Sec Form 4 Filing - ROSS STAN @ FOREST CITY ENTERPRISES INC - 2012-10-23

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 ROSS STAN 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) X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 2029 CENTURY PARK EAST, SUITE 1530 3. Date of Earliest Transaction (MM/DD/YY) 10/23/2012 (Street) LOS ANGELES, CA90067 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 2,516 D ( 1 ) Class A Common Stock 4,232 D ( 2 ) Class A Common Stock 10/23/2012 M 21,600 A $ 15.5 49,186 D ( 3 ) Class A Common Stock 10/23/2012 S( 3 ) 21,600 D $ 16.119 27,586 D ( 3 )

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 2003 Stock Option Grant (right to buy) $ 15.5 10/23/2012 M 21,600 03/17/2005( 4 ) 03/17/2013 Class A Common 21,600 $ 0 0 D ( 4 ) 2005 Stock Option Grant (right to buy) $ 31.75 04/06/2007( 5 ) 04/06/2015 Class A Common 10,800 10,800 D ( 5 ) 2006 Stock Option Grant (right to buy) $ 46.37 04/04/2008( 6 ) 04/04/2016 Class A Common 10,800 10,800 D ( 6 ) 2007 Stock Option Grant (right to buy) $ 65.35 03/29/2009( 7 ) 03/29/2017 Class A Common 10,800 10,800 D ( 7 ) 2008 Stock Option Grant (right to buy) $ 37.68 04/07/2009( 8 ) 04/07/2018 Class A Common 5,319 5,319 D ( 8 ) 2009 Stock Option Grant (right to buy) $ 7.8 04/21/2010( 9 ) 04/21/2019 Class A Common 10,966 10,966 D ( 9 ) 2010 Stock Option Grant (right to buy) $ 15.89 04/14/2011( 10 ) 04/14/2020 Class A Common 2,001 2,001 D ( 10 ) 2011 Stock Option Grant (right to buy) $ 17.72 04/13/2012( 11 ) 04/13/2021 Class A Common 2,231 2,231 D ( 11 ) 2012 Stock Option Grant (right to buy) $ 14.74 04/11/2013( 12 ) 04/11/2022 Class A Common 10,825 10,825 D ( 12 ) Phantom Stock Dividend Equivalent Rights $ 0 ( 15 ) 08/08/1988( 13 ) 08/08/1988( 14 ) Class A Common 12,381.56 12,381.56 ( 15 ) D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other ROSS STAN 2029 CENTURY PARK EAST, SUITE 1530 LOS ANGELES, CA90067 X Signatures Geralyn M. Presti, Attorney-In-Fact for Stan Ross 10/24/2012 Signature of Reporting Person Date

Explanation of Responses:

( 1 )2010 Restricted Stock Grant - 33.33% vest on 4/14/2011; 33.33% vest on 4/14/2012; and 33.33% vest on 4/14/2013. ( 2 )2011 Restricted Stock Grant - 33.33% vest on 4/13/2012; 33.33% vest on 4/13/2013; and 33.33% vest on 4/13/2014. ( 3 )Shares held direct in street account. The price $16.119 represents a weighed average of sales prices ranging from $16.07 per share to $16.19 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. ( 4 )2003 Stock Option Grant - 25% exercisable 3/17/2005, 25% exercisable 3/17/2006, and 50% exercisable 3/17/2007. ( 5 )2005 Stock Option Grant - 25% exercisable 4/06/2007; 25% exercisable 4/06/2008; and 50% exersicable 4/06/2009. ( 6 )2006 Stock Option Grant - 25% exercisable 4/04/2008; 25% exercisable 4/04/2009; and 50% exersicable 4/04/2010. ( 7 )2007 Stock Option Grant - 25% exercisable 3/29/2009; 25% exercisable 3/29/2010; and 50% exercisable 3/29/2011. ( 8 )2008 Stock Option Grant - 33.33% exercisable 4/07/2009; 33.33% exercisable 4/07/2010; and 33.33% exercisable 4/07/2011. ( 9 )2009 Stock Option Grant - 33.33% exercisable 4/21/2010; 33.33% exercisable 4/21/2011; and 33.33% exercisable 4/21/2012. ( 10 )2010 Stock Option Grant - 33.33% exercisable 4/14/2011; 33.33% exercisable 4/14/2012; and 33.33% exercisable 4/14/2013. ( 11 )2011 Stock Option Grant - 33.33% exercisable 4/13/2012; 33.33% exercisable 4/13/2013; and 33.33% exercisable 4/13/2014. ( 12 )2012 Stock Option Grant - 33.33% exercisable 4/11/2013; 33.33% exercisable 4/11/2014; and 33.33% exercisable 4/11/2015. ( 13 )Exercisable at retirement, termination, death or disability. ( 14 )No present expiration date. ( 15 )Phantom Stock - 1-for-1 - Deferred compensation plan contributions. Plan requires participants to make a annual defined election. Mr. Ross is currently not contributing to the Plan.

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).

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