| | | | | | | | | | | | | | | | | | | | | |
Ownership Document |
Schema Version: X0202 |
Document Type: 4 |
Period of Report: 4/14/05 |
Issuer: |
| Issuer CIK: 38067 |
| Issuer Name: FOREST CITY ENTERPRISES INC |
| Issuer Trading Symbol: FCEA/FCEB |
Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1217466 |
| | Owner Name: RATNERSALZBERG DEBORAH |
| Reporting Owner Address: |
| | Owner Street 1: 1615 L STREET NW, SUITE 400 |
| | Owner Street 2: |
| | Owner City: WASHINGTON |
| | Owner State: DC |
| | Owner ZIP Code: 20036 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? Yes |
| | Is Officer? No |
| | Is Ten Percent Owner? Yes |
| | Is Other? No |
Non-Derivative Table: |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Class A Common Stock |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 413,056 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: See footnote |
| Footnote ID: F2 |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Class A Common Stock |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 1,750 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: See footnote |
| Footnote ID: F3 |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Class A Common Stock |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 28,111 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: See footnote |
| Footnote ID: F4 |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Class A Common Stock |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 9,825 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: See footnote |
| Footnote ID: F5 |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Class A Common Stock |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 1,596 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: See footnote |
| Footnote ID: F6 |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Class A Common Stock |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 416,130 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: See footnote |
| Footnote ID: F7 |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Class A Common Stock |
| | Transaction Date: |
| | | Value: 4/14/05 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: S |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 5,000 |
| | | Transaction Price Per Share: |
| Value: 62.50 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 40,000 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: See footnote |
| Footnote ID: F8 |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Class A Common Stock |
| | Transaction Date: |
| | | Value: 4/14/05 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: S |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 5,000 |
| | | Transaction Price Per Share: |
| Value: 62.50 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 35,000 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: See footnote |
| Footnote ID: F8 |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Class A Common Stock |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 7,978 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| | | Nature of Ownership: |
| Value: |
Derivative Table: |
| Derivative Holding: |
| | Security Title: |
| | | Value: Class B Common - Convertible |
| | Conversion or Exercise Price: |
| | | Value: 0 |
| | | Footnote ID: F26 |
| | Exercise Date: |
| | | Value: 8/8/88 |
| | | Footnote ID: F26 |
| | Expiration Date: |
| | | Value: 8/8/88 |
| | | Footnote ID: F26 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 450 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 450 |
| Footnote ID: F1 |
| Footnote ID: F9 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| | | Nature of Ownership: |
| Value: |
| Derivative Holding: |
| | Security Title: |
| | | Value: Class B Common - Convertible |
| | Conversion or Exercise Price: |
| | | Value: 0 |
| | | Footnote ID: F26 |
| | Exercise Date: |
| | | Value: 8/8/88 |
| | | Footnote ID: F26 |
| | Expiration Date: |
| | | Value: 8/8/88 |
| | | Footnote ID: F26 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 188,464 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 188,464 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: See footnote |
| Footnote ID: F9 |
| Derivative Holding: |
| | Security Title: |
| | | Value: Class B Common - Convertible |
| | Conversion or Exercise Price: |
| | | Value: 0 |
| | | Footnote ID: F26 |
| | Exercise Date: |
| | | Value: 8/8/88 |
| | | Footnote ID: F26 |
| | Expiration Date: |
| | | Value: 8/8/88 |
| | | Footnote ID: F26 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 137,526 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 137,526 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: See footnote |
| Footnote ID: F10 |
| Derivative Holding: |
| | Security Title: |
| | | Value: Class B Common - Convertible |
| | Conversion or Exercise Price: |
| | | Value: 0 |
| | | Footnote ID: F26 |
| | Exercise Date: |
| | | Value: 8/8/88 |
| | | Footnote ID: F26 |
| | Expiration Date: |
| | | Value: 8/8/88 |
| | | Footnote ID: F26 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 46,994 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 46,994 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: See footnote |
| Footnote ID: F11 |
| Derivative Holding: |
| | Security Title: |
| | | Value: Class B Common - Convertible |
| | Conversion or Exercise Price: |
| | | Value: 0 |
| | | Footnote ID: F26 |
| | Exercise Date: |
| | | Value: 8/8/88 |
| | | Footnote ID: F26 |
| | Expiration Date: |
| | | Value: 8/8/88 |
| | | Footnote ID: F26 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 74,400 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 74,400 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: See footnote |
| Footnote ID: F12 |
| Derivative Holding: |
| | Security Title: |
| | | Value: Class B Common - Convertible |
| | Conversion or Exercise Price: |
| | | Value: 0 |
| | | Footnote ID: F26 |
| | Exercise Date: |
| | | Value: 8/8/88 |
| | | Footnote ID: F26 |
| | Expiration Date: |
| | | Value: 8/8/88 |
| | | Footnote ID: F26 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 3,201 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 3,201 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: See footnote |
| Footnote ID: F13 |
| Derivative Holding: |
| | Security Title: |
| | | Value: Class B Common - Convertible |
| | Conversion or Exercise Price: |
| | | Value: 0 |
| | | Footnote ID: F26 |
| | Exercise Date: |
| | | Value: 8/8/88 |
| | | Footnote ID: F26 |
| | Expiration Date: |
| | | Value: 8/8/88 |
| | | Footnote ID: F26 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 70,200 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 70,200 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: See footnote |
| Footnote ID: F14 |
| Derivative Holding: |
| | Security Title: |
| | | Value: Class B Common - Convertible |
| | Conversion or Exercise Price: |
| | | Value: 0 |
| | | Footnote ID: F26 |
| | Exercise Date: |
| | | Value: 8/8/88 |
| | | Footnote ID: F26 |
| | Expiration Date: |
| | | Value: 8/8/88 |
| | | Footnote ID: F26 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 2,520 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 2,520 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: See footnote |
| Footnote ID: F15 |
| Derivative Holding: |
| | Security Title: |
| | | Value: Class B Common - Convertible |
| | Conversion or Exercise Price: |
| | | Value: 0 |
| | | Footnote ID: F26 |
| | Exercise Date: |
| | | Value: 8/8/88 |
| | | Footnote ID: F26 |
| | Expiration Date: |
| | | Value: 8/8/88 |
| | | Footnote ID: F26 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 40,970 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 40,970 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: See footnote |
| Footnote ID: F16 |
| Derivative Holding: |
| | Security Title: |
| | | Value: Class B Common - Convertible |
| | Conversion or Exercise Price: |
| | | Value: 0 |
| | | Footnote ID: F26 |
| | Exercise Date: |
| | | Value: 8/8/88 |
| | | Footnote ID: F26 |
| | Expiration Date: |
| | | Value: 8/8/88 |
| | | Footnote ID: F26 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 40,968 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 40,968 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: See footnote |
| Footnote ID: F18 |
| Derivative Holding: |
| | Security Title: |
| | | Value: Class B Common - Convertible |
| | Conversion or Exercise Price: |
| | | Value: 0 |
| | | Footnote ID: F26 |
| | Exercise Date: |
| | | Value: 8/8/88 |
| | | Footnote ID: F26 |
| | Expiration Date: |
| | | Value: 8/8/88 |
| | | Footnote ID: F26 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 29,196 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 29,196 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: See footnote |
| Footnote ID: F17 |
| Derivative Holding: |
| | Security Title: |
| | | Value: Class B Common - Convertible |
| | Conversion or Exercise Price: |
| | | Value: 0 |
| | | Footnote ID: F26 |
| | Exercise Date: |
| | | Value: 8/8/88 |
| | | Footnote ID: F26 |
| | Expiration Date: |
| | | Value: 8/8/88 |
| | | Footnote ID: F26 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 100,071 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 100,071 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: See footnote |
| Footnote ID: F18 |
| Derivative Holding: |
| | Security Title: |
| | | Value: Class B Common - Convertible |
| | Conversion or Exercise Price: |
| | | Value: 0 |
| | | Footnote ID: F26 |
| | Exercise Date: |
| | | Value: 8/8/88 |
| | | Footnote ID: F26 |
| | Expiration Date: |
| | | Value: 8/8/88 |
| | | Footnote ID: F26 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 16,067 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 16,067 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: See footnote |
| Footnote ID: F19 |
| Derivative Holding: |
| | Security Title: |
| | | Value: Class B Common - Convertible |
| | Conversion or Exercise Price: |
| | | Value: 0 |
| | | Footnote ID: F26 |
| | Exercise Date: |
| | | Value: 8/8/88 |
| | | Footnote ID: F26 |
| | Expiration Date: |
| | | Value: 8/8/88 |
| | | Footnote ID: F26 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 60,842 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 60,842 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: See footnote |
| Footnote ID: F20 |
| Derivative Holding: |
| | Security Title: |
| | | Value: Class B Common - Convertible |
| | Conversion or Exercise Price: |
| | | Value: 0 |
| | | Footnote ID: F26 |
| | Exercise Date: |
| | | Value: 8/8/88 |
| | | Footnote ID: F26 |
| | Expiration Date: |
| | | Value: 8/8/88 |
| | | Footnote ID: F26 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 185,260 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 185,260 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: See footnote |
| Footnote ID: F21 |
| Derivative Holding: |
| | Security Title: |
| | | Value: 1998 Stock Option Grant (right to buy) |
| | Conversion or Exercise Price: |
| | | Value: 19.00 |
| | Exercise Date: |
| | | Value: 3/17/00 |
| | | Footnote ID: F22 |
| | Expiration Date: |
| | | Value: 3/17/08 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Class A Common |
| | | Underlying Security Shares: |
| Value: 10,800 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 10,800 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| | | Nature of Ownership: |
| Value: |
| Derivative Holding: |
| | Security Title: |
| | | Value: 2001 Stock Option Grant (right to buy) |
| | Conversion or Exercise Price: |
| | | Value: 28.533 |
| | Exercise Date: |
| | | Value: 3/8/03 |
| | | Footnote ID: F23 |
| | Expiration Date: |
| | | Value: 3/8/11 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Class A Common |
| | | Underlying Security Shares: |
| Value: 15,600 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 15,600 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| | | Nature of Ownership: |
| Value: |
| Derivative Holding: |
| | Security Title: |
| | | Value: 2003 Stock Option Grant (right to buy) |
| | Conversion or Exercise Price: |
| | | Value: 31.00 |
| | Exercise Date: |
| | | Value: 3/17/05 |
| | | Footnote ID: F24 |
| | Expiration Date: |
| | | Value: 3/17/13 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Class A Common |
| | | Underlying Security Shares: |
| Value: 15,600 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 15,600 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| | | Nature of Ownership: |
| Value: |
| Derivative Holding: |
| | Security Title: |
| | | Value: 2005 Stock Option Grant (right to buy) |
| | Conversion or Exercise Price: |
| | | Value: 63.50 |
| | | Footnote ID: F25 |
| | Exercise Date: |
| | | Value: 4/6/07 |
| | | Footnote ID: F25 |
| | Expiration Date: |
| | | Value: 4/6/15 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Class A Common |
| | | Underlying Security Shares: |
| Value: 12,600 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 12,600 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Footnote ID: F25 |
| | | Nature of Ownership: |
| Value: |
Footnotes: |
| Footnote - F1: General Partnership interest in RMS, Ltd., an Ohio limited partnership. |
| Footnote - F2: Deborah Ratner Trust dated 11/10/55. |
| Footnote - F3: Deborah Ratner Salzberg 2001 Trust. |
| Footnote - F4: Michael Salzberg (spouse) held in street account at McDonald Investments. |
| Footnote - F5: Michael Salzberg (spouse) shares held directly. |
| Footnote - F6: Albert B. Ratner 1989 Grandchildren's Trust - for the Benefit of Anna Salzberg (daughter) 595 and Eric Salzberg (son) 595. Deborah Ratner disclaims any beneficial interest. |
| Footnote - F7: Albert Ratner Remainder Interest Trust - for the benefit of Anna Salzberg (daughter) 208,065 and Eric Salzberg (son) 208,065. Deborah Ratner disclaims any beneficial interest. |
| Footnote - F8: Deborah Ratner Salzberg Family Trust dated 12/29/86 - for the benefit of Anna Salzberg (daughter) 17,500 and Eric Salzberg (son) 17,500. |
| Footnote - F9: U/A Deborah Ratner-Salzberg Trust dated 2/9/87 - limited partnership interest in RMS, Ltd. limited partnership. Shares from the Faye Ratner Trust were merged into this trust 12/31/04. |
| Footnote - F10: U/A Deborah Ratner-Salzberg Trust dated 2/9/87 - FCE Management, L.P. limited partnership interest in RMS, Ltd. limited partnership. |
| Footnote - F11: Deborah Ratner Salzberg 2001 Trust. - FCE Management, L.P. limited partnership interest. |
| Footnote - F12: Albert B. Ratner 1986 Grandchildren's Trust - for the benefit of Anna Salzberg (daughter). Deborah Ratner disclaims any beneficial interest. |
| Footnote - F13: Deborah Ratner 1986 Family Trust - as limited partner in RMS, Ltd., for the benefit of Anna Salzberg (daughter) 1,600 and Eric Salzberg (son) 1,601. Deborah Ratner disclaims any beneficial interest. |
| Footnote - F14: Deborah Ratner 1989 Irrevocable Trust - for the benefit of Anna Salzberg (daughter) 35,100 and Eric Salzberg (son) 35,100. Deborah Ratner disclaims any beneficial interest. |
| Footnote - F15: Anna Salzberg (daughter), shares are held in street account at McDonald Investments as limited partner in RMS, Ltd. |
| Footnote - F16: Albert B. Ratner 1989 Grandchildren's Trust - a limited partner in RMS, Ltd., for the benefit of Anna Salzberg (daughter). Deborah Ratner disclaims any beneficial interest. |
| Footnote - F17: Albert B. Ratner 1987 Family Trust - a limited partner in RMS, Ltd.; for the benefit of Eric Salzberg (son). Deborah Ratner disclaims any beneficial interest. |
| Footnote - F18: Albert B. Ratner 1989 Grandchildren's Trust - a limited partner in RMS, Ltd., for the benefit of Eric Salzberg (son). Deborah Ratner disclaims any beneficial interest. |
| Footnote - F19: Albert B. Ratner 1989 Grandchildren's Trust - limited partnership interest in FCE Management, L.P., limited partner of RMS, Ltd., for the benefit of Anna Salzberg (daughter) . Deborah Ratner disclaims any beneficial interest. |
| Footnote - F20: Albert B. Ratner 1989 Grandchildren's Trust - limited partnership interest in FCE Management, L.P., limited partner of RMS, Ltd., for the benefit of Eric Salzberg (son). Deborah Ratner disclaims any beneficial interest. |
| Footnote - F21: Albert B. Ratner 1999 Revocable Trust - limited partnership interest in FCE Management, L.P., limited partner of RMS, Ltd., for the benefit of Anna Salzberg (daughter) 92,630 and Eric Salzberg (son) - 92,630. Deborah Ratner disclaims any beneficial interest. |
| Footnote - F22: 1998 Stock Option Grant - 25% exercisable 3/17/00; 33% exercisable 3/17/01; and 42% exercisable 3/17/02. |
| Footnote - F23: 2001 Stock Option Grant - 25% exercisable 3/8/03; 25% exercisable 3/8/04; and 50% exercisable 3/8/05. |
| Footnote - F24: 2003 Stock Option Grant - 25% exercisable 3/17/05; 25% exercisable 3/17/06; and 50% exercisable 3/17/07. |
| Footnote - F25: 2005 Stock Option Grant - 25% exercisable 4/6/07; 25% exercisable 4/6/08; and 50% exersicable 4/6/09. Correcting exercise price. |
| Footnote - F26: 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. |
Remarks: |
Owner Signature: |
| Signature Name: Geralyn M. Presti, Attorney-In-Fact for Deborah Ratner-Salzberg |
| Signature Date: 4/18/05 |