4//SEC Filing
Wilson Nancy L 4
Accession 0001181431-10-003018
CIK 0000849213other
Filed
Jan 12, 7:00 PM ET
Accepted
Jan 13, 9:39 PM ET
Size
18.2 KB
Accession
0001181431-10-003018
Insider Transaction Report
Form 4
Wilson Nancy L
VP, Operations Support
Transactions
- Award
Common Stock
2010-01-12$37.76/sh+48$1,812→ 4,412.26 total - Award
Common Stock
2010-01-12$37.76/sh+985$37,194→ 4,364.26 total
Holdings
- 1,000
Stock Option (2002 SIP)
Exercise: $29.70Exp: 2012-01-24→ Common Stock (1,000 underlying) - 4,000
Stock Option (2007 SIP)
Exercise: $40.42Exp: 2017-02-05→ Common Stock (4,000 underlying) - 5,000
Stock Option (2009 SIP)
Exercise: $33.75Exp: 2019-02-09→ Common Stock (5,000 underlying) - 1,000
Stock Option (2003 SIP)
Exercise: $21.91Exp: 2013-01-28→ Common Stock (1,000 underlying) - 1,000
Stock Option (2004 SIP)
Exercise: $30.91Exp: 2014-02-02→ Common Stock (1,000 underlying) - 2,000
Stock Option (2005 SIP)
Exercise: $37.49Exp: 2015-02-09→ Common Stock (2,000 underlying) - 2,200
Stock Option (2006 SIP)
Exercise: $35.74Exp: 2016-02-03→ Common Stock (2,200 underlying) - 4,700
Stock Option (2008 SIP)
Exercise: $42.98Exp: 2018-02-04→ Common Stock (4,700 underlying)
Footnotes (3)
- [F1]Represents shares of common stock acquired pursuant to the settlement of performance rights awarded under the Plum Creek Stock Incentive Plan (SIP). The performance rights vest at a specified percentage of face value ($100 per unit), depending upon the Issuer's total shareholder return (TSR) at the end of a three-year performance period relative to selected peer groups. The Issuer's Compensation Committee (Committee) certified achievement of the performance goal on January 11, 2010. Plan participants may elect to take common stock in lieu of a cash payment (net of withholding taxes) based on the closing price of the common stock on the last trading date of the performance period. If the plan participant does not meet the Issuer's Stock Ownership Guidelines, up to 50% of the cash payment (net of withholding taxes) due upon settlement must be paid in common stock.
- [F2]Represents shares of common stock acquired pursuant to the settlement of performance rights awarded under the SIP. A cash amount equal to a percentage of the dividends paid on the Issuer's common stock accrues over a five-year performance period if the Issuer achieves a minimum TSR. If the minimum TSR is met the percentage of dividends accrued each year ranges from 0 to 100%, depending on the Issuer's TSR relative to selected peer groups. The Committee certified achievement of the performance goals on January 11, 2010. Plan participants may elect to take common stock in lieu of a cash payment (net of withholding taxes) based on the closing price of the common stock on the last trading date of the performance period. If the plan participant does not meet the Issuer's Stock Ownership Guidelines, up to 50% of the cash payment (net of withholding taxes) due upon settlement must be paid in common stock.
- [F3]The option granted under the SIP 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.
Documents
Issuer
PLUM CREEK TIMBER CO INC
CIK 0000849213
Entity typeother
Related Parties
1- filerCIK 0001461111
Filing Metadata
- Form type
- 4
- Filed
- Jan 12, 7:00 PM ET
- Accepted
- Jan 13, 9:39 PM ET
- Size
- 18.2 KB