FORESTAR GROUP INC.
(Name of Issuer)
Common Stock, $1.00 par value
per share
(Title of Class of Securities)
346233109
(CUSIP Number)
Linda Y. Kelso
One Independent Drive - Suite 1300
Jacksonville, Florida 32202-5017
(904) 359-2000
(Name,
Address and Telephone Number of Person Authorized to Receive Notices and Communications)
December 11, 2008
(Date
of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent.
* | The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. |
The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
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. |
CUSIP No. 346233109
1 |
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Holland M. Ware | |||||
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) [X] (b) [ ] | ||||
3 |
SEC USE ONLY | |||||
4 |
SOURCE OF FUNDS PF | |||||
5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
[ ] | ||||
6 |
CITIZENSHIP OR PLACE OF ORGANIZATION United States | |||||
| ||||||
NUMBER OF SHARES |
7 |
SOLE VOTING POWER 2,350,000 |
||||
BENEFICIALLY OWNED |
8 |
SHARED VOTING POWER 0 |
||||
BY EACH REPORTING |
9 |
SOLE DISPOSITIVE POWER 2,350,000 |
||||
PERSON WITH: |
10 |
SHARED DISPOSITIVE POWER 0 |
||||
| ||||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,350,000 | |||||
12 |
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
[X] |
||||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.6% | |||||
14 |
TYPE OF REPORTING PERSON IN |
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CUSIP No. 346233109
1 |
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) David C. Cook | |||||
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) [X] (b) [ ] | ||||
3 |
SEC USE ONLY | |||||
4 |
SOURCE OF FUNDS PF | |||||
5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
[ ] | ||||
6 |
CITIZENSHIP OR PLACE OF ORGANIZATION United States | |||||
| ||||||
NUMBER OF SHARES |
7 |
SOLE VOTING POWER 156,000 |
||||
BENEFICIALLY OWNED |
8 |
SHARED VOTING POWER 0 |
||||
BY EACH REPORTING |
9 |
SOLE DISPOSITIVE POWER 156,000 |
||||
PERSON WITH: |
10 |
SHARED DISPOSITIVE POWER 0 |
||||
| ||||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 156,000 | |||||
12 |
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
[X] |
||||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% | |||||
14 |
TYPE OF REPORTING PERSON IN |
3
CUSIP No. 346233109
This Schedule 13D relates to the common stock, par value $1.00 per share (the Common Stock), of the following corporation (the Issuer or the Company):
Forestar
Group Inc. 1300 MoPac Expressway South, Suite 3S, Austin, Texas 78746 |
This Schedule 13D is filed on behalf of Holland M. Ware, whose business address is 212 Maple Drive Hogansville, GA 30230, and David C. Cook, whose business address is One Independent Drive Suite 1300, Jacksonville, FL 32202.
Mr. Ware is currently a self-employed real estate investor. Mr. Cook is a partner in the law firm of Foley & Lardner LLP.
During the last five years, neither Mr. Ware nor Mr. Cook has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
During the last five years, neither Mr. Ware nor Mr. Cook has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
Mr. Ware and Mr. Cook are both citizens of the United States.
The source of funds used to acquire the shares reported herein by Mr. Ware and Mr. Cook were their respective personal funds.
Mr. Ware and Mr. Cook have acquired their shares of Common Stock because they believe the stock is undervalued and wish to acquire the Company or participate in some other major transaction to increase shareholder value. Mr Ware and Mr. Cook may continue to purchase shares of Common Stock from time to time, depending on the price at which it trades.
Except as set forth above with respect to possible future purchase of Common Stock and his desire to acquire the Company or otherwise participate in some other major transaction to increase shareholder value, Mr. Ware and Mr. Cook have no present plans or proposals which relate to or would result in:
a. | The acquisition by any person of additional securities of the issuer, or the disposition of securities of the Issuer; |
b. | An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; |
c. | A sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; |
d. | Any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; |
e. | Any material change in the present capitalization or dividend policy of the Issuer; |
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CUSIP No. 346233109
f. | Any other material change in the issuers business or corporate structure; |
g. | Changes in the issuers charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person; |
h. | Causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; |
i. | A class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or |
j. | Any action similar to any of those enumerated above. |
(a) and (b) Mr. Ware owns 2,350,000 shares of the Common Stock, over which he has sole dispositive and voting power, constituting approximately 6.6% of the total shares outstanding. Mr. Cook owns an aggregate of 156,000 shares of the Common Stock, over which he has sole dispositive and voting power, constituting less than 0.1% of the total shares outstanding.
(c) Mr. Ware effected the following transactions in the Common Stock in the past 60 days:
Date |
Transaction |
Amount |
Average Per Share Price |
---|---|---|---|
12/18/08 |
Purchase | 57,196 shares | $5.19 |
12/17/08 |
Purchase | 138,000 shares | $5.09 |
12/16/08 |
Purchase | 125,000 shares | $4.98 |
12/15/08 |
Purchase | 155,256 shares | $4.74 |
12/12/08 |
Purchase | 100,000 shares | $4.36 |
12/11/08 |
Purchase | 174,548 shares | $4.79 |
12/5/08 |
Purchase | 40,800 shares | $3.91 |
12/4/08 |
Purchase | 50,000 shares | $3.92 |
12/3/08 |
Purchase | 75,000 shares | $3.71 |
12/2/08 |
Purchase | 70,000 shares | $3.46 |
12/1/08 |
Purchase | 100,000 shares | $3.99 |
11/28/08 |
Purchase | 14,200 shares | $4.60 |
11/26/08 |
Purchase | 46,377 shares | $4.90 |
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CUSIP No. 346233109
Date |
Transaction |
Amount |
Average Per Share Price |
---|---|---|---|
11/25/08 |
Purchase | 75,700 shares | $4.39 |
11/24/08 |
Purchase | 87,323 shares | $4.37 |
11/21/08 |
Purchase | 140,600 shares | $3.54 |
11/19/08 |
Purchase | 100,000 shares | $3.93 |
11/18/08 |
Purchase | 100,200 shares | $4.01 |
11/17/08 |
Transfer (Gift) | 200 shares | N/A |
11/14/08 |
Purchase | 55,000 shares | $4.92 |
11/13/08 |
Purchase | 120,000 shares | $5.13 |
11/12/08 |
Purchase | 75,000 shares | $5.16 |
11/11/08 |
Purchase | 50,000 shares | $5.95 |
11/10/08 |
Purchase | 49,172 shares | $6.30 |
11/7/08 |
Purchase | 50,828 shares | $6.13 |
11/7/08 |
Transfer (Gift) | 100 shares | N/A |
11/6/08 |
Purchase | 100 shares | $6.92 |
11/6/08 |
Purchase | 45,000 shares | $7.14 |
11/5/08 |
Purchase | 20,000 shares | $7.93 |
11/5/08 |
Purchase | 80,000 shares | $7.83 |
11/5/08 |
Purchase | 60,000 shares | $7.90 |
11/4/08 |
Purchase | 19,851 shares | $8.82 |
11/3/08 |
Purchase | 65,149 shares | $8.92 |
10/30/08 |
Purchase | 10,000 shares | $6.97 |
6
CUSIP No. 346233109
Mr. Cook effected the following transactions on the Common Stock in the past 60 days:
Date |
Transaction |
Amount |
Average Per Share Price |
---|---|---|---|
12/18/08 |
Purchase | 10,000 shares | $5.08 |
12/11/08 |
Purchase | 10,000 shares | $4.58 |
12/11/08 |
Purchase | 9,900 shares | $5.06 |
12/10/08 |
Purchase | 100 shares | $4.90 |
12/9/08 |
Purchase | 10,000 shares | $4.95 |
12/1/08 |
Purchase | 10,000 shares | $4.10 |
12/1/08 |
Purchase | 10,000 shares | $3.29 |
11/28/08 |
Purchase | 10,000 shares | $4.70 |
11/26/08 |
Purchase | 10,000 shares | $4.88 |
11/25/08 |
Purchase | 20,000 shares | $4.60 |
11/24/08 |
Purchase | 10,000 shares | $3.94 |
11/21/08 |
Purchase | 10,000 shares | $3.36 |
11/20/08 |
Purchase | 10,000 shares | $3.61 |
11/18/08 |
Purchase | 10,000 shares | $3.84 |
11/18/08 |
Purchase | 4,000 shares | $3.96 |
11/7/08 |
Purchase | 4,000 shares | $5.99 |
11/5/08 |
Purchase | 4,000 shares | $7.69 |
10/31/08 |
Purchase | 4,000 shares | $8.21 |
(d) No other persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the shares of the Common Stock.
(e) Not applicable
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CUSIP No. 346233109
Mr. Cook is Mr. Wares attorney. Other than the attorney-client relationship, there are no other contracts, arrangements, understandings or relationships between Mr. Cook and Mr. Ware with respect to the Common Stock. Mr. Cook and Mr. Ware each disclaim beneficial ownership over the shares of Common Stock owned by the other.
Exhibit 99.1: Joint Filing Agreement between Holland M. Ware and David C. Cook.
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CUSIP No. 346233109
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: December 19, 2008
/s/ Holland M. Ware | |
Holland M. Ware | |
/s/ David C. Cook | |
David C. Cook | |
9