PLUM CREEK TIMBER CO INC 4
4 · PLUM CREEK TIMBER CO INC · Filed Aug 5, 2005
Insider Transaction Report
Form 4
BROWN WILLIAM R
Ex. Vice President and CFO
Transactions
- Tax Payment
Common Stock
2005-08-03$37.96/sh−7,517.5$285,364→ 40,005 total
Holdings
- 35,000
Stock Option (2004 SIP)
Exercise: $30.91Exp: 2014-02-02→ Common Stock (35,000 underlying) - 35,000
Stock Option (2003 SIP)
Exercise: $21.91Exp: 2013-01-28→ Common Stock (35,000 underlying) - 30,000
Stock Option (2005 SIP)
Exercise: $37.49Exp: 2015-02-09→ Common Stock (30,000 underlying) - 35,000
Stock Option (2002 SIP)
Exercise: $29.70Exp: 2012-01-24→ Common Stock (35,000 underlying) - 30,000
Stock Option (2001 SIP)
Exercise: $26.25Exp: 2011-01-25→ Common Stock (30,000 underlying)
Footnotes (2)
- [F1]The Reporting Person previously reported 43,476.50 shares of the Issuer's common stock as held indirectly in an employee benefits trust. Pursuant to a one-time election made by the Reporting Person in accordance with Section 409A of the American Jobs Creation Act, the shares of common stock were distributed to, and are now held directly by, the Reporting Person. In accordance with the terms of the trust, shares of common stock with a market value on the date of the distribution equal to withholding taxes payable on the distributed shares were withheld.
- [F2]The option issued under the Plum Creek Stock Incentive Plan provides the right to purchase Common Stock at the fair market value thereof on the date of grant, and will be exercisable after vesting. The option vests in four equal annual installments, beginning one year after the date of grant.