Sec Form 4 Filing - OBRIEN ROBERT G @ FOREST CITY ENTERPRISES INC - 2013-01-22

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
OBRIEN ROBERT G
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 _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Exec VP & CFO
(Last) (First) (Middle)
50 PUBLIC SQUARE, SUITE 1100
3. Date of Earliest Transaction (MM/DD/YY)
01/22/2013
(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)
Code V Amount (A) or (D) Price
Class A Common Stock 48,277 I See footnote ( 1 )
Class A Common Stock 12/28/2012 G V 3,000 D $ 0 67,444 I See footnote ( 2 )
Class A Common Stock 22,328 D ( 3 )
Class A Common Stock 45,783 D ( 4 )
Class A Common Stock 65,744 D ( 5 )
Class A Common Stock 57,666 D ( 6 )
Class A Common Stock 07/06/2012 G V 320 A $ 0 9,847 I See footnote ( 7 )
Class A Common Stock 07/06/2012 G V 480 A $ 0 10,327 I See footnote ( 7 )
Class A Common Stock 07/06/2012 G V 320 A $ 0 9,863 I See footnote ( 8 )
Class A Common Stock 07/06/2012 G V 480 A $ 0 10,343 I See footnote ( 8 )
Class A Common Stock 07/06/2012 G V 160 A $ 0 9,703 I See footnote ( 9 )
Class A Common Stock 07/06/2012 G V 320 A $ 0 10,023 I See footnote ( 9 )
Class A Common Stock 07/06/2012 G V 320 A $ 0 10,343 I See footnote ( 9 )
Class A Common Stock 01/22/2013 M 43,200 A $ 15.5 92,488 D ( 10 )
Class A Common Stock 01/22/2013 S( 10 ) 43,200 D $ 17.203 49,288 D ( 10 )
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 01/22/2013 M 43,200 03/17/2005 03/17/2013 Class A Common 43,200 $ 0 0 D ( 11 )
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 ) 03/29/20 17 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 28,059 28,059 D ( 15 )
2009 Stock Option Grant (right to buy) $ 7.8 04/21/2011( 16 ) 04/21/2019 Class A Common 14,030 14,030 D ( 16 )
2010 Stock Option Grant (right to buy) $ 15.89 04/14/2012( 17 ) 04/14/2020 Class A Common 36,035 36,035 D ( 17 )
2011 Stock Option Grant (right to buy) $ 17.72 04/13/2013( 18 ) 04/13/2021 Class A Common 44,190 44,190 D ( 18 )
2012 Stock Option Grant (right to buy) $ 14.74 04/11/2014( 19 ) 04/11/2022 Class A Common 39,694 39,694 D ( 19 )
2012 Performance Shares $ 0 12/31/2015 08/08/1988( 20 ) Class A Common 24,875 24,875 D ( 20 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
OBRIEN ROBERT G
50 PUBLIC SQUARE, SUITE 1100
CLEVELAND, OH44113
Exec VP & CFO
Signatures
Geralyn M. Presti, Attorney-In-Fact for Robert G. O'Brien 01/24/2013
Signature of Reporting Person Date
Explanation of Responses:
( 1 )2008 GRAT for Robert G. O'Brien.
( 2 )Robert G. O'Brien Trust - account with Schwab . Adjusting balance to reflect correct number of shares, miscalculation after a transfer reported on a Form 4 - 5/2011 and an mathmatical error on Form 5 - 3/2012.
( 3 )2009 Restricted Stock Grant - 25% vest on 4/21/2011; 25% vest on 4/21/2012; and 50% vest on 4/21/2013.
( 4 )2010 Restricted Stock Grant - 25% vest on 4/14/2012; 25% vest on 4/14/2013; and 50% vest on 4/14/2014.
( 5 )2011 Restricted Stock Grant - 25% vest on 4/13/2013; 25% vest on 4/13/2014; and 50% vest on 4/13/2015.
( 6 )2012 Restricted Stock Grant - 25% vest on 4/11/2014; 25% vest on 4/11/2015; and 50% vest on 4/11/2016.
( 7 )Shares held by Robert L. O'Brien, son - Indirect
( 8 )Shares held by Kathleen G. O'Brien, daughter - Indirect
( 9 )Shares held by Sara F. O'Brien, daughter - Indirect
( 10 )Shares are held by Robert & Ann (wife) O'Brien in a street account at Commonwealth. 19,342 shares were moved to this account from the direct registration account with registered agent Wells Fargo. The price $17.203 represents a weighed average of sales prices ranging from $17.17 per share to $17.25 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.
( 11 )2003 Stock Option Grant - 25% exercisable 3/17/2005, 25% exercisable 3/17/2006, and 50% exercisable 3/17/2007.
( 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 )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.

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