding share of Common Stock was cancelled and converted into the right to receive either (i) a cash payment of $17.75 per share (the "Cash Consideration") or (ii) one new share of Common Stock, at the election of the holder and subject to proration. Due to proration, each holder of Common Stock who elected Cash Consideration received the Cash Consideration for 89.030037% of the shares subject to such election (rounded to the nearest whole number) and one new share of Common Stock for each of the remaining shares of Common Stock subject to such election.
The Reporting Person elected to receive Cash Consideration in the Merger, which was subject to proration as described in footnote 2.
Pursuant to the Merger Agreement, upon the effectiveness of the Merger, each outstanding Issuer restricted share unit was cancelled and converted into the right to receive an amount of cash equal to the Cash Consideration, and each Issuer option to purchase Common Stock was cancelled and converted into the right to receive an amount of cash equal to the excess, if any, of the Cash Consideration over the exercise price of such option.
Matthew S. Stark signing on behalf of Richard D. Squires
2017-10-10