HELLER JEFFREY M 4
4 · TEMPLE INLAND INC · Filed May 9, 2011
Insider Transaction Report
Form 4
HELLER JEFFREY M
Director
Transactions
- Award
Restricted Stock Units (deferred)
2011-05-06+966→ 102,796 totalFrom: 2012-05-04Exp: 2027-05-04→ Common Stock (966 underlying)
Holdings
- 20,000
Options (Right to Buy)
Exercise: $12.38From: 2005-05-07Exp: 2014-05-07→ Common Stock (20,000 underlying)
Footnotes (3)
- [F1]Restricted stock units deferred under a Company plan, to be settled upon the Reporting Person's retirement. RSUs earned before 2006 are payable in stock. RSUs earned in 2006 or later are payable in cash.
- [F2]Options Vesting Schedule: Options Exercisable 05/07/2005 - 8,000; Options Exercisable 05/07/2006 - 8,000; Options Exercisable 05/07/2007 - 4,000.
- [F3]The exercise price of these outstanding options were amended from that previously reported in connection with the spin-off announced by the Company effective 12/28/2007, and pursuant to anti-dilution provisions set forth in the option plan and is intended to give the option the same economic value it had before the spin-off.