Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Jehl Charles D
2. Date of Event Requiring Statement (Month/Day/Year)
08/11/2015
3. Issuer Name and Ticker or Trading Symbol
Forestar Group Inc. [FOR]
(Last)
(First)
(Middle)
6300 BEE CAVE ROAD, BUILDING TWO, SUITE 500
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Executive Vice President
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

AUSTIN, TX 78746
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 Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 45,476
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Option (right to buy) (1)   (2) 02/03/2016 Common Stock 1,708 $ 27.06 D  
Option (right to buy) (1)   (2) 02/02/2017 Common Stock 1,708 $ 30.56 D  
Option (right to buy)   (2) 02/12/2018 Common Stock 22,300 $ 28.85 D  
Option (right to buy)   (2) 02/09/2020 Common Stock 10,757 $ 17.8 D  
Option (right to buy)   (2) 02/08/2021 Common Stock 20,772 $ 18.59 D  
Option (right to buy) (3) 02/14/2013 02/14/2022 Common Stock 22,532 $ 16.11 D  
Option (right to buy) (4) 02/12/2014 02/12/2023 Common Stock 19,493 $ 18.7 D  
Option (right to buy) (5) 02/10/2016 02/10/2025 Common Stock 18,377 $ 14.08 D  
Stock Appreciation Right (6) 02/09/2011 02/09/2020 Common Stock 12,628 $ 17.8 D  
Restricted Share Units (7)   (7)   (7) Common Stock 1,647 $ (7) D  
Restricted Share Units (8)   (8)   (8) Common Stock 3,384 $ (8) D  
Market Stock Units   (9) 02/12/2016 Common Stock 9,485 $ (9) D  
Market Stock Units   (9) 02/11/2017 Common Stock 5,888 $ (9) D  
Market Stock Units   (9) 02/10/2018 Common Stock 18,526 $ (9) D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Jehl Charles D
6300 BEE CAVE ROAD
BUILDING TWO, SUITE 500
AUSTIN, TX 78746
      Executive Vice President  

Signatures

David M. Grimm signing on behalf of Charles D. Jehl 08/13/2015
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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).
(1) Shares acquired in a pro rata distribution by Temple-Inland Inc. through a spin-off effective December 28, 2007.
(2) Options are fully vested and exercisable as of the date of this report.
(3) Vesting schedule for Options granted 02/14/2012 - Exercise price is $16.11: Options Exercisable 02/14/2013 - 5,633; Options Exercisable 02/14/2014 - 5,633; Options Exercisable 02/14/2015 - 5,633; and Options Exercisable 02/14/2016 - 5,633.
(4) Vesting schedule for Options granted 02/12/2013 - Exercise price is $18.70: Options Exercisable 02/12/2014 - 4,873; Options Exercisable 02/12/2015 - 4,873; Options Exercisable 02/12/2016 - 4,873; and Options Exercisable 02/12/2017 - 4,874.
(5) Vesting schedule for Options granted 02/10/2015 - Exercise price is $14.08: Options Exercisable 02/10/2016 - 4,594; Options Exercisable 02/10/2017 - 4,594; Options Exercisable 02/10/2018 - 4,594; and Options Exercisable 02/10/2019 - 4,595.
(6) Stock Appreciation Rights (SARs) are fully vested and exercisable as of the date of this report.
(7) Restricted share units granted on 02/12/2013 will vest on 02/12/2016. Restricted share units will be settled for cash based on the fair market value on vesting date.
(8) Restricted share units granted on 02/11/2014 will vest as follows: 1,692 on 02/11/2016; 1,692 on 02/11/2017. Restricted share units will be settled for cash based on the fair market value on vesting date.
(9) Number of shares to be received upon vesting will vary depending upon performance of Company stock over the performance period.

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