Insider Trades - FRISTOE DAVID L

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FRISTOE DAVID L: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
RYLAND GROUP INC Officer NYSE:RYL (historical quotes, profile, SEC, other insiders)	1-May-09	19,746	Direct

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
1-May-09 11,001 RYL Option Exercise at $0 per share.
1-May-09 5,501 RYL Disposition (Non Open Market) at $19.80 per share.
(Value of $108,919)
1-May-08 7,333 RYL Option Exercise at $0 per share.
1-May-08 3,667 RYL Disposition (Non Open Market) at $33.14 per share.
(Value of $121,524)

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
1-May-09	11,001	RYL	Option Exercise at $0 per share.
1-May-09	5,501	RYL	Disposition (Non Open Market) at $19.80 per share. (Value of $108,919)
1-May-08	7,333	RYL	Option Exercise at $0 per share.
1-May-08	3,667	RYL	Disposition (Non Open Market) at $33.14 per share. (Value of $121,524)