X0303 4 2011-02-01 0000085974 RYLAND GROUP INC RYL 0001194703 HERNANDEZ ROLAND A 24025 PARK SORRENTO, SUITE 400 CALABASAS CA 91302 1 Common Stock 2011-02-01 4 A 0 616 18.26 A 14668 D Common Stock 9863 I Rabbi Trust Acquisition relates to a distribution pursuant to The Ryland Group, Inc. Non-Employee Director's Stock Unit Plan as part of a director's annual compensation. Shares held by the Ryland Executive and Director Deferred Compensation Plan and allocated to the account of the Reporting Person pursuant to the Plan. /s/ Sheri L. Markham, Attorney-In-Fact for Roland H. Hernandez 2011-02-02