Sec Form 4 Filing - O'Brien Robert G. @ Forest City Realty Trust, Inc. - 2018-12-07

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
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
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
O'Brien Robert G.
2. Issuer Name and Ticker or Trading Symbol
Forest City Realty Trust, Inc. [ FCEA]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Exec VP & CFO
(Last) (First) (Middle)
127 PUBLIC SQUARE, SUITE 3100
3. Date of Earliest Transaction (MM/DD/YY)
12/07/2018
(Street)
CLEVELAND, OH44114
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)
Code V Amount (A) or (D) Price
Class A Common Stock 11/13/2018 G V 19,018 D $ 0 29,289 I See footnote ( 1 )
Class A Common Stock 12/07/2018 D( 18 ) 29,289 D 0 I See footnote ( 1 )
Class A Common Stock 12/07/2018 D( 18 ) 12,537 D 0 I See footnote ( 2 )
Class A Common Stock 12/07/2018 D( 18 ) 12,553 D 0 I See footnote ( 3 )
Class A Common Stock 12/07/2018 D( 18 ) 12,553 D 0 I See footnote ( 4 )
Class A Common Stock 11/08/2018 G V 12,063 D $ 0 243,092 D ( 5 )
Class A Common Stock 12/07/2018 D( 18 ) 243,092 D 0 D ( 5 )
Class A Common Stock 12/07/2018 D( 19 ) 7,163 D 0 D ( 6 )
Class A Common Stock 12/07/2018 D( 19 ) 10,015 D 0 D ( 7 )
Class A Common Stock 12/07/2018 D( 19 ) 14,372 D 0 D ( 8 )
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
2009 Stock Option Grant (right to buy) $ 7.8 12/07/2018 D( 20 ) 7,011 04/21/2011( 9 ) 04/21/2019 Class A Common 7,011 ( 20 ) 0 D ( 9 )
2010 Stock Option Grant (right to buy) $ 15.89 12/07/2018 D( 20 ) 26,893 04/14/2012( 10 ) 04/14/2020 Class A Common 26,893 ( 20 ) 0 D ( 10 )
2011 Stock Option Grant (right to buy) $ 17.72 12/07/2018 D( 20 ) 38,547 04/13/2013( 11 ) 04/13/2021 Class A Common 38,547 ( 20 ) 0 D ( 11 )
2012 Stock Option Grant (right to buy) $ 14.74 12/07/2018 D( 20 ) 39,694 04/11/2014( 12 ) 04/11/2022 Class A Common 39,694 ( 20 ) 0 D ( 12 )
2013 Stock Option Grant (right to buy) $ 17.6 12/07/2018 D( 20 ) 33,422 04/08/2015( 13 ) 04/08/2023 Class A Common 33,422 ( 20 ) 0 D ( 13 )
2014 Stock Option Grant (right to buy) $ 18.73 12/07/2018 D( 20 ) 31,620 03/28/2016( 14 ) 03/28/2024 Class A Common 31,620 ( 20 ) 0 D ( 14 )
2016 Performance Shares $ 0 12/07/2018 D( 21 ) 21,489 ( 21 ) 12/31/2018 08/08/1988( 15 ) Class A Common 21,489 ( 21 ) 0 D ( 15 )
2017 Performance Shares $ 0 12/07/2018 D( 21 ) 26,705 ( 21 ) 12/31/2019 08/08/1988( 16 ) Class A Common 20,029 ( 21 ) 0 D ( 16 )
2018 Performance Shares $ 0 12/07/2018 D( 21 ) 14,372 ( 21 ) 12/31/2020 08/08/1988( 17 ) Class A Common 21,558 ( 21 ) 0 D ( 17 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
O'Brien Robert G.
127 PUBLIC SQUARE, SUITE 3100
CLEVELAND, OH44114
Exec VP & CFO
Signatures
J. Matthew Shady, Attorney-In-Fact for Robert G. O'Brien 12/07/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Robert G. O'Brien Trust.
( 2 )Shares held by Robert L. O'Brien, son - Indirect.
( 3 )Shares held by Kathleen G. O'Brien, daughter - Indirect.
( 4 )Shares held by Sara F. O'Brien, daughter - Indirect.
( 5 )Shares are held by Robert & Ann (wife) O'Brien in a street account.
( 6 )2016 Restricted Stock Grant - 25% vest on 3/23/2017; 25% vest on 3/23/2018; and 50% vest on 3/23/2019.
( 7 )2017 Restricted Stock Grant - 25% vest on 3/24/2018; 25% vest on 3/24/2019; and 50% vest on 3/24/2020.
( 8 )2018 Restricted Stock Grant - 25% vest on 3/24/2019; 25% vest on 3/24/2020; and 50% vest on 3/24/2021.
( 9 )2009 Stock Option Grant - 25% exercisable 4/21/2011; 25% exercisable 4/21/2012; and 50% exercisable 4/21/2013.
( 10 )2010 Stock Option Grant - 25% exercisable 4/14/2012; 25% exercisable 4/14/2013; and 50% exercisable 4/14/2014.
( 11 )2011 Stock Option Grant - 25% exercisable 4/13/2013; 25% exercisable 4/13/2014; and 50% exercisable 4/13/2015.
( 12 )2012 Stock Option Grant - 25% exercisable 4/11/2014; 25% exercisable 4/11/2015; and 50% exercisable 4/11/2016.
( 13 )2013 Stock Option Grant - 25% exercisable 4/08/2015; 25% exercisable 4/08/2016; and 50% exercisable 4/08/2017.
( 14 )2014 Stock Option Grant - 25% exercisable 3/28/2016; 25% exercisable 3/28/2017; and 50% exercisable 3/28/2018.
( 15 )Performance Shares Award - granted 3/23/2016 - performance period is from January 1, 2016 to December 31, 2018. 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 $20.94 per share. There is no fixed expiration date.
( 16 )Performance Shares Award - granted 3/24/2017 - performance period is from January 1, 2017 to December 31, 2019. 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 $21.83 per share. There is no fixed expiration date.
( 17 )Performance Shares Award - granted 3/20/2018 - performance period is from January 1, 2018 to December 31, 2020. 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 $20.89 per share. There is no fixed expiration date.
( 18 )Pursuant to a Merger Agreement dated 7/30/2018, among issuer, Antlia Holdings, LLC and Antlia Merger Sub Inc. (the "Merger Agreement"), on December 7, 2018 at the effective time of the Merger (the "Effective Time"), all shares held as of the Effective Time entitled the holder to receive a cash payment of $25.35 per share (the "Merger Consideration") without interest.
( 19 )At the Effective Time of the Merger, pursuant to the terms of the Merger Agreement, the unvested restricted shares outstanding immediately prior to the Effective Time automatically vested and entitled the holder to the right to receive a cash payment of the Merger Consideration (as defined above), without interest and less any applicable tax withholdings
( 20 )At the Effective Time of the Merger, these stock options were cancelled and entitled the holder to receive a cash payment of the product of (a) the difference between Merger Consideration (as defined above) and the per share exercise price of the stock option, multiplied by (b) the number of shares subject to the stock option, without interest and less any applicable tax withholdings.
( 21 )At the Effective Time of the Merger, pro-rated amounts of 1/3 (at 200 % of target), 2/3 (at 200% of target) and 100% (at 100% of target) of the Performance Share Awards granted in 2018, 2017 and 2016, respectively, automatically vested and entitled the holder to receive a cash payment of the Merger Consideration (as defined above) per vested and awarded Performance Share, without interest and less any applicable tax withholding. Target amounts awarded were based on the Issuer's actual performance through the Effective Time, as reasonably determined in good faith by the compensation committee of the Board of Directors.

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.