Townsend John L III 4
4 · INTERNATIONAL PAPER CO /NEW/ · Filed May 12, 2011
Insider Transaction Report
Form 4
Townsend John L III
Director
Transactions
- Award
Common Stock
2011-05-10$32.21/sh+4,036$130,000→ 29,833 total
Footnotes (1)
- [F1]The shares reported are awarded to the participant for service as a director for the 2011-2012 performance year. Shares become free of restrictions and non-forfeitable on the earliest of: (1) May 10, 2012, (ii) death, (iii) disability, (iv) retirement or (v) resignation with the consent of the Board of Directors. In the event of a resignation, the award would be reduced pro rata based on length of service.