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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
85974	Ryland Group Inc	RYL	Operative Builders (1531)	520849948

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1383226	G Peter Skelly	3011 Townsgate Road Suite 200 Westlake Village CA 91361	Senior Vice President	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2012-11-01	4,760	$20.99	51,213	No	4	M	Direct
Common Stock	Acquisiton	2012-11-01	6,667	$16.52	57,880	No	4	M	Direct
Common Stock	Disposition	2012-11-01	11,427	$34.87	46,453	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Options (Right to Buy)	Disposition	2012-11-01	4,760	$0.00	4,760	$20.99
Common Stock	Stock Options (Right to Buy)	Disposition	2012-11-01	6,667	$0.00	6,667	$16.52

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2013-02-26	No	4	M	Direct
13,333		2016-03-01	No	4	M	Direct

Footnotes

The price reported in Column 4 is a weighted average price. The prices actually received ranged from $35.20 to $35.2710. The reporting person will provide the issuer, any secuirty holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
The stock option vests in three equal installments on February 26, 2004, 2005 and 2006.
The stock option vests in three equal installments on March 1, 2012, 2013, and 2014.