Norton Larry C 4
4 · TEMPLE INLAND INC · Filed Feb 10, 2009
Insider Transaction Report
Form 4
Norton Larry C
Group VP-Cor Pkg-Operations
Transactions
- Award
Performance Stock Units
2009-02-06+105,177→ 105,177 total→ Common Stock (105,177 underlying) - Award
Options (right to buy)
2009-02-06+100,810→ 100,810 totalExercise: $5.64From: 2010-02-06Exp: 2019-02-06→ Common Stock (100,810 underlying)
Holdings
- 35,000
Restricted Shares
→ Common Stock (35,000 underlying) - 92,469
Options (right to buy)
Exercise: $19.50From: 2009-02-01Exp: 2018-02-01→ Common Stock (92,469 underlying) - 30,061
Restricted Shares
→ Common Stock (30,061 underlying) - 10,000
Common Stock
- 91(indirect: By Trust)
Common Stock
Footnotes (7)
- [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.
- [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]Restricted Shares granted on August 9, 2007 that will vest effective May 4, 2010. Restricted Shares will be settled for cash based on the fair market value on the vesting date subject to a 1% ROI performance criteria.
- [F4]Restricted Stock Units granted on February 1, 2008 will vest effective February 1, 2011 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.
- [F5]Granted 02/01/2008 Option Vesting Schedule: Options exercisable 02/01/2009, 23117; Options exercisable 02/01/2010, 23117; Options exercisable 02/01/2011, 23117; Options exercisable 02/01/2012, 23118.
- [F6]Options Vesting Schedule for Options Granted 02/06/2009. Options Exerciserable 02/06/2010 - 25202; Options Exerciserable 02/06/2011 - 25203; Options Exerciserable 02/06/2012 - 25202; and Options Exerciserable 02/06/2013 - 25203.
- [F7]Performance Stock Units granted on February 6, 2009 will vest effective February 6, 2012 if 1% ROI performance criteria is met, or Company is above the 4th Quartile ROI ranking compared to its peer group. Performance Stock Units will be settled for cash based on the fair market value on the vesting date.