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 JAMES 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 _____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle) 50 PUBLIC SQUARE, SUITE 1100	3. Date of Earliest Transaction (MM/DD/YYYY) 6/12/2017
(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 (24)	V	1335655	A	(24)	1600203	I	See footnote   (1)
Class A Common Stock								95694	I	See footnote   (2)
Class A Common Stock								180328	I	See footnote   (3)
Class A Common Stock	6/12/2017		J (24)	V	7849	A	(24)	34089	I	See footnote   (4)
Class A Common Stock								76525	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 (24)	V	7849	A	(24)	7849	I	See footnote   (9)
Class A Common Stock	6/12/2017		J (24)	V	340907	A	(24)	340907	I	See footnote   (10)
Class A Common Stock	6/12/2017		J (24)	V	340907	A	(24)	340907	I	See footnote   (11)
Class A Common Stock	6/12/2017		J (24)	V	50370	A	(24)	50370	I	See footnote   (12)

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   (24)	6/12/2017		J   (24)	V		1019584	8/8/1988   (24)	8/8/1988   (24)	Common Stock	1019584	(24)	0	I	See footnote   (1)
Class B Common - Convertible	$0   (24)	6/12/2017		J   (24)	V		5992	8/8/1988   (24)	8/8/1988   (24)	Common Stock	5992	(24)	0	I	See footnote   (4)
Class B Common - Convertible	$0   (24)	6/12/2017		J   (24)	V		5992	8/8/1988   (24)	8/8/1988   (24)	Common Stock	5992	(24)	0	I	See footnote   (9)
Class B Common - Convertible	$0   (24)	6/12/2017		J   (24)	V		260235	8/8/1988   (24)	8/8/1988   (24)	Common Stock	260235	(24)	0	I	See footnote   (10)
Class B Common - Convertible	$0   (24)	6/12/2017		J   (24)	V		260235	8/8/1988   (24)	8/8/1988   (24)	Common Stock	260235	(24)	0	I	See footnote   (11)
Class B Common - Convertible	$0   (24)	6/12/2017		J   (24)	V		38451	8/8/1988   (24)	8/8/1988   (24)	Common Stock	38451	(24)	0	I	See footnote   (12)
2008 Stock Option Grant (right to buy)	$36.38							6/18/2010   (13)	6/18/2018	Class A Common	17721		17721	D   (13)
2009 Stock Option Grant (right to buy)	$7.80							4/21/2011   (14)	4/21/2019	Class A Common	21797		21797	D   (14)
2010 Stock Option Grant (right to buy)	$15.89							4/14/2012   (15)	4/14/2020	Class A Common	36635		36635	D   (15)
2011 Stock Option Grant (right to buy)	$17.72							4/13/2013   (16)	4/13/2021	Class A Common	24103		24103	D   (16)
2012 Stock Option Grant (right to buy)	$14.74							4/11/2014   (17)	4/11/2022	Class A Common	32477		32477	D   (17)
2013 Stock Option Grant (right to buy)	$17.60							4/8/2015   (18)	4/8/2023	Class A Common	30384		30384	D   (18)
2014 Stock Option Grant (right to buy)	$18.73							3/28/2016   (19)	3/28/2024	Class A Common	28745		28745	D   (19)
2014 Performance Shares	$0							12/31/2017	8/8/1988   (20)	Class A Common	17796		17796	D   (20)
2015 Performance Shares	$0							12/31/2017	8/8/1988   (21)	Class A Common	13539		13539	D   (21)
2016 Performance Shares	$0							12/31/2018	8/8/1988   (22)	Class A Common	17908		17908	D   (22)
2015 Out Performance Shares	$0							12/31/2017	8/8/1988   (20)	Class A Common	20000		20000	D   (23)

Explanation of Responses:
(1)	James Ratner Revocable Trust dated 12/04/1981. 1,019,584 shares of Class B Common Stock were reclassified and exchanged into 1,335,655 shares of Class A Common Stock on 6/12/2017. Post-reclassification, trust holds 1,600,203 shares of Class A Common Stock as follows: 593,300 shares held as a direct limited partner of RMS, Ltd. and 1,006,903 shares directly.
(2)	Held by spouse at street account with Stifel Nicolaus & Co., Inc.
(3)	Austin G. Ratner 1992 Trust - James A. Ratner (father) is trust advisor. James Ratner disclaims any beneficial interest.
(4)	Max Ratner 1986 Family Trust for the Benefit of Daniel Ratner (son) (James Ratner is trustee). 5,992 shares of Class B Common Stock were reclassified and exchanged into 7,849 shares of Class A Common Stock on 6/12/2017. Post-reclassification, trust holds 34,089 shares of Class A Common Stock directly. James Ratner disclaims any beneficial interest.
(5)	Max Ratner 1988 Grandchildren's Trust for the Benefit of Daniel Ratner (adult child of James Ratner) - James Ratner is trustee. James Ratner disclaims any beneficial interest.
(6)	2015 Restricted Stock Grant - 25% vest on 3/26/2016; 25% vest on 3/26/2017; and 50% vest on 3/26/2018.
(7)	2016 Restricted Stock Grant - 25% vest on 3/23/2017; 25% vest on 3/23/2018; and 50% vest on 3/23/2019.
(8)	2017 Restricted Stock Grant - 100% vest on 3/24/2018.
(9)	Max Ratner 1986 Family Trust for the benefit of Austin Ratner (son) (James Ratner is Trustee). 5,992 shares of Class B Common Stock were reclassified and exchanged into 7,849 shares of Class A Common Stock on 6/12/2017. Post-reclassification, trust holds 7,849 shares of Class A Common Stock directly. James Ratner disclaims any beneficial interest.
(10)	Max Ratner Family 1999 Irrevocable Trust for the benefit of Austin Ratner (son) (James Ratner is Trustee). 260,235 shares of Class B Common Stock were reclassified and exchanged into 340,907 shares of Class A Common Stock on 6/12/2017. Post-reclassification, trust holds 340,907 shares of Class A Common Stock as follows: 300,000 as a direct, limited partner of RMS, Ltd.; and 40,907 directly.
(11)	Max Ratner Family 1999 Irrevocable Trust for the benefit of Austin Ratner (son) (James Ratner is Trustee). 260,235 shares of Class B Common Stock were reclassified and exchanged into 340,907 shares of Class A Common Stock on 6/12/2017. Post-reclassification, trust holds 340,907 shares of Class A Common Stock as follows: 300,000 as a direct, limited partner of RMS, Ltd.; and 40,907 directly.
(12)	Daniel G. Ratner (son) 1993 Trust (James A. Ratner is trust advisor). 38,451 shares of Class B Common Stock were reclassified and exchanged into 50,371 shares of Class A Common Stock on 6/12/2017. Post-reclassification, trust holds 50,371 shares of Class A Common Stock directly.
(13)	2008 Stock Option Grant - 25% exercisable 6/18/2010; 25% exercisable 6/18/2011; and 50% exercisable 6/18/2012.
(14)	2009 Stock Option Grant - 25% exercisable 4/21/2011; 25% exercisable 4/21/2012; and 50% exercisable 4/21/2013.
(15)	2010 Stock Option Grant - 25% exercisable 4/14/2012; 25% exercisable 4/14/2013; and 50% exercisable 4/14/2014.
(16)	2011 Stock Option Grant - 25% exercisable 4/13/2013; 25% exercisable 4/13/2014; and 50% exercisable 4/13/2015.
(17)	2012 Stock Option Grant - 25% exercisable 4/11/2014; 25% exercisable 4/11/2015; and 50% exercisable 4/11/2016.
(18)	2013 Stock Option Grant - 25% exercisable 4/08/2015; 25% exercisable 4/08/2016; and 50% exercisable 4/08/2017.
(19)	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.
(20)	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.
(21)	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.
(22)	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.
(23)	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.
(24)	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 JAMES A 50 PUBLIC SQUARE, SUITE 1100 CLEVELAND, OH 44113	X

Signatures
J. Matthew Shady, Attorney-In-Fact For James A. Ratner		9/14/2017
** Signature of Reporting Person		Date

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