FORM 4
[ X ] 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 OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Passen Andrew J
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 - Human Resources
(Last)          (First)          (Middle)

50 PUBLIC SQUARE, SUITE 1100
3. Date of Earliest Transaction (MM/DD/YYYY)

12/17/2015
(Street)

CLEVELAND, OH 44113
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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                  3960   D   (1)
 
Class A Common Stock                  4974   D   (2)
 
Class A Common Stock                  6232   D   (3)
 
Class A Common Stock                  4741   D   (4)
 
Class A Common Stock   12/17/2015     S    5366   D $21.76   (5) 29932   D   (5)
 

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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
2006 Stock Option Grant (right to buy)   $46.37                    4/4/2008   (6) 4/4/2016   Class A Common   17500     17500   D   (6)
 
2007 Stock Option Grant (right to buy)   $65.35                    3/29/2009   (7) 3/29/2017   Class A Common   17500     17500   D   (7)
 
2008 Stock Option Grant (right to buy)   $36.38                    6/18/2010   (8) 6/18/2018   Class A Common   8860     8860   D   (8)
 
2009 Stock Option Grant (right to buy)   $7.80                    4/21/2011   (9) 4/21/2019   Class A Common   4430     4430   D   (9)
 
2010 Stock Option Grant (right to buy)   $15.89                    4/14/2012   (10) 4/14/2020   Class A Common   7387     7387   D   (10)
 
2011 Stock Option Grant (right to buy)   $17.72                    4/13/2013   (11) 4/13/2021   Class A Common   9105     9105   D   (11)
 
2012 Performance Shares   $0                    12/31/2015   8/8/1988   (12) Class A Common   7919     7919   D   (12)
 
2013 Performance Shares   $0                    12/31/2016   8/8/1988   (13) Class A Common   6282     6282   D   (13)
 
2014 Performance Shares   $0                    12/31/2017   8/8/1988   (14) Class A Common   6232     6232   D   (14)
 
2015 Performance Shares   $0                    12/31/2017   8/8/1988   (15) Class A Common   4741     4741   D   (15)
 

Explanation of Responses:
( 1)  2012 Restricted Stock Grant - 25% vest on 4/11/2014; 25% vest on 4/11/2015; and 50% vest on 4/11/2016.
( 2)  2013 Restricted Stock Grant - 25% vest on 4/08/2015; 25% vest on 4/08/2016; and 50% vest on 4/08/2017.
( 3)  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.
( 4)  2015 Restricted Stock Grant - 25% vest on 3/26/2016; 25% vest on 3/26/2017; and 50% vest on 3/26/2018.
( 5)  Shares are held in street account with Securities America. The price $21.76 represents a weighed average of sales prices ranging from $21.74 per share to $21.77 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.
( 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 - 25% exercisable 6/18/2010; 25% exercisable 6/18/2011; and 50% exercisable 6/18/2012.
( 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)  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.
( 13)  Performance Shares Award - granted 4/08/2013 - performance period is from February 1, 2013 to December 31, 2016. 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 $17.60 per share. There is no fixed expiration date.
( 14)  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.
( 15)  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.

Remarks:
Andrew Passen will be retiring from the Company effective 12/31/2015 and will no longer be subject to Section 16 filing requirements.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Passen Andrew J
50 PUBLIC SQUARE, SUITE 1100
CLEVELAND, OH 44113


Exec VP - Human Resources

Signatures
Geralyn M. Presti, Attorney-In-Fact for Andrew J. Passen 12/23/2015
** Signature of Reporting Person Date


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 control number.
Forest City (NYSE:FCEB)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Forest City Charts.
Forest City (NYSE:FCEB)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Forest City Charts.