Statement of Changes in Beneficial Ownership (4)

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person * RATNER RONALD A	2. Issuer Name and Ticker or Trading Symbol Forest City Realty Trust, Inc. [ FCEA ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __ X __ Director                      _____ 10% Owner __ X __ Officer (give title below)      _____ Other (specify below) Executive Vice President
(Last)          (First)          (Middle) 50 PUBLIC SQUARE, SUIT 1100	3. Date of Earliest Transaction (MM/DD/YYYY) 3/6/2017
(Street) CLEVELAND, OH 44113 (City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _ X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	6/12/2017		J (23)	V	1151732	A	(23)	1196519	I	See footnote   (1)
Class A Common Stock	3/6/2017		G	V	8615	D	$0	152681	I	See footnote   (2)
Class A Common Stock								187500	I	See footnote   (3)
Class A Common Stock								4696	I	See footnote   (4)
Class A Common Stock	6/12/2017		J (23)	V	741276	A	(23)	819684	I	See footnote   (5)
Class A Common Stock								6770	D   (6)
Class A Common Stock								8954	D   (7)
Class A Common Stock								11452	D   (8)
Class A Common Stock	6/12/2017		J (23)	V	1179	A	(23)	1179	I	See footnote   (9)
Class A Common Stock	6/12/2017		J (23)	V	613661	A	(23)	613661	I	See footnote   (10)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B Common - Convertible	$0   (23)	6/12/2017		J   (23)	V		879185	8/8/1988   (23)	8/8/1988   (23)	Common Stock	879185	(23)	0	I	See footnote   (1)
Class B Common - Convertible	$0   (23)	6/12/2017		J   (23)	V		900	8/8/1988   (23)	8/8/1988   (23)	Common Stock	900	(23)	0	I	See footnote   (9)
Class B Common - Convertible	$0   (23)	6/12/2017		J   (23)	V		565860	8/8/1988   (23)	8/8/1988   (23)	Common Stock	565860	(23)	0	I	See footnote   (5)
Class B Common - Convertible	$0   (23)	6/12/2017		J   (23)	V		468444	8/8/1988   (23)	8/8/1988   (23)	Common Stock	468444	(23)	0	I	See footnote   (10)
2008 Stock Option Grant (right to buy)	$36.38							6/18/2010   (11)	6/18/2018	Class A Common	17721		17721	D   (11)
2009 Stock Option Grant (right to buy)	$7.80							4/21/2011   (12)	4/21/2019	Class A Common	21797		21797	D   (12)
2010 Stock Option Grant (right to buy)	$15.89							4/14/2012   (13)	4/14/2020	Class A Common	36635		36635	D   (13)
2011 Stock Option Grant (right to buy)	$17.72							4/13/2013   (14)	4/13/2021	Class A Common	24103		24103	D   (14)
2012 Stock Option Grant (right to buy)	$14.74							4/11/2014   (15)	4/11/2022	Class A Common	32477		32477	D   (15)
2013 Stock Option Grant (right to buy)	$17.60							4/8/2015   (16)	4/8/2023	Class A Common	30384		30384	D   (16)
2014 Stock Option Grant (right to buy)	$18.73							3/28/2016   (17)	3/28/2024	Class A Common	28745		28745	D   (17)
2014 Performance Shares	$0							12/31/2017	8/8/1988   (18)	Class A Common	17796		17796	D   (18)
2015 Performance Shares	$0							12/31/2017	8/8/1988   (19)	Class A Common	13539		13539	D   (19)
2016 Performance Shares	$0							12/31/2018	8/8/1988   (20)	Class A Common	17908		17908	D   (20)
2017 Performance Shares	$0							12/31/2019	8/8/1988   (21)	Class A Common	17178		17178	D   (21)
2015 Out Performance Shares	$0							12/31/2017	8/8/1988   (22)	Class A Common	20000		20000	D   (22)

Explanation of Responses:
(1)	The Ronald Ratner 1986 Trust Agreement, as modified (Ronald Ratner is Trustee). 879,185 shares of Class B Common Stock were reclassified and exchanged into 1,151,732 shares of Class A Common Stock on 6/12/2017. Post-reclassification, trust holds 1,196,519 as follows: 657,800 shares as a direct limited partner of RMS, Ltd. and 538,919 shares directly.
(2)	Deborah B. Ratner Trust - individually trust of spouse, shares held in street account.
(3)	Deborah Ratner 2012 Irrev Trust - Ronald Ratner is trustee.
(4)	Deborah B. Ratner, Trustee of the Irene Meldon 1998 Irrevocable dated 12/04/1998. Trust holds 4,696 shares of Class A Common Stock as follows: 2,348 shares for benefit of Matthew (son); and 2,348 shares for benefit of Sarah (daughter). Ronald Ratner disclaims any beneficial interest.
(5)	Max Ratner Grandchildren's Trust dated 12/21/1988 (Ronald is Trust Advisor). 565,860 shares of Class B Common Stock were reclassified and exchanged into 741,276 shares of Class A Common Stock. Post-reclassification, trust holds 819,684 shares of Class A Common Stock as follows: 70,000 shares for Sarah Ratner (daughter) as a limited partner within RMS, Ltd.; 434,097 shares directly for the benefit of Sarah Ratner; 40,000 shares for Matthew Ratner (son) as a limited partner within RMS, Ltd.; 275,587 shares directly for the benefit of Matthew Ratner. Ronald Ratner disclaims any beneficial interest.
(6)	2015 Restricted Stock Grant - 25% vested on 3/26/2016; 25% vested on 3/26/2017; and 50% vest on 3/26/2018.
(7)	2016 Restricted Stock Grant - 25% vested on 3/23/2017; 25% vest on 3/23/2018; and 50% vest on 3/23/2019.
(8)	2017 Restricted Stock Grant - 25% vest on 3/24/2018; 25% vest on 3/24/2019; and 50% vest on 3/24/2020.
(9)	General Partnership interest in RMS, Ltd Partnership. 900 shares of Class B Common Stock were reclassified and exchanged into 1,179 shares of Class A Common Stock on 6/12/2017.
(10)	Max Ratner Family 1999 Revocable Trust (Ronald Ratner is Trust Advisor). 468,444 shares of Class B Common Stock were reclassified and exchanged into 613,661 shares of Class A Common Stock on 6/12/2017. Post-reclassification, trust holds 613,661 shares of Class A Common Stock as follows: 14,887 shares for the benefit of Sarah Ratner (daughter); 350,000 shares for Sarah Ratner as a limited partner in RMS Ltd.; 23,774 shares for the benefit of Matthew Ratner (son); and 225,000 for Matthew Ratner as a limited partner of RMS, Ltd. Ronald Ratner disclaims any beneficial interest.
(11)	2008 Stock Option Grant - 25% exercisable 6/18/2010; 25% exercisable 6/18/2011; and 50% exercisable 6/18/2012.
(12)	2009 Stock Option Grant - 25% exercisable 4/21/2011; 25% exercisable 4/21/2012; and 50% exercisable 4/21/2013.
(13)	2010 Stock Option Grant - 25% exercisable 4/14/2012; 25% exercisable 4/14/2013; and 50% exercisable 4/14/2014.
(14)	2011 Stock Option Grant - 25% exercisable 4/13/2013; 25% exercisable 4/13/2014; and 50% exercisable 4/13/2015.
(15)	2012 Stock Option Grant - 25% exercisable 4/11/2014; 25% exercisable 4/11/2015; and 50% exercisable 4/11/2016.
(16)	2013 Stock Option Grant - 25% exercisable 4/08/2015; 25% exercisable 4/08/2016; and 50% exercisable 4/08/2017.
(17)	2014 Stock Option Grant - 0% exercisable 3/28/2015; 25% exercisable 3/28/2016; 25% exercisable 3/28/2017; and 50% exercisable 3/28/2018.
(18)	Performance Shares Award - granted 3/28/2014 - performance period is from January 1, 2014 to December 31, 2017. Awards will be available to the grantee at the end of the performance period provided that certain performance criteria are met. The actual number of shares earned could range from 0 to 200% of the number of Performance Shares granted. Fair market value on date of grant is $18.73 per share. There is no fixed expiration date.
(19)	Performance Shares Award - granted 3/26/2015 - performance period is from January 1, 2015 to December 31, 2017. Awards will be available to the grantee at the end of the performance period provided that certain performance criteria are met. The actual number of shares earned could range from 0 to 200% of the number of Performance Shares granted. Fair market value on date of grant is $24.62 per share. There is no fixed expiration date.
(20)	Performance Shares Award - granted 3/23/2016 - performance period is from January 1, 2016 to December 31, 2018. Awards will be available to the grantee at the end of the performance period provided that certain performance criteria are met. The actual number of shares earned could range from 0 to 200% of the number of Performance Shares granted. Fair market value on date of grant is $20.94 per share. There is no fixed expiration date.
(21)	Performance Shares Award - granted 3/24/2017 - performance period is from January 1, 2017 to December 31, 2019. Awards will be available to the grantee at the end of the performance period provided that certain performance criteria are met. The actual number of shares earned could range from 0 to 200% of the number of Performance Shares granted. Fair market value on date of grant is $21.83 per share. There is no fixed expiration date.
(22)	Out Performance Shares Award - granted 3/27/2015 - performance period is from January 1, 2015 to December 31, 2017. Awards will be available to the grantee at the end of the performance period provided that certain performance criteria are met. The actual number of shares earned could range from 0 to 300% of the number of Performance Shares granted. Fair market value on date of grant is $25.31 per share. There is no fixed expiration date.
(23)	Pursuant to a reclassification exempt under Rule 16b-7, each share of Class B common stock was reclassified and exchanged into 1.31 shares of Class A common stock. Acquisition and dispositions in the reclassification also exempt under Rule 16b-3(d) and (e), respectively.There was no fixed exercise date or expiration date, prior to the reclassification.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
RATNER RONALD A 50 PUBLIC SQUARE, SUIT 1100 CLEVELAND, OH 44113	X		Executive Vice President

Signatures
J. Matthew Shady, Attorney-in-Fact for Ronald A. Ratner		9/14/2017
** Signature of Reporting Person		Date

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