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4//SEC Filing

SWEENY JACK C 4

Accession 0001209191-08-007801

CIK 0000731939other
View on SEC.govCompany Profile

Filed

Feb 4, 7:00 PM ET

Accepted

Feb 5, 4:33 PM ET

Size

29.1 KB

Accession

0001209191-08-007801

Insider Transaction Report

Form 4
Period: 2008-02-01
TEMPLE INLAND INCTIN
SWEENY JACK C
Group VP, Forest Products
Transactions
  • Award

    Option (right to buy)

    2008-02-01+116,135→ 116,135 total
    Exercise: $19.50From: 2009-02-01Exp: 2018-02-01→ Common Stock (116,135 underlying)
  • Award

    Restricted Stock Units

    2008-02-01+36,506→ 36,506 total
    → Common Stock (36,506 underlying)
  • Tax Payment

    Common Stock

    2008-02-04$18.70/sh−2,645$49,462→ 8,167 total
  • Tax Payment

    Common Stock

    2008-02-01$19.50/sh−794$15,483→ 10,812 total(indirect: By Trust)
Holdings

  • Option (right to buy)

    Exercise: $6.92From: 2004-02-07Exp: 2013-02-07→ Common Stock (20,000 underlying)
    20,000

  • Restricted Stock Units

    → Common Stock (23,000 underlying)
    23,000

  • Option (right to buy)

    Exercise: $9.37From: 2002-02-02Exp: 2011-02-02→ Common Stock (30,000 underlying)
    30,000

  • Option (right to buy)

    Exercise: $10.56From: 2003-02-01Exp: 2012-02-01→ Common Stock (40,000 underlying)
    40,000

  • Option (right to buy)

    Exercise: $16.14From: 2006-02-04Exp: 2015-02-04→ Common Stock (24,000 underlying)
    24,000

  • Restricted Stock Units

    → Common Stock (24,500 underlying)
    24,500

  • Option (right to buy)

    Exercise: $11.96From: 2005-02-06Exp: 2014-02-06→ Common Stock (18,000 underlying)
    18,000

  • Option (right to buy)

    Exercise: $21.55From: 2007-02-03Exp: 2016-02-03→ Common Stock (24,600 underlying)
    24,600

  • Common Stock

    77,866
Footnotes (14)
  • [F1]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.)
  • [F10]Options Vesting Schedule for Options Granted 02/03/2006: Options Exerciserable 02/03/2007 - 6,150; Options Exerciserable 02/03/2008 - 6,150; Options Exerciserable 02/03/2009 - 6,150; and Options Exerciserable 02/03/2010 - 6,150.
  • [F11]Options Vesting Schedule for Options Granted 02/02/2007: Options Exerciserable 02/02/2008 - 6,150; Options Exerciserable 02/02/2009 - 6,150; Options Exerciserable 02/02/2010 - 6,150; and Options Exerciserable 02/02/2011 - 6,150.
  • [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. 10,500 Restricted Stock Units granted on February 3, 2006 and 12,500 Performance Stock Units granted on February 3, 2006 (not considered derivative securities) were cancelled for a total of 23,000 cancelled units (10,500 + 12,500 = 23,000). 23,000 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. 9,000 Restricted Stock Units granted on February 2, 2007 and 15,500 Performance Stock Units granted on February 2, 2007 (not considered derivative securities) were cancelled for a total of 24,500 cancelled units (9,000 + 15,500 = 24,500). 24,500 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, 29034; Options exercisable 02/01/2010, 29034; Options exercisable 02/01/2011, 29034; Options exercisable 02/01/2012, 29033.
  • [F2]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.
  • [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: Options Exercisable 02/02/2002 - 7,500; Options Exercisable 02/02/2003 - 7,500; Options Exercisable 02/02/2004 - 7,500; Options Exercisable 02/02/2005 - 7,500.
  • [F5]Options Vesting Schedule: Options Exercisable 02/01/2003 - 10,000; Options Exercisable 02/01/2004 - 10,000; Options Exercisable 02/01/2005 - 10,000; Options Exercisable 02/01/2006 - 10,000.
  • [F6]Restricted Stock Units granted on February 1, 2008 will vest effective February 1, 2010 if 1% ROI performance criteria is met. Restricted Stock Units will be settled for cash based on the fair market value on the vesting date.
  • [F7]Options Vesting Schedule: Options Exercisable 02/07/2004 - 5,000; Options Exercisable 02/07/2005 - 5,000; Options Exercisable 02/07/2006 - 5,000; Options Exercisable 02/07/2007 - 5,000.
  • [F8]Options Vesting Schedule: Options exercisable 02/06/2005 - 4,500; Options Exercisable 02/06/2006 - 4,500; Options Exercisable 02/06/2007 - 4,500; Options Exercisable 02/06/2008 - 4,500.
  • [F9]Option Vesting Schedule: Options exercisable 02/04/2006 - 6,000; Options exercisable 02/04/2007 - 6,000; Options exercisable 02/04/2008 - 6,000; Options exercisable 02/04/2009 - 6,000.

Documents

1 file

Issuer

TEMPLE INLAND INC

CIK 0000731939

→
Entity typeother

Related Parties

1
  • filerCIK 0001185928

Filing Metadata

Form type
4
Filed
Feb 4, 7:00 PM ET
Accepted
Feb 5, 4:33 PM ET
Size
29.1 KB
View on SEC.gov