X0202 4 2006-12-14 0000038079 FOREST OIL CORP FST 0000944423 ANSCHUTZ PHILIP F 555 SEVENTEENTH STREET DENVER CO 80210 0 0 1 0 Forward Sale Contract (obligation to sell) 2006-12-14 4 J 0 125000 D 2009-10-13 Common Stock 125000 125000 I By The Anschutz Corporation Forward Sale Contract (obligation to sell) 2006-12-14 4 J 0 125000 D 2009-10-14 Common Stock 125000 125000 I By The Anschutz Corporation Forward Sale Contract (obligation to sell) 2006-12-14 4 J 0 125000 D 2009-12-14 Common Stock 125000 125000 I By The Anschutz Corporation Forward Sale Contract (obligation to sell) 2006-12-14 4 J 0 125000 D 2009-12-15 Common Stock 125000 125000 I By The Anschutz Corporation Forward Sale Contract (obligation to sell) 2006-12-14 4 J 0 125000 D 2010-02-11 Common Stock 125000 125000 I By The Anschutz Corporation Forward Sale Contract (obligation to sell) 2006-12-14 4 J 0 125000 D 2010-02-12 Common Stock 125000 125000 I By The Anschutz Corporation On December 14, 2006, The Anschutz Corporation entered into a forward sale contract (the "Contract") that relates to an aggregate of 750,000 shares of common stock. The Contract provides that The Anschutz Corporation will deliver on each of six days (each such day is referred to herein as a "Settlement Date"), a number of shares of common stock equal to (i) the applicable Base Amount (as hereinafter defined), and (ii) the applicable Exchange Rate, which will be determined as follows: (a) If the closing price (the "Settlement Price") of the common stock on the relevant Valuation Date (as hereinafter defined) is less than or equal to $35.4350 (the "Forward Floor Price"), the Exchange Rate will be one; (b) If the Settlement Price is greater than the Forward Floor Price but less than or equal to $44.2938 (the "Forward Cap Price"), the Exchange Rate will be equal to the Forward Floor Price divided by the Settlement Price; and (c) If the Settlement Price is greater than the Forward Cap Price, the Exchange Rate will be equal to the Adjusted Forward Floor Price (as hereinafter defined) divided by the Settlement Price. The Adjusted Forward Floor Price will be equal to the Forward Floor Price plus the Settlement Price minus the Forward Cap Price. The "Base Amount" for each of the six Settlement Dates equals 125,000. The Valuation Date for each Settlement Date is set forth in Column 6 of Table II of this Form 4 under "Expiration Date." In consideration therefor, The Anschutz Corporation will receive on December 19, 2006 an aggregate prepayment amount of $22,935,303.75. In the event of the payment of dividends (whether cash or in-kind), stock splits, reverse stock splits, spinoffs, mergers or similar events affecting the common stock, the Base Amounts and one or more of the Settlement Price, Forward Floor Price and Forward Cap Price are subject to adjustment depending on the nature of the transaction. The Anschutz Corporation has pledged 750,000 shares of common stock to secure its obligations under the Contract. Philip F. Anschutz owns 100% of the capital stock of Anschutz Company, which owns 100% of the capital stock of The Anschutz Corporation. The Anschutz Corporation is the registered owner of the securities indicated. Thomas A. Richardson, as Attorney-in-Fact for Philip F. Anschutz 2006-12-18