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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
1214405	E Eric Elder	24025 Park Sorrento, Suite 400 Calabasas CA 91302	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	Explanation
Common Stock	Acquisiton	2010-08-02	30,000	$6.04	85,324	No	4	M	Direct
Common Stock	Disposition	2010-08-02	30,000	$16.71	55,324	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
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	2010-08-02	30,000	$0.00	30,000	$6.04

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2001-09-01	2010-09-01	No	4	M	Direct

Footnotes

The price reported in Column 4 is a weighted average price. The prices actually received ranged from $16.6683 to $16.78. The reporting person will provide the issuer, any security holder of issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
Includes 1,956 shares held by the Ryland Retirement Savings Opportunity Plan and allocated to the account of the Reporting Person pursuant to the conversion of Series A ESOP Convertible Preferred Shares held by the Plan as required by Section 409(1)(3) of the Internal Revenue Code.