SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
RATNERSALZBERG DEBORAH

(Last) (First) (Middle)
1615 L STREET NW, SUITE 400

(Street)
WASHINGTON DC 20036

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
FOREST CITY ENTERPRISES INC [ FCEA/FCEB ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/01/2007
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 08/01/2007 S(26) 500 D $54.18 680,325 I See footnote(1)
Class A Common Stock 3,500 I See footnote(2)
Class A Common Stock 55,565 I See footnote(3)
Class A Common Stock 3,192 I See footnote(4)
Class A Common Stock 532,257 I See footnote(5)
Class A Common Stock 70,000 I See footnote(6)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Class B Common - Convertible $0(25) 08/08/1988(25) 08/08/1988(25) Common Stock 900 900(7) D
Class B Common - Convertible $0(25) 08/08/1988(25) 08/08/1988(25) Common Stock 376,928 376,928 I See footnote(8)
Class B Common - Convertible $0(25) 08/08/1988(25) 08/08/1988(25) Common Stock 276,722 276,722 I See footnote(9)
Class B Common - Convertible $0(25) 08/08/1988(25) 08/08/1988(25) Common Stock 93,988 93,988 I See footnote(10)
Class B Common - Convertible $0(25) 08/08/1988(25) 08/08/1988(25) Common Stock 148,800 148,800 I See footnote(11)
Class B Common - Convertible $0(25) 08/08/1988(25) 08/08/1988(25) Common Stock 6,402 6,402 I See footnote(12)
Class B Common - Convertible $0(25) 08/08/1988(25) 08/08/1988(25) Common Stock 140,400 140,400 I See footnote(13)
Class B Common - Convertible $0(25) 08/08/1988(25) 08/08/1988(25) Common Stock 5,040 5,040 I See footnote(14)
Class B Common - Convertible $0(25) 08/08/1988(25) 08/08/1988(25) Common Stock 81,940 81,940 I See footnote(15)
Class B Common - Convertible $0(25) 08/08/1988(25) 08/08/1988(25) Common Stock 81,936 81,936 I See footnote(17)
Class B Common - Convertible $0(25) 08/08/1988(25) 08/08/1988(25) Common Stock 58,932 58,932 I See footnote(16)
Class B Common - Convertible $0(25) 08/08/1988(25) 08/08/1988(25) Common Stock 33,805 33,805 I See footnote(18)
Class B Common - Convertible $0(25) 08/08/1988(25) 08/08/1988(25) Common Stock 124,211 124,211 I See footnote(19)
Class B Common - Convertible $0(25) 08/08/1988(25) 08/08/1988(25) Common Stock 370,519 370,519 I See footnote(20)
2003 Stock Option Grant (right to buy) $15.5 03/17/2005(21) 03/17/2013 Class A Common 15,600 15,600 D
2005 Stock Option Grant (right to buy) $31.75 04/06/2007(22) 04/06/2015 Class A Common 15,000 15,000 D(22)
2006 Stock Option Grant (right to buy) $46.37 04/04/2008(23) 04/04/2016 Class A Common 15,000 15,000 D(23)
2007 Stock Option Grant (right to buy) $65.35 03/29/2009(24) 03/29/2017 Class A Common 15,000 15,000 D(24)
Explanation of Responses:
1. U/A Deborah Ratner-Salzberg Trust dated 2/09/1987.
2. Deborah Ratner Salzberg 2001 Trust.
3. Michael Salzberg (spouse) shares held directly.
4. Albert B. Ratner 1989 Grandchildren's Trust - for the Benefit of Anna Salzberg (daughter) 1,596 and Eric Salzberg (son) 1,596. Deborah Ratner-Salzberg disclaims any beneficial interest.
5. Albert Ratner Remainder Interest Trust - for the benefit of Anna Salzberg (daughter) 266,128 and Eric Salzberg (son) 266,129. Deborah Ratner-Salzberg disclaims any beneficial interest.
6. Deborah Ratner Salzberg Family Trust dated 12/29/1986 - for the benefit of Anna Salzberg (daughter) 35,000 and Eric Salzberg (son) 35,000.
7. General Partnership interest in RMS, Ltd., an Ohio limited partnership.
8. U/A Deborah Ratner-Salzberg Trust dated 2/09/1987 - limited partnership interest in RMS, Ltd. limited partnership. Shares from the Faye Ratner Trust were merged into this trust 12/31/04.
9. U/A Deborah Ratner-Salzberg Trust dated 2/09/1987 - FCE Management, L.P. limited partnership interest in RMS, Ltd. limited partnership.
10. Deborah Ratner Salzberg 2001 Trust. - FCE Management, L.P. limited partnership interest.
11. Albert B. Ratner 1986 Grandchildren's Trust - for the benefit of Anna Salzberg (daughter). Deborah Ratner-Salzberg disclaims any beneficial interest.
12. Deborah Ratner 1986 Family Trust - as limited partner in RMS, Ltd., for the benefit of Anna Salzberg (daughter) 3,200 and Eric Salzberg (son) 3,202. Deborah Ratner-Salzberg disclaims any beneficial interest.
13. Deborah Ratner 1989 Irrevocable Trust - for the benefit of Anna Salzberg (daughter) 70,200 and Eric Salzberg (son) 70,200. Deborah Ratner-Salzberg disclaims any beneficial interest.
14. Anna Salzberg (daughter), shares are held in street account at UBS Financial Services as limited partner in RMS, Ltd.
15. Albert B. Ratner 1989 Grandchildren's Trust - a limited partner in RMS, Ltd., for the benefit of Anna Salzberg (daughter). Deborah Ratner-Salzberg disclaims any beneficial interest.
16. Albert B. Ratner 1987 Family Trust - a limited partner in RMS, Ltd.; for the benefit of Eric Salzberg (son). Deborah Ratner-Salzberg disclaims any beneficial interest.
17. Albert B. Ratner 1989 Grandchildren's Trust - a limited partner in RMS, Ltd., for the benefit of Eric Salzberg (son). Deborah Ratner-Salzberg disclaims any beneficial interest.
18. Albert B. Ratner 1989 Grandchildren's Trust - limited partnership interest in FCE Management, L.P., limited partner of RMS, Ltd., for the benefit of Anna Salzberg (daughter) . Deborah Ratner-Salzberg disclaims any beneficial interest.
19. Albert B. Ratner 1989 Grandchildren's Trust - limited partnership interest in FCE Management, L.P., limited partner of RMS, Ltd., for the benefit of Eric Salzberg (son). Deborah Ratner-Salzberg disclaims any beneficial interest.
20. Albert B. Ratner 1999 Revocable Trust - limited partnership interest in FCE Management, L.P., limited partner of RMS, Ltd., for the benefit of Anna Salzberg (daughter) 185,260 and Eric Salzberg (son) - 185,260. Deborah Ratner-Salzberg disclaims any beneficial interest.
21. 2003 Stock Option Grant - 25% exercisable 3/17/2005; 25% exercisable 3/17/2006; and 50% exercisable 3/17/2007.
22. 2005 Stock Option Grant - 25% exercisable 4/06/2007; 25% exercisable 4/06/2008; and 50% exercisable 4/06/2009.
23. 2006 Stock Option Grant - 25% exercisable 4/04/2008; 25% exercisable 4/04/2009; and 50% exercisable 4/04/2010.
24. 2007 Stock Option Grant - 25% exercisable 3/29/2009; 25% exercisable 3/29/2010; and 50% exercisable 3/29/2011.
25. Class B Common Stock is convertible to Class A Common Stock on a share -for -share basis; stock are convertible at any time - there is no fixed exercise date or expiration date.
26. Sales in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 12, 2006.
Remarks:
Geralyn M. Presti, Attorney-In-Fact for Deborah Ratner-Salzberg 08/03/2007
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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