0001647509-17-000028.txt : 20170504
20170504162212
10-Q
10-Q
10-Q
20170331
20170331
REAL ESTATE INVESTMENT TRUSTS
6798
000164750917000028
114
Forest City Realty Trust, Inc.
>0001647509-17-000028.hdr.sgml : 20170504
20170504
<SEC-HEADER>0001647509-17-000028.hdr.sgml : 20170504
<ACCEPTANCE-DATETIME>20170504162212
ACCESSION NUMBER:		0001647509-17-000028
CONFORMED SUBMISSION TYPE:	10-Q
PUBLIC DOCUMENT COUNT:		114
CONFORMED PERIOD OF REPORT:	20170331
FILED AS OF DATE:		20170504
DATE AS OF CHANGE:		20170504

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Forest City Realty Trust, Inc.
		CENTRAL INDEX KEY:			0001647509
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				474113168
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		10-Q
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-37671
		FILM NUMBER:		17814262

	BUSINESS ADDRESS:	
		STREET 1:		TERMINAL TOWER, 50 PUBLIC SQUARE
		STREET 2:		SUITE 1100
		CITY:			CLEVELAND
		STATE:			OH
		ZIP:			44113
		BUSINESS PHONE:		(216) 621-6060

	MAIL ADDRESS:	
		STREET 1:		TERMINAL TOWER, 50 PUBLIC SQUARE
		STREET 2:		SUITE 1100
		CITY:			CLEVELAND
		STATE:			OH
		ZIP:			44113
</SEC-HEADER>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>fcrt-10qex1013312017.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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		<title>Exhibit</title>
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<div><a name="sD5A2CEF48859B11C644D7D617D065F4F"></a></div><div><div style="line-height:120%;text-align:left;text-indent:312px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:center;text-indent:312px;font-size:11pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:34%;"></td><td style="width:33%;"></td><td style="width:33%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Exhibit 10.1</font></div></td></tr></table></div><font style="font-family:inherit;font-size:11pt;">&#160;&#160;&#160;&#160;</font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">SECOND AMENDMENT</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">TO THE</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">FOREST CITY REALTY TRUST, INC.</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">1994 STOCK PLAN</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">(As Amended and Restated as of December 31, 2015)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Effective on March 24, 2017, the Board of Directors of Forest City Realty Trust, Inc. approved and adopted this Second Amendment to the Forest City Realty Trust, Inc. 1994 Stock Plan (As Amended and Restated as of December 31, 2015) (as further amended by the First Amendment to the Forest City Realty Trust, Inc. 1994 Stock plan, effective May 25, 2016, the &#8220;Plan&#8221;).  Words and phrases used herein with initial capital letters that are defined in the Plan are used herein as so defined, except as amended herein.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Article 2, Section BB &#8211; RETIREMENT of the Plan is hereby amended to read in its entirety as follows:</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">RETIREMENT, with respect to an employee, means termination of employment with the Company or a Subsidiary at age 65 or older and after five or more years of continuous employment with the Company or a Subsidiary (including employment with Forest City Enterprises, Inc. and its subsidiaries prior to the Effective Time). RETIREMENT, with respect to a Nonemployee Director, means termination of service as a director of the Company at age 65 or older and after five or more years of continuous service as a director of the Company.  Approved absence or leave from the Company or a Subsidiary shall not be considered an interruption of employment or service for purposes of the Plan.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Article 7 &#8211; RESTRICTED SHARES, Section C of the Plan is hereby amended to read in its entirety as follows:</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Each such grant or sale to an employee shall provide that the Restricted Shares covered by such grant or sale shall be subject, except (if the Committee shall so determine) in the event of Retirement, death or disability or a Change of Control or other similar transaction or event, for a period of not less than three years, as determined by the Committee at the Date of Grant (which period may lapse on a pro-rated, graded, or cliff basis as determined by the Committee), to a &#8220;substantial risk of forfeiture&#8221; within the meaning of Section 83 of the Code. Each such grant or sale to a Nonemployee Director shall provide that the Restricted Shares covered by such grant or sale shall be subject, except (if the Committee shall so determine) in the event of death, disability, Retirement, a Change of Control, or other similar transaction or event, for a period of not less than one year, as determined by the Committee at the Date of Grant (which period may lapse on a cliff basis or, to the extent that such  period exceeds one year, on a pro-rated or graded basis as determined by the Committee), to a &#8220;substantial risk of forfeiture&#8221; within the meaning of Section 83 of the Code.</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div></div>	</body>
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</TEXT>
</DOCUMENT>
EX-10.1
2
fcrt-10qex1013312017.htm
EXHIBIT 10.1
Exhibit
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>fcrt-10qex1013312017.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using Wdesk 1 -->
		<!-- Copyright 2017 Workiva -->
		<title>Exhibit</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="sD5A2CEF48859B11C644D7D617D065F4F"></a></div><div><div style="line-height:120%;text-align:left;text-indent:312px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:center;text-indent:312px;font-size:11pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:34%;"></td><td style="width:33%;"></td><td style="width:33%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Exhibit 10.1</font></div></td></tr></table></div><font style="font-family:inherit;font-size:11pt;">&#160;&#160;&#160;&#160;</font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">SECOND AMENDMENT</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">TO THE</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">FOREST CITY REALTY TRUST, INC.</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">1994 STOCK PLAN</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">(As Amended and Restated as of December 31, 2015)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Effective on March 24, 2017, the Board of Directors of Forest City Realty Trust, Inc. approved and adopted this Second Amendment to the Forest City Realty Trust, Inc. 1994 Stock Plan (As Amended and Restated as of December 31, 2015) (as further amended by the First Amendment to the Forest City Realty Trust, Inc. 1994 Stock plan, effective May 25, 2016, the &#8220;Plan&#8221;).  Words and phrases used herein with initial capital letters that are defined in the Plan are used herein as so defined, except as amended herein.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Article 2, Section BB &#8211; RETIREMENT of the Plan is hereby amended to read in its entirety as follows:</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">RETIREMENT, with respect to an employee, means termination of employment with the Company or a Subsidiary at age 65 or older and after five or more years of continuous employment with the Company or a Subsidiary (including employment with Forest City Enterprises, Inc. and its subsidiaries prior to the Effective Time). RETIREMENT, with respect to a Nonemployee Director, means termination of service as a director of the Company at age 65 or older and after five or more years of continuous service as a director of the Company.  Approved absence or leave from the Company or a Subsidiary shall not be considered an interruption of employment or service for purposes of the Plan.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Article 7 &#8211; RESTRICTED SHARES, Section C of the Plan is hereby amended to read in its entirety as follows:</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Each such grant or sale to an employee shall provide that the Restricted Shares covered by such grant or sale shall be subject, except (if the Committee shall so determine) in the event of Retirement, death or disability or a Change of Control or other similar transaction or event, for a period of not less than three years, as determined by the Committee at the Date of Grant (which period may lapse on a pro-rated, graded, or cliff basis as determined by the Committee), to a &#8220;substantial risk of forfeiture&#8221; within the meaning of Section 83 of the Code. Each such grant or sale to a Nonemployee Director shall provide that the Restricted Shares covered by such grant or sale shall be subject, except (if the Committee shall so determine) in the event of death, disability, Retirement, a Change of Control, or other similar transaction or event, for a period of not less than one year, as determined by the Committee at the Date of Grant (which period may lapse on a cliff basis or, to the extent that such  period exceeds one year, on a pro-rated or graded basis as determined by the Committee), to a &#8220;substantial risk of forfeiture&#8221; within the meaning of Section 83 of the Code.</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div></div>	</body>
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