X0306 4 2013-04-29 0000085974 RYLAND GROUP INC RYL 0001297494 NICHOLSON LARRY T 3011 TOWNSGATE ROAD SUITE 200 WESTLAKE VILLAGE CA 91361-3027 1 CEO & President Common Stock 2013-04-29 4 M 0 25000.0000 27.3800 A 316863.0000 D Common Stock 2013-04-29 4 D 0 25000.0000 45.9342 D 291863.0000 D Stock Options (Right to Buy) 27.3800 2013-04-29 4 M 0 25000.0000 27.3800 D 2013-10-01 Common Stock 25000.0000 25000.0000 D The price reported in Column 4 is a weighted average price. The prices actually received ranged from $45.900 to $46.040. The reporting person will provide the issuer, any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each price within the range. Includes 575 shares held by the Ryland Retirement Savings Opportunity Plan and allocated to the account of the Reporting Person pursuant to the conversion of shares of Series A ESOP Convertible Preferred Shares held by the Plan as required by Section 409(1)(3) of the Internal Revenue Code. The stock options vested in three equal installments on October 1, 2009, 2010, 2011. Timothy J. Geckle, as Attorney-in-Fact for Larry T. Nicholson 2013-05-01