HELLER JEFFREY M 4
4 · TEMPLE INLAND INC · Filed Nov 7, 2011
Insider Transaction Report
Form 4
HELLER JEFFREY M
Director
Transactions
- Award
Restricted Stock Units (deferred)
2011-11-04+706→ 104,336 totalFrom: 2012-05-04Exp: 2027-05-04→ Common Stock (706 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. Restricted stock units earned before 2006 are payable in stock. Restricted stock units 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.