BESCHLOSS AFSANEH MASHAYEKHI 4
4 · TEMPLE INLAND INC · Filed Feb 5, 2008
Insider Transaction Report
Form 4
BESCHLOSS AFSANEH MASHAYEKHI
Director
Transactions
- Award
Phantom Shares
2008-02-01+22,853→ 56,723 totalExercise: $19.50From: 2028-05-05Exp: 2043-05-05→ Common Stock (56,723 underlying)
Holdings
- 20,000
Option (right to buy)
Exercise: $10.56From: 2003-02-01Exp: 2012-02-01→ Common Stock (20,000 underlying)
Footnotes (3)
- [F1]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.
- [F2]Options Vesting Schedule: Options Exercisable 02/01/2003 - 8,000; Options Exercisable 02/01/2004 - 8,000; Options Exercisable 02/01/2005 - 4,000.
- [F3]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.