Sec Form 4 Filing - RATNER JAMES A @ FOREST CITY ENTERPRISES INC

Insider filing report for Changes in Beneficial Ownership

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FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person

RATNER JAMES A

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)

_____ Director	X __ 10% Owner
X __ Officer (give title below)	_____ Other (specify below)
Executive Vice President

(Last)

(First)

(Middle)

50 PUBLIC SQUARE, SUITE 1100

3. Date of Earliest Transaction (MM/DD/YY)
08/13/2014

(Street)

CLEVELAND, OH44113

4. If Amendment, Date Original Filed (MM/DD/YY)

6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

**Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned**
1.Title of Security (Instr. 3)	2. Transaction Date (MM/DD/YY)	2A. Deemed Execution Date, if any (MM/DD/YY)	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 (MM/DD/YY)	2A. Deemed Execution Date, if any (MM/DD/YY)	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)
Class A Common Stock								319,239	I	See footnote ^{( 1 )}
Class A Common Stock								95,694	I	See footnote ^{( 2 )}
Class A Common Stock								217,328	I	See footnote ^{( 3 )}
Class A Common Stock								26,240	I	See footnote ^{( 4 )}
Class A Common Stock	08/13/2014		S		36,000	D	$ 19.59 ^{( 5 )}	76,525	I	See footnote ^{( 5 )}
Class A Common Stock								2,540	D ^{( 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 (MM/DD/YY)	3A. Deemed Execution Date, if any (MM/DD/YY)	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 (MM/DD/YY)		7. Title and Amount of Underlying Securities (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 of Derivative Security: 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 (MM/DD/YY)	3A. Deemed Execution Date, if any (MM/DD/YY)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)
Class B Common - Convertible	$ 0 ^{( 25 )}							08/08/1988^{( 25 )}	08/08/1988^{( 25 )}	Common Stock	556,833		556,833	I	See footnote ^{( 1 )}
Class B Common - Convertible	$ 0 ^{( 25 )}							08/08/1988^{( 25 )}	08/08/1988^{( 25 )}	Common Stock	484,695		484,695	I	See footnote ^{( 7 )}
Class B Common - Convertible	$ 0 ^{( 25 )}							08/08/1988^{( 25 )}	08/08/1988^{( 25 )}	Common Stock	784		784	I	See footnote ^{( 8 )}
Class B Common - Convertible	$ 0 ^{( 25 )}							08/08/1988^{( 25 )}	08/08/1988^{( 25 )}	Common Stock	5,992		5,992	I	See footnote ^{( 9 )}
Class B Common - Convertible	$ 0 ^{( 25 )}							08/08/1988^{( 25 )}	08/08/1988^{( 25 )}	Common Stock	5,992		5,992	I	See footnote ^{( 4 )}
Class B Common - Convertible	$ 0 ^{( 25 )}							08/08/1988^{( 25 )}	08/08/1988^{( 25 )}	Common Stock	260,235		260,235	I	See footnote ^{( 10 )}
Class B Common - Convertible	$ 0 ^{( 25 )}							08/08/1988^{( 25 )}	08/08/1988^{( 25 )}	Common Stock	260,235		260,235	I	See footnote ^{( 11 )}
Class B Common - Convertible	$ 0 ^{( 25 )}							08/08/1988^{( 25 )}	08/08/1988^{( 25 )}	Common Stock	38,451		38,451	I	See footnote
2005 Stock Option Grant (right to buy)	$ 31.75							04/06/2007^{( 12 )}	04/06/2015	Class A Common	25,200		25,200	D ^{( 12 )}
2006 Stock Option Grant (right to buy)	$ 46.37							04/04/2008^{( 13 )}	04/04/2016	Class A Common	25,200		25,200	D ^{( 13 )}
2007 Stock Option Grant (right to buy)	$ 65.35							03/29/2009^{( 14 )}	03/29/2017	Class A Common	25,200		25,200	D ^{( 14 )}
2008 Stock Option Grant (right to buy)	$ 36.38							06/18/2010^{( 15 )}	06/18/2018	Class A Common	17,721		17,721	D ^{( 15 )}
2009 Stock Option Grant (right to buy)	$ 7.8							04/21/2011^{( 16 )}	04/21/2019	Class A Common	21,797		21,797	D ^{( 16 )}
2010 Stock Option Grant (right to buy)	$ 15.89							04/14/2012^{( 17 )}	04/14/2020	Class A Common	36,635		36,635	D ^{( 17 )}
2011 Stock Option Grant (right to buy)	$ 17.72							04/13/2013^{( 18 )}	04/13/2021	Class A Common	24,103		24,103	D ^{( 18 )}
2012 Stock Option Grant (right to buy)	$ 14.74							04/11/2014^{( 19 )}	04/11/2022	Class A Common	32,477		32,477	D ^{( 19 )}
2013 Stock Option Grant (right to buy)	$ 17.6							04/08/2015^{( 20 )}	04/08/2023	Class A Common	30,384		30,384	D ^{( 20 )}
2014 Stock Option Grant (right to buy)	$ 18.73							03/28/2016^{( 21 )}	03/28/2024	Class A Common	28,745		28,745	D ^{( 21 )}
2012 Performance Shares	$ 0							12/31/2015	08/08/1988^{( 22 )}	Class A Common	20,352		20,352	D ^{( 22 )}
2013 Performance Shares	$ 0							12/31/2016	08/08/1988^{( 23 )}	Class A Common	17,940		17,940	D ^{( 23 )}
2014 Performance Shares	$ 0							12/31/2017	08/08/1988^{( 24 )}	Class A Common	17,796		17,796	D ^{( 24 )}

**Reporting Owners**
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
RATNER JAMES A 50 PUBLIC SQUARE, SUITE 1100 CLEVELAND, OH44113		X	Executive Vice President

**Signatures**
Geralyn M. Presti, Attorney-in-Fact for James A. Ratner		08/14/2014
Signature of Reporting Person		Date

Explanation of Responses:

( 1 )James Ratner Revocable Trust dated 12/04/1981.
( 2 )Held by spouse at street account with McDonald Investment.
( 3 )Austin G. Ratner 1992 Trust - James A. Ratner (father) is trust advisor. James Ratner disclaims any beneficial interest.
( 4 )Max Ratner 1986 Family Trust for the Benefit of Daniel Ratner (adult child of James Ratner) - James Ratner is trustee. James Ratner disclaims any beneficial interest.
( 5 )Max Ratner 1988 Grandchildren's Trust for the Benefit of Daniel Ratner (adult child of James Ratner) - James Ratner is trustee. James Ratner disclaims any beneficial interest. The price $19.59 represents a weighed average of sales prices ranging from $19.595 per share to $19.66 per share. Full information regarding the number of shares sold at each separate price will be provided to the SEC, the issuer or a security holder of the issuer upon request.
( 6 )2011 Restricted Stock Grant - 25% vest on 4/13/2013; 25% vest on 4/13/2014; and 50% vest on 4/13/2015.
( 7 )James Ratner Revocable Trust dated 12/04/1981. Held as a limited partnership interest in FCE Management, L.P., a limited partnership that is a limited partner in RMS, Ltd.
( 8 )James Ratner Revocable Trust dated 12/04/1981. Held as a limited partnership interest in RMS, Ltd.
( 9 )Max Ratner 1986 Family Trust for the benefit of Austin Ratner (son) - James Ratner is Trustee. James Ratner disclaims any beneficial interest.
( 10 )Max Ratner Family 1999 Irrev .Trust for the benefit of Austin Ratner (son) - James Ratner is Trustee. James Ratner disclaims any beneficial interest.
( 11 )Max Ratner Family 1999 Irrev .Trust for the benefit of DanielRatner (son) - James Ratner is Trustee. James Ratner disclaims any beneficial interest.
( 12 )2005 Stock Option Grant - 25% exercisable 4/06/2007; 25% exercisable 4/06/2008; and 50% exersicable 4/06/2009.
( 13 )2006 Stock Option Grant - 25% exercisable 4/04/2008; 25% exercisable 4/04/2009; and 50% exersicable 4/04/2010.
( 14 )2007 Stock Option Grant - 25% exercisable 3/29/2009; 25% exercisable 3/29/2010; and 50% exercisable 3/29/2011.
( 15 )2008 Stock Option Grant - 25% exercisable 6/18/2010; 25% exercisable 6/18/2011; and 50% exercisable 6/18/2012.
( 16 )2009 Stock Option Grant - 25% exercisable 4/21/2011; 25% exercisable 4/21/2012; and 50% exercisable 4/21/2013.
( 17 )2010 Stock Option Grant - 25% exercisable 4/14/2012; 25% exercisable 4/14/2013; and 50% exercisable 4/14/2014.
( 18 )2011 Stock Option Grant - 25% exercisable 4/13/2013; 25% exercisable 4/13/2014; and 50% exercisable 4/13/2015.
( 19 )2012 Stock Option Grant - 25% exercisable 4/11/2014; 25% exercisable 4/11/2015; and 50% exercisable 4/11/2016.
( 20 )2013 Stock Option Grant - 25% exercisable 4/08/2015; 25% exercisable 4/08/2016; and 50% exercisable 4/08/2017.
( 21 )2014 Stock Option Grant - 0% exercisable 3/28/2015; 25% exercisable 3/28/2016; 25% exercisable 3/28/2017; and 50% exercisable 3/28/2018.
( 22 )Performance Shares Award - granted 4/11/2012 - performance period is from February 1, 2012 to December 31, 2015. Awards will be available to the grantee at the end of the performance period provided that certain performance criteria are met. The actual number of shares earned could range from 0 to 200% of the number of Performance Shares granted. Fair market value on date of grant is $14.74 per share. There is no fixed expiration date.
( 23 )Performance Shares Award - granted 4/08/2013 - performance period is from February 1, 2013 to December 31, 2016. Awards will be available to the grantee at the end of the performance period provided that certain performance criteria are met. The actual number of shares earned could range from 0 to 200% of the number of Performance Shares granted. Fair market value on date of grant is $17.60 per share. There is no fixed expiration date.
( 24 )Performance Shares Award - granted 3/28/2014 - performance period is from January 1, 2014 to December 31, 2017. Awards will be available to the grantee at the end of the performance period provided that certain performance criteria are met. The actual number of shares earned could range from 0 to 200% of the number of Performance Shares granted. Fair market value on date of grant is $18.73 per share. There is no fixed expiration date.
( 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.

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).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Sec Form 4 Filing - RATNER JAMES A @ FOREST CITY ENTERPRISES INC - 2014-08-13