Ray Thomas G 4
4 · PLUM CREEK TIMBER CO INC · Filed Mar 22, 2013
Insider Transaction Report
Form 4
Ray Thomas G
Vice President, MT Operations
Transactions
- Exercise/Conversion
Common Stock
2013-03-20$37.49/sh+2,750$103,098→ 19,180 total - Exercise/Conversion
Common Stock
2013-03-20$40.42/sh+2,500$101,050→ 21,680 total - Sale
Common Stock
2013-03-20$50.01/sh−5,250$262,560→ 16,430 total - Exercise/Conversion
Stock Option (2005 SIP)
2013-03-20−2,750→ 0 totalExercise: $37.49Exp: 2015-02-09→ Common Stock (2,750 underlying) - Exercise/Conversion
Stock Option (2007 SIP)
2013-03-20−2,500→ 2,500 totalExercise: $40.42Exp: 2017-02-05→ Common Stock (2,500 underlying)
Holdings
- 12,000
Stock Option (2011 SIP)
Exercise: $41.55Exp: 2021-02-07→ Common Stock (12,000 underlying) - 5,000
Stock Option (2008 SIP)
Exercise: $42.98Exp: 2018-02-04→ Common Stock (5,000 underlying) - 6,500
Stock Option (2009 SIP)
Exercise: $33.75Exp: 2019-02-09→ Common Stock (6,500 underlying) - 10,000
Stock Option (2010 SIP)
Exercise: $35.22Exp: 2020-02-08→ Common Stock (10,000 underlying)
Footnotes (3)
- [F1]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 9, 2012.
- [F2]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 $50.0115 represents the weighted average sale price for the aggregated sale transactions reported herein. The range of sale prices for the sale of 5,250 shares was $50.00 to $50.03. 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.
- [F3]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.