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
                                                                                  
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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)

10/16/2017
(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   10/16/2017     S (1)    12148   D $25.2805   (1) 1014791   I   See footnote   (1)
Class A Common Stock   10/17/2017     S (1)    7852   D $25.0354   (1) 1006939   I   See footnote   (1)
Class A Common Stock                  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   10/16/2017     S (5)    27535   D $25.2805   (5) 673609   I   See footnote   (5)
Class A Common Stock   10/17/2017     S (5)    17798   D $25.0354   (5) 655811   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                  1179   I   See footnote   (9)
Class A Common Stock                  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
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). On 10/16/2017 and 10/17/2017, the Trust sold 12,148 shares and 7,852 shares of Class A Common Stock, respectively, pursuant to a Rule 10b5-1 Sales Plan, adopted on 09/12/2017. The prices of $25.2805 and $25.0354 represent weighted average of sales prices ranging from $25.16 to $25.45 per share and from $24.94 to $25.25 per share, respectively. Full information regarding the number of shares sold at each separate price will be provided to the SEC, the issuer or a security holder of the issuer upon request. Post-transactions, the Trust holds 1,006,939 shares of Class A Common Stock as follows: 657,600 shares held as a direct limited partner of RMS, Ltd.; and 349, 339 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. On 10/16/2017 and 10/17/2017, the Trust sold 27,535 shares and 17,798 shares of Class A Common Stock, respectively, pursuant to a Rule 10b5-1 Sales Plan, adopted on 09/12/2017.The prices of $25.2805 and $25.0354 represent weighted average of sales prices ranging from $25.16 to $25.45 per share and from $24.94 to $25.25 per share, respectively. Full information on the number of shares sold at each separate price will be provided to the SEC, the issuer or a security holder of the issuer upon request. Post-transactions, the Trust holds 655,811 shares of Class A Common Stock as follows: 40,000 shares as a direct limited partner of RMS, Ltd. fbo Matthew Ratner (son); 209,578 directly fbo Matthew; 70,000 shares as a direct limited partner of RMS, Ltd. fbo Sarah Ratner (daughter); and 336, 233 directly fbo Sarah. 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.
(10)  Max Ratner Family 1999 Revocable Trust (Ronald Ratner is Trust Advisor). 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.

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 10/18/2017
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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