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4//SEC Filing

TURPIN DAVID W 4

Accession 0001209191-08-007754

CIK 0000731939other
View on SEC.govCompany Profile

Filed

Feb 4, 7:00 PM ET

Accepted

Feb 5, 4:16 PM ET

Size

30.5 KB

Accession

0001209191-08-007754

Insider Transaction Report

Form 4
Period: 2008-02-01
TEMPLE INLAND INCTIN
TURPIN DAVID W
Treasurer
Transactions
  • Award

    Restricted Stock Units

    2008-02-01+12,029→ 12,029 total
    From: 2009-02-01Exp: 2018-02-01→ Common stock (12,029 underlying)
  • Award

    Options (right to buy)

    2008-02-01+34,930→ 34,930 total
    Exercise: $19.50From: 2009-02-01Exp: 2018-02-01→ Common Stock (34,930 underlying)
Holdings

  • Option (right to buy)

    Exercise: $10.55From: 2001-02-04Exp: 2010-02-04→ Common Stock (10,000 underlying)
    10,000

  • Option (right to buy)

    Exercise: $9.37From: 2002-02-02Exp: 2011-02-02→ Common Stock (5,000 underlying)
    5,000

  • Option (right to buy)

    Exercise: $21.55From: 2007-02-03Exp: 2016-02-03→ Common Stock (6,150 underlying)
    6,150

  • Common Stock

    (indirect: By Trust)
    5,695

  • Common Stock

    22,056

  • Option (right to buy)

    Exercise: $10.56From: 2003-02-01Exp: 2012-02-01→ Common Stock (20,000 underlying)
    20,000

  • Common Stock

    (indirect: By IRA)
    400

  • Restricted Stock Units

    → Common Stock (8,150 underlying)
    8,150

  • Option (right to buy)

    Exercise: $11.73From: 2000-02-05Exp: 2009-02-05→ Common Stock (6,000 underlying)
    6,000

  • Option (right to buy)

    Exercise: $6.92From: 2004-02-07Exp: 2013-02-07→ Common Stock (12,000 underlying)
    12,000

  • Restricted Stock Units

    → Common Stock (8,500 underlying)
    8,500
Footnotes (15)
  • [F1]In accordance with the Shareholder Rights Plan adopted by the Company on February 9, 1999, Preferred Stock Purchase Rights are deemed to be attached to the shares of Common Stock.
  • [F10]Options Vesting Schedule for Options Granted 02/03/2006 at an exercise price of $46.20: Options Exerciserable 02/03/2007 - 1,537; Options Exerciserable 02/03/2008 - 1,538; Options Exerciserable 02/03/2009 - 1,537; and Options Exerciserable 02/03/2010 - 1,538.
  • [F11]Options Vesting Schedule for Options Granted 02/02/2007: Options Exerciserable 02/02/2008 - 1,537; Options Exerciserable 02/02/2009 - 1,538; Options Exerciserable 02/02/2010 - 1,537; and Options Exerciserable 02/02/2011 - 1,538.
  • [F12]As disclosed in Form 8-K dated August 9, 2007, restricted stock units ("RSUs") and performance stock units awarded in 2006 and 2007 were cancelled August 9 and new RSUs were issued with 1% ROI performance criteria to reflect the Company?s Transformation Plan. 3,150 Restricted Stock Units granted on February 3, 2006 and 5,000 Performance Stock Units granted on February 3, 2006 (not considered derivative securities) were cancelled for a total of 8,150 cancelled units (3,150 + 5,000 = 8,150). 8,150 new Restricted Stock Units were issued on August 9, 2007 and will vest on February 3, 2009. Restricted Stock Units will be settled for cash based on the fair market value on the vesting date subject to a 1% ROI performance criteria.
  • [F13]As disclosed in Form 8-K dated August 9, 2007, restricted stock units ("RSUs") and performance stock units awarded in 2006 and 2007 were cancelled August 9 and new RSUs were issued with 1% ROI performance criteria to reflect the Company?s Transformation Plan. 2,750 Restricted Stock Units granted on February 2, 2007 and 5,750 Performance Stock Units granted on February 2, 2007 (not considered derivative securities) were cancelled for a total of 8,500 cancelled units (2,750 + 5,750 = 8,500). 8,500 new Restricted Stock Units were issued on August 9, 2007 and will vest on February 2, 2010. Restricted Stock Units will be settled for cash based on the fair market value on the vesting date subject to a 1% ROI performance criteria.
  • [F14]Granted 02/01/2008 Option Vesting Schedule: Options exercisable 02/01/2009, 8733; Options exercisable 02/01/2010, 8733; Options exercisable 02/01/2011, 8733; Options exercisable 02/01/2012, 8731.
  • [F15]Phantom shares accrued under a Company plan, to be settled upon the reporting person's retirement. Phantom shares earned before 2006 are payable in stock. Phantom shares earned in 2006 or later are payable in cash.
  • [F2]Reporting Person acquired additional shares through on-going acquisitions under 401(k) plan. By trustee of the Temple-Inland Salaried Savings Plan according to the latest report of the Plan Administrator. (Note: Trustee uses unit accounting; therefore, share equivalents may fluctuate slightly from month to month.)
  • [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.
  • [F4]Options Vesting Schedule for Options Granted 02/04/2000 at an exercise price of $27.64: Options exercisable 02/04/2001 - 2,000; Options exercisable 02/04/2002 - 2,000; Options exercisable 02/04/2003 - 2,000; Options exercisable 02/04/2004 - 2,000; Options exercisable 02/04/2005 - 2,000.
  • [F5]Options Vesting Schedule for Options Granted 02/02/2001 at an exercise price of $25.65: Options exercisable 02/02/2005 - 5,000.
  • [F6]Options Vesting Schedule for Options Granted 02/01/2002 at an exercise price of $27.66: Options Exercisable 02/01/2003 - 5,000; Options Exercisable 02/01/2004 - 5,000; Options Exercisable 02/01/2005 - 5,000; Options Exercisable 02/01/2006 - 5,000.
  • [F7]Options Vesting Schedule for Options Granted 02/07/2003 at an exercise price of $21.51: Options Exercisable 02/07/2004 - 3,000; Options Exercisable 02/07/2005 - 3,000; Options Exercisable 02/07/2006 - 3,000; Options Exercisable 02/07/2007 - 3,000.
  • [F8]Options Vesting Schedule for Options Granted 02/06/2004 at an exercise price of $30.02: Options Exercisable 02/06/2005 - 1,500; Options Exercisable 02/06/2006 - 1,500; Options Exercisable 02/06/2007 - 1,500; Options Exercisable 02/06/2008 - 1,500.
  • [F9]Option Vesting Schedule for Options Granted 02/04/2005 at an exercise price of $37.07: Options exercisable 02/04/2006 - 1,500; Options exercisable 02/04/2007 - 1,500; Options exercisable 02/04/2008 - 1,500; Options exercisable 02/04/2009 - 1,500.

Documents

1 file

Issuer

TEMPLE INLAND INC

CIK 0000731939

→
Entity typeother

Related Parties

1
  • filerCIK 0001185934

Filing Metadata

Form type
4
Filed
Feb 4, 7:00 PM ET
Accepted
Feb 5, 4:16 PM ET
Size
30.5 KB
View on SEC.gov