PLUM CREEK TIMBER CO INC 4
4 · PLUM CREEK TIMBER CO INC · Filed Dec 30, 2015
Insider Transaction Report
Form 4
NEILSON LARRY D
SVP, Businsess Development
Transactions
- Exercise/Conversion
Common Stock
2015-12-29$40.42/sh+15,000$606,300→ 60,742 total - Exercise/Conversion
Stock Option (2008 SIP)
2015-12-29−15,000→ 0 totalExercise: $42.98Exp: 2018-02-04→ Common Stock (15,000 underlying) - Exercise/Conversion
Common Stock
2015-12-29$33.75/sh+16,000$540,000→ 91,742 total - Exercise/Conversion
Stock Option (2009 SIP)
2015-12-29−16,000→ 0 totalExercise: $33.75Exp: 2019-02-09→ Common Stock (16,000 underlying) - Exercise/Conversion
Common Stock
2015-12-29$42.98/sh+15,000$644,700→ 75,742 total - Sale
Common Stock
2015-12-29$48.97/sh−58,000$2,839,976→ 45,742 total - Exercise/Conversion
Common Stock
2015-12-29$35.22/sh+12,000$422,640→ 103,742 total - Exercise/Conversion
Stock Option (2007 SIP)
2015-12-29−15,000→ 0 totalExercise: $40.42Exp: 2017-02-05→ Common Stock (15,000 underlying) - Exercise/Conversion
Stock Option (2010 SIP)
2015-12-29−12,000→ 4,000 totalExercise: $35.22Exp: 2020-02-08→ Common Stock (12,000 underlying)
Holdings
- 16,000
Stock Option (2011 SIP)
Exercise: $41.55Exp: 2021-02-07→ Common Stock (16,000 underlying)
Footnotes (2)
- [F1]The sales of common stock reported in this Form 4 were executed through several individual broker transactions and are being disclosed in Table I on an aggregated basis. All sale transactions occurred within a one dollar price range and the reported sale price of $48.9651 represents the weighted average sale price for the aggregated sale transactions reported herein. The range of sale prices for the sale of 58,000 shares was $48.7743 to $49.1443. The Reporting Person hereby undertakes to provide the SEC Staff, the Issuer, or any security holder of the Issuer with full information regarding the number of shares of common stock sold by the Reporting Person at each separate price upon request.
- [F2]The option granted under the Issuer's 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.