Sec Form 4 Filing - PRESTI GERALYN M @ FOREST CITY ENTERPRISES INC - 2012-12-20

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 PRESTI GERALYN M 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) Exec. V.P.; Sec & Gen Counsel (Last) (First) (Middle) 50 PUBLIC SQUARE, SUITE 1100 3. Date of Earliest Transaction (MM/DD/YY) 12/20/2012 (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 3,698 D ( 1 ) Class A Common Stock 3,251 D ( 2 ) Class A Common Stock 5,248 D ( 3 ) Class A Common Stock 7,220 D ( 4 ) Class A Common Stock 12/20/2012 G V 1,767 D $ 0 7,800 D ( 5 ) Class A Common Stock 12/26/2012 G V 62 D $ 0 7,738 D ( 5 ) Class A Common Stock 01/10/2013 M 1,810 A $ 15.5 9,548 D ( 5 ) Class A Common Stock 01/10 /2013 S 400 D $ 16.961 9,148 D ( 5 ) Class A Common Stock 01/10/2013 S 1,410 D $ 16.962 7,738 D ( 5 )

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 01/10/2013 M 1,810 03/17/2005( 6 ) 03/17/2013 Class A Common 1,810 $ 0 0 D ( 6 ) 2005 Stock Option Grant (right to buy) $ 31.75 04/06/2007( 7 ) 04/06/2015 Class A Common 15,000 15,000 D ( 7 ) 2006 Stock Option Grant (right to buy) $ 46.37 04/04/2008( 8 ) 04/04/2016 Class A Common 15,000 15,000 D ( 8 ) 2007 Stock Option Grant (right to buy) $ 65.35 03/29/2009( 9 ) 03/29/2017 Class A Common 15,000 15,000 D ( 9 ) 2008 Stock Option Grant (right to buy) $ 36.38 06/18/2010( 10 ) 06/18/2018 Class A Common 6,891 6,891 D ( 10 ) 2009 Stock Option Grant (right to buy) $ 7.8 04/21/2011( 11 ) 04/21/2019 Class A Common 3,446 3,446 D ( 11 ) 2010 Stock Option Grant (right to buy) $ 15.89 04/14/2012( 12 ) 04/14/2020 Class A Common 6,894 6,894 D ( 12 ) 2011 Stock Option Grant (right to buy) $ 17.72 04/13/2013( 13 ) 04/13/2021 Class A Common 8,302 8,302 D ( 13 ) 2012 Performance Shares $ 0 12/31/2015 08/08/1988( 14 ) Class A Common 7,220 7,220 D ( 14 ) Class B Common - Convertible ( 15 ) $ 0 ( 15 ) 01/10/2013 S 1,236.2125 08/08/1988 08/08/1988 Common Stock 1,236.2125 $ 18.4291 0 I 401k Plan ( 16 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other PRESTI GERALYN M 50 PUBLIC SQUARE, SUITE 1100 CLEVELAND, OH44113 X Exec. V.P.; Sec & Gen Counsel Signatures Geralyn M. Presti, Executive Vice President, Secretary & General Counsel 01/14/2013 Signature of Reporting Person Date

Explanation of Responses:

( 1 )2009 Restricted Stock Grant - 25% vest on 4/21/2011; 25% vest on 4/21/2012; and 50% vest on 4/21/2013. ( 2 )2010 Restricted Stock Grant - 25% vest on 4/14/2012; 25% vest on 4/14/2013; and 50% vest on 4/14/2014. ( 3 )2011 Restricted Stock Grant - 25% vest on 4/13/2013; 25% vest on 4/13/2014; and 50% vest on 4/13/2015. ( 4 )2012 Restricted Stock Grant - 25% vest on 4/11/2014; 25% vest on 4/11/2015; and 50% vest on 4/11/2016. ( 5 )Shares held in street account with Securities America. Shares from DRS account with transfer agent Wells Fargo were moved to this account. ( 6 )2003 Stock Option Grant - 25% exercisable 3/17/2005; 25% exercisable 3/17/2006; and 50% exercisable 3/17/2007. ( 7 )2005 Stock Option Grant - 25% exercisable 4/06/2007; 25% exercisable 4/06/2008; and 50% exersicable 4/06/2009. ( 8 )2006 Stock Option Grant - 25% exercisable 4/04/2008; 25% exercisable 4/04/2009; and 50% exersicable 4/04/2010. ( 9 )2007 Stock Option Grant - 25% exercisable 3/29/2009; 25% exercisable 3/29/2010; and 50% exercisable 3/29/2011. ( 10 )2008 Stock Option Grant - 25% exercisable 6/18/2010; 25% exercisable 6/18/2011; and 50% exercisable 6/18/2012. ( 11 )2009 Stock Option Grant - 25% exercisable 4/21/2011; 25% exercisable 4/21/2012; and 50% exercisable 4/21/2013. ( 12 )2010 Stock Option Grant - 25% exercisable 4/14/2012; 25% exercisable 4/14/2013; and 50% exercisable 4/14/2014. ( 13 )2011 Stock Option Grant - 25% exercisable 4/13/2013; 25% exercisable 4/13/2014; and 50% exercisable 4/13/2015. ( 14 )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. ( 15 )Stocks are convertible from Class B to Class A on a 1-for-1 basis. ( 16 )Class B Common Stock - 401k account - Held indirect. Adjusted for excess contribution.

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.