Sec Form 4 Filing - RATNERSALZBERG DEBORAH @ Forest City Realty Trust, Inc. - 2017-04-08

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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
RATNERSALZBERG DEBORAH
2. Issuer Name and Ticker or Trading Symbol
Forest City Realty Trust, Inc. [ FCEA/FCEB]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Executive Vice President
(Last) (First) (Middle)
301 WATER ST SE SUITE 201
3. Date of Earliest Transaction (MM/DD/YY)
04/08/2017
(Street)
WASHINGTON, DC20003
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 511,282 I See footnote ( 1 )
Class A Common Stock 44,135 I See footnote ( 2 )
Class A Common Stock 11,656 I See footnote ( 2 )
Class A Common Stock 162,893 I See footnote ( 3 )
Class A Common Stock 432,258 I See footnote ( 4 )
Class A Common Stock 3,676 I See footnote ( 5 )
Class A Common Stock 7,352 I See footnote ( 6 )
Class A Common Stock 7,352 I See footnote ( 7 )
Class A Common Stock 04/08/2017 F 1,154 D $ 22.26 0 D ( 8 )
Class A Common Stock 3,315 D ( 9 )
Class A Common Stock 2,876 D ( 10 )
Class A Common Stock 5,252 D ( 11 )
Class A Common Stock 6,918 D ( 12 )
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
Class B Common - Convertible $ 0 ( 24 ) 08/08/1988( 24 ) 08/08/1988( 24 ) Common Stock 782,666 782,666 I See footnote ( 1 )
Class B Common - Convertible $ 0 ( 24 ) 08/08/1988( 24 ) 08/08/1988( 24 ) Common Stock 180 180 I See footnote ( 2 )
Class B Common - Convertible $ 0 ( 24 ) 08/08/1988( 24 ) 08/08/1988( 24 ) Common Stock 100,000 100,000 I See footnote ( 4 )
Class B Common - Convertible $ 0 ( 24 ) 08/08/1988( 24 ) 08/08/1988( 24 ) Common Stock 148,800 148,800 I See footnote ( 5 )
Class B Common - Convertible $ 0 ( 24 ) 08/08/1988( 24 ) 08/08/1988( 24 ) Common Stock 58,392 58,392 I See footnote ( 6 )
Class B Common - Convertible $ 0 ( 24 ) 08/08/1988( 24 ) 08/08/1988( 24 ) Common Stock 515,489 515,489 I See footnote ( 7 )
Class B Common - Convertible $ 0 ( 24 ) 08/08/1988( 24 ) 08/08/1988( 24 ) Common Stock 900 900 ( 13 ) D
Class B Common - Convertible $ 0 ( 24 ) 08/08/1988( 24 ) 08/08/1988( 24 ) Common Stock 5,040 5,040 I See footnote ( 14 )
Class B Common - Convertible $ 0 ( 24 ) 08/08/1988( 24 ) 08/08/1988( 24 ) Common Stock 33,834 33,834 I See footnote ( 15 )
Class B Common - Convertible $ 0 ( 24 ) 08/08/1988( 24 ) 08/08/1988( 24 ) Common Stock 33,514 33,514 I See footnote ( 16 )
Class B Common - Convertible $ 0 ( 24 ) 08/08/1988( 24 ) 08/08/1988( 24 ) Common Stock 179,140 179,140 I See footnote ( 17 )
2008 Stock Option Grant (right to buy) $ 36.38 06/18/2010( 18 ) 06/18/2018 Class A Common 9,599 9,599 D ( 18 )
2009 Stock Option Grant (right to buy) $ 7.8 04/21/2011( 18 ) 04/21/2019 Class A Common 4,800 4,800 D ( 18 )
2010 Stock Option Grant (right to buy) $ 15.89 04/14/2012( 18 ) 04/14/2020 Class A Common 8,002 8,002 D ( 18 )
2011 Stock Option Grant (right to buy) $ 17.72 04/13/2013( 18 ) 04/13/2021 Class A Common 9,146 9,146 D ( 18 )
2014 Performance Shares $ 0 12/31/2017 08/08/1988( 19 ) Class A Common 6,629 6,629 D ( 19 )
2015 Performance Shares $ 0 12/31/2017 08/08/1988( 20 ) Class A Common 5,752 5,752 D ( 20 )
2016 Performance Shares $ 0 12/31/2018 08/08/1988( 21 ) Class A Common 7,002 7,002 D ( 21 )
2017 Performance Shares $ 0 12/31/2019 08/08/1988 Class A Common 6,918 6,918 D ( 22 )
2015 Out Performance Shares $ 0 12/31/2017 08/08/1988( 23 ) Class A Common 14,000 14,000 D ( 23 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
RATNERSALZBERG DEBORAH
301 WATER ST SE SUITE 201
WASHINGTON, DC20003
X X Executive Vice President
Signatures
J. Matthew Shady, Attorney-In-Fact for Deborah Ratner-Salzberg 04/11/2017
Signature of Reporting Person Date
Explanation of Responses:
( 1 )U/A Deborah Ratner-Salzberg Trust dated 2/09/1987 - trust holds 511,282 Class A Common shares; Class B Common shares - 822 shares are held as a direct limited partner of RMS, Ltd; 403,844 shares are held as a limited partnersip interest in FCE Management, LP (a limited partner of RMS, Ltd.) and remaining 378,000 shares are held directly by the trust. 3,433 restricted shares vested on 4/08/2017, of those 1,154 shares were returned to the Company to cover taxes, the balance of the shares were moved to this account.
( 2 )Michael Salzberg (spouse) shares held directly in street accounts.
( 3 )Albert B. Ratner 1989 Grandchildren's Trust - for the Benefit of Anna Salzberg (daughter) 83,603 and Eric Salzberg (son) 79,290. Deborah Ratner-Salzberg disclaims any beneficial interest.
( 4 )Albert Ratner Remainder Interest Trust - for the benefit of Anna Salzberg (daughter) 216,129 Class A shares & 50,000 Class B shares, and Eric Salzberg (son) 216,129 Class A shares & 50,000 Class B shares. Deborah Ratner-Salzberg disclaims any beneficial interest.
( 5 )Albert B. Ratner 1986 Grandchildren's Trust - for the benefit of Anna Salzberg (daughter).
( 6 )Albert B. Ratner 1987 Family Trust - (Class B shares are held as a limited partner in RMS, Ltd.) for the benefit of Eric Salzberg (son). Deborah Ratner-Salzberg disclaims any beneficial interest.
( 7 )Albert B. Ratner 1999 Revocable Trust- 515,489 Class B shares are held as a limited partnership interest in FCE Management, L.P. limited partner of RMS, Ltd.; 255,222 shares for the benefit of Anna Salzberg (daughter), and 260,267 shares for the benefit of Eric Salzberg (son). Deborah Ratner-Salzberg disclaims any benefical interest. Deborah Ratner serves as an advisor to the trust. 7,352 Class A shares (3,676 - Anna & 3,676 - Eric) are not held as a limited partnership interest in FCE Management, LP.
( 8 )2013 Restricted Stock Grant - 25% vest on 4/08/2015; 25% vest on 4/08/2016; and 50% vest on 4/08/2017.
( 9 )2014 Restricted Stock Grant - 0% vest on 3/28/2015; 25% vest on 3/28/2016; 25% vest on 3/28/2017; and 50% vest on 3/28/2018.
( 10 )2015 Restricted Stock Grant - 25% vest on 3/26/2016; 25% vest on 3/26/2017; and 50% vest on 3/26/2018.
( 11 )2016 Restricted Stock Grant - 25% vest on 3/23/2017; 25% vest on 3/23/2018; and 50% vest on 3/23/2019.
( 12 )2017 Restricted Stock Grant - 25% vest on 3/24/2018; 25% vest on 3/24/2019; and 50% vest on 3/24/2020.
( 13 )General Partnership interest in RMS, Ltd., an Ohio limited partnership.
( 14 )Anna Salzberg (daughter), shares are held in street account at UBS Financial Services as limited partner in RMS, Ltd. Deborah Ratner-Salzberg disclaims any benefical interest.
( 15 )Albert B. Ratner 1989 Grandchildren's Trust - for the benefit of Anna Salzberg (daughter). Deborah Ratner-Salzberg disclaims any beneficial interest.
( 16 )Albert B. Ratner 1989 Grandchildren's Trust - for the benefit of Eric Salzberg (son). Deborah Ratner-Salzberg disclaims any beneficial interest.
( 17 )Albert B. Ratner 1989 Grandchildrens Trust - limited partnership interest in FCE Management, L.P. limited partner of RMS, Ltd., 44,367 shares are for the benefit of Anna Salzberg (daughter) and 134,773 shares are for the benefit of Eric Salzberg (son). Deborah Ratner-Salzberg disclaims any benefical interest.
( 18 )2008 Stock Option Grant - 25% exercisable 6/18/2010; 25% exercisable 6/18/2011; and 50% exercisable 6/18/2012. 2009 Stock Option Grant - 25% exercisable 4/21/2011; 25% exercisable 4/21/2012; and 50% exercisable 4/21/2013. 2010 Stock Option Grant - 25% exercisable 4/14/2012; 25% exercisable 4/14/2013; and 50% exercisable 4/14/2014. 2011 Stock Option Grant - 25% exercisable 4/13/2013; 25% exercisable 4/13/2014; and 50% exercisable 4/13/2015.
( 19 )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.
( 20 )Performance Shares Award - granted 3/26/2015 - performance period is from January 1, 2015 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 $24.62 per share. There is no fixed expiration date.
( 21 )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.
( 22 )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.
( 23 )Out Performance Shares Award - granted 3/27/2015 - performance period is from January 1, 2015 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 300% of the number of Performance Shares granted. Fair market value on date of grant is $25.31 per share. There is no fixed expiration date.
( 24 )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.

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