PLUM CREEK TIMBER CO INC 4
4 · PLUM CREEK TIMBER CO INC · Filed Feb 6, 2008
Insider Transaction Report
Form 4
Coley Elwood B Jr
VP, Corp. Ptnrs and Bioenergy
Transactions
- Award
Common Stock
2008-02-04+1,800→ 11,800 total - Award
Stock Option (2008 SIP)
2008-02-04+5,000→ 5,000 totalExercise: $42.98Exp: 2018-02-04→ Common Stock (5,000 underlying)
Holdings
- 5,000
Stock Option (2007 SIP)
Exercise: $39.31Exp: 2017-03-01→ Common Stock (5,000 underlying)
Footnotes (2)
- [F1]Represents Restricted Stock Units (RSUs) granted under the Plum Creek Stock Incentive Plan. The RSUs vest annually over a four-year period in equal installments. Upon vesting, the RSUs are paid to the Reporting Person in an equal number of shares of the Issuer's common stock. During the vesting period, the Reporting Person is entitled to receive cash payments equal to the amount of any dividend declared and paid on the Issuers's common stock multiplied by the number of unvested RSUs then held by the Reporting Person.
- [F2]The option granted 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 becomes exercisable after vesting. The option vests in four equal annual installments, beginning one year after the date of grant.