SEC FORM 4

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^*

Mizenko Glen J

(Last)

(First)

(Middle)

707 SEVENTEENTH STREET

SUITE 3600

(Street)

DENVER

80202

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
FOREST OIL CORP [ FST ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Senior V.P. Bus. Dev. & Eng.

3. Date of Earliest Transaction (Month/Day/Year)
05/08/2008

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/08/2008		S		97	D	$65.76	32,242	D
Common Stock	05/08/2008		M		400	A	$15.65	32,642	D
Common Stock	05/08/2008		S		400	D	$65.7125	32,242	D
Common Stock	05/08/2008		M		692	A	$15.65	32,934	D
Common Stock	05/08/2008		S		692	D	$65.71	32,242	D
Common Stock	05/08/2008		M		508	A	$16.85	32,750	D
Common Stock	05/08/2008		S		508	D	$65.71	32,242	D
Common Stock	05/08/2008		M		300	A	$16.85	32,542	D
Common Stock	05/08/2008		S		300	D	$65.7075	32,242	D
Common Stock	05/08/2008		M		2,700	A	$16.85	34,942	D
Common Stock	05/08/2008		S		2,700	D	$65.7	32,242	D
Common Stock	05/08/2008		M		300	A	$16.85	32,542	D
Common Stock	05/08/2008		S		300	D	$65.73	32,242	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Non-Qualified Stock Option (right to buy)⁽¹⁾	$15.65	05/08/2008		M			97	⁽²⁾	02/26/2013	Common Stock	97	$65.76	1,092	D
Non-Qualified Stock Option (right to buy)⁽¹⁾	$15.65	05/08/2008		M			400	⁽²⁾	02/26/2013	Common Stock	400	$65.7125	692	D
Non-Qualified Stock Option (right to buy)⁽¹⁾	$15.65	05/08/2008		M			692	⁽²⁾	02/26/2013	Common Stock	692	$65.71	0	D
Non-Qualified Stock Option (right to buy)⁽¹⁾	$16.82	05/08/2008		M			1,426	⁽²⁾	12/12/2011	Common Stock	1,426	$65.8	803	D
Non-Qualified Stock Option (right to buy)⁽¹⁾	$16.82	05/08/2008		M			600	⁽²⁾	12/12/2011	Common Stock	600	$65.77	203	D
Non-Qualified Stock Option (right to buy)⁽¹⁾	$16.82	05/08/2008		M			203	⁽²⁾	12/12/2011	Common Stock	203	$65.755	0	D
Non-Qualified Stock Option (right to buy)⁽¹⁾	$16.85	05/08/2008		M			508	⁽²⁾	02/25/2014	Common Stock	508	$65.71	5,436	D
Non-Qualified Stock Option (right to buy)⁽¹⁾	$16.85	05/08/2008		M			300	⁽²⁾	02/25/2014	Common Stock	300	$65.7075	5,136	D
Non-Qualified Stock Option (right to buy)⁽¹⁾	$16.85	05/08/2008		M			2,700	⁽²⁾	02/25/2014	Common Stock	2,700	$65.7	2,436	D
Non-Qualified Stock Option (right to buy)⁽¹⁾	$16.85	05/08/2008		M			300	⁽²⁾	02/25/2014	Common Stock	300	$65.73	2,136	D
Non-Qualified Stock Option (right to buy)⁽¹⁾	$20.6	05/08/2008		M			6,285	⁽²⁾	12/08/2014	Common Stock	6,285	$65.85	4,860	D
Non-Qualified Stock Option (right to buy)⁽¹⁾	$20.6	05/08/2008		M			200	⁽²⁾	12/08/2014	Common Stock	200	$65.84	4,660	D
Non-Qualified Stock Option (right to buy)⁽¹⁾	$20.6	05/08/2008		M			500	⁽²⁾	12/08/2014	Common Stock	500	$65.83	4,160	D
Non-Qualified Stock Option (right to buy)⁽¹⁾	$20.6	05/08/2008		M			1,374	⁽²⁾	12/08/2014	Common Stock	1,374	$65.8	2,786	D
Non-Qualified Stock Option (right to buy)⁽¹⁾	$21.58	05/08/2008		M			1,700	⁽³⁾	01/19/2011	Common Stock	1,700	$65.9	2,015	D
Non-Qualified Stock Option (right to buy)⁽¹⁾	$21.58	05/08/2008		M			100	⁽³⁾	01/19/2011	Common Stock	100	$65.89	1,915	D
Non-Qualified Stock Option (right to buy)⁽¹⁾	$21.58	05/08/2008		M			900	⁽³⁾	01/19/2011	Common Stock	900	$65.88	1,015	D
Non-Qualified Stock Option (right to buy)⁽¹⁾	$21.58	05/08/2008		M			200	⁽³⁾	01/19/2011	Common Stock	200	$65.86	815	D
Non-Qualified Stock Option (right to buy)⁽¹⁾	$21.58	05/08/2008		M			700	⁽³⁾	01/19/2011	Common Stock	700	$65.74	115	D
Non-Qualified Stock Option (right to buy)⁽¹⁾	$21.58	05/08/2008		M			100	⁽³⁾	01/19/2011	Common Stock	100	$65.72	15	D
Non-Qualified Stock Option (right to buy)⁽¹⁾	$21.58	05/08/2008		M			15	⁽³⁾	01/19/2011	Common Stock	15	$65.85	0	D

Explanation of Responses:

1. On March 2, 2006, Forest completed a spin-off transaction involving a wholly-owned subsidiary, which was subsequently merged with a subsidiary of Mariner Energy, Inc. The number and the exercise price of all outstanding stock options granted under Forest's equity incentive plans were adjusted to reflect the spin-off.

2. This option becomes exercisable in four equal installments on each of the first four anniversaries of the date of grant.

3. This option becomes exercisable in installments: 20 percent of this option vests immediately and the remaining 80 percent of this option vests in 20 percent increments on each of the first four anniversaries of the date of grant.

	By: Lizbeth J. Stenmark, attorney-in-fact For: Glen J. Mizenko	05/12/2008
	** 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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