OLSZEWSKI ROBERT J 4

4 · PLUM CREEK TIMBER CO INC · Filed May 6, 2009

Insider Transaction Report

Form 4

Period: 2009-05-04

PLUM CREEK TIMBER CO INCPCL

OLSZEWSKI ROBERT J

VP, Environmental Affairs

Transactions

Disposition to Issuer
Stock Option (2003 SIP)
2009-05-04−5,000→ 0 total
Exercise: $21.91Exp: 2013-01-28→ Common Stock (5,000 underlying)
Award
Stock Option (2005 SIP)
2009-05-04+5,500→ 5,500 total
Exercise: $37.49Exp: 2015-02-09→ Common Stock (5,500 underlying)
Disposition to Issuer
Stock Option (2006 SIP)
2009-05-04−5,000→ 0 total
Exercise: $35.74Exp: 2016-02-03→ Common Stock (5,000 underlying)
Disposition to Issuer
Stock Option (2007 SIP)
2009-05-04−5,000→ 0 total
Exercise: $40.42Exp: 2017-02-05→ Common Stock (5,000 underlying)
Disposition to Issuer
Stock Option (2008 SIP)
2009-05-04−5,000→ 0 total
Exercise: $42.98Exp: 2018-02-04→ Common Stock (5,000 underlying)
Award
Stock Option (2008 SIP)
2009-05-04+5,000→ 5,000 total
Exercise: $42.98Exp: 2018-02-04→ Common Stock (5,000 underlying)
Disposition to Issuer
Stock Option (2009 SIP)
2009-05-04−5,000→ 0 total
Exercise: $33.75Exp: 2019-02-09→ Common Stock (5,000 underlying)
Award
Stock Option (2009 SIP)
2009-05-04+5,000→ 5,000 total
Exercise: $33.75Exp: 2019-02-09→ Common Stock (5,000 underlying)
Award
Stock Option (2003 SIP)
2009-05-04+5,000→ 5,000 total
Exercise: $21.91Exp: 2013-01-28→ Common Stock (5,000 underlying)
Disposition to Issuer
Stock Option (2005 SIP)
2009-05-04−5,500→ 0 total
Exercise: $37.49Exp: 2015-02-09→ Common Stock (5,500 underlying)
Award
Stock Option (2006 SIP)
2009-05-04+5,000→ 5,000 total
Exercise: $35.74Exp: 2016-02-03→ Common Stock (5,000 underlying)
Award
Stock Option (2007 SIP)
2009-05-04+5,000→ 5,000 total
Exercise: $40.42Exp: 2017-02-05→ Common Stock (5,000 underlying)
Disposition to Issuer
Stock Option (2004 SIP)
2009-05-04−5,000→ 0 total
Exercise: $30.91Exp: 2014-02-02→ Common Stock (5,000 underlying)
Award
Stock Option (2004 SIP)
2009-05-04+5,000→ 5,000 total
Exercise: $30.91Exp: 2014-02-02→ Common Stock (5,000 underlying)

Holdings

Common Stock
6,718
Common Stock
(indirect: By Trust)
2,180

Footnotes (7)

[F1]The reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the option and the grant of a replacement option. The option was originally granted on January 28, 2003 and vests in four equal annual installments, beginning one year after the date of grant.
[F2]The reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the option and the grant of a replacement option. The option was originally granted on February 2, 2004 and vests in four equal annual installments, beginning one year after the date of grant.
[F3]The reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the option and the grant of a replacement option. The option was originally granted on February 9, 2005 and vests in four equal annual installments, beginning one year after the date of grant.
[F4]The reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the option and the grant of a replacement option. The option was originally granted on February 3, 2006 and vests in four equal annual installments, beginning one year after the date of grant.
[F5]The reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the option and the grant of a replacement option. The option was originally granted on February 5, 2007 and vests in four equal annual installments, beginning one year after the date of grant.
[F6]The reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the option and the grant of a replacement option. The option was originally granted on February 4, 2008 and vests in four equal annual installments, beginning one year after the date of grant.
[F7]The reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the option and the grant of a replacement option. The option was originally granted on February 9, 2009 and vests in four equal annual installments, beginning one year after the date of grant.

Documents

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olszewskiopt09_ex.xmlPrimary