Stock Trading History of Shafran Joan K

The following table details the trading activities (stock purchases, stock sales, and stock option exercises) reported to the Securities and Exchange Commission (SEC) by insider Shafran Joan K since year 2005. The trader's CIK number is 1217398. At the time of this reporting, Shafran Joan K is the Director of Forest City Enterprises Inc (stock ticker symbol FCEA/FCEB).

Stock purchases, sales, and option exercises reported by *Shafran Joan K* since 2005.
Trade Date	Symbol	Company Name (Issuer)	Trade Type	Shares	Price ($)	Value ($)
2007-12-03	FCEA/FCEB	Forest City Enterprises Inc	Sale	900	48.69	43,821
2007-11-01	FCEA/FCEB	Forest City Enterprises Inc	Sale	900	56.46	50,814
2007-10-01	FCEA/FCEB	Forest City Enterprises Inc	Sale	900	55.87	50,284
2007-09-04	FCEA/FCEB	Forest City Enterprises Inc	Sale	900	56.04	50,436
2007-08-01	FCEA/FCEB	Forest City Enterprises Inc	Sale	900	54.12	48,705
2007-07-02	FCEA/FCEB	Forest City Enterprises Inc	Sale	900	61.44	55,292
2007-06-01	FCEA/FCEB	Forest City Enterprises Inc	Sale	900	69.48	62,532
2007-05-01	FCEA/FCEB	Forest City Enterprises Inc	Sale	900	67.15	60,432
2007-04-02	FCEA/FCEB	Forest City Enterprises Inc	Sale	900	66.07	59,462
2007-03-01	FCEA/FCEB	Forest City Enterprises Inc	Sale	900	61.53	55,377
2007-02-01	FCEA/FCEB	Forest City Enterprises Inc	Sale	900	60.46	54,414
2007-01-03	FCEA/FCEB	Forest City Enterprises Inc	Sale	900	57.56	51,804
2006-12-15	FCEA/FCEB	Forest City Enterprises Inc	Sale	40,350	56.00	2,259,600
2006-01-04	FCEA/FCEB	Forest City Enterprises Inc	Sale	12,000	37.20	446,436
2005-12-21	FCEA/FCEB	Forest City Enterprises Inc	Sale	2,000	37.25	74,500
2005-07-12	FCEA/FCEB	Forest City Enterprises Inc	Sale	16,200	36.56	592,288
2005-07-11	FCEA/FCEB	Forest City Enterprises Inc	Sale	5,900	73.31	432,517

Insider trading activities including stock purchases, stock sales, and option exercises listed in the above table cannot be completely guaranteed as to their accuracy. For more information regarding the trades made by Shafran Joan K (Director of Forest City Enterprises Inc at the time of this reporting) see the Securities and Exchange Commission (SEC) website.