HELLER JEFFREY M 4
4 · TEMPLE INLAND INC · Filed May 5, 2009
Insider Transaction Report
Form 4
HELLER JEFFREY M
Director
Transactions
- Award
Phantom Shares
2009-05-01+4,672→ 88,215 totalExercise: $12.15From: 2012-05-04Exp: 2027-05-04→ Common Stock (88,215 underlying)
Holdings
- 20,000
Option (right to buy)
Exercise: $12.38From: 2005-05-07Exp: 2014-05-07→ 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 05/07/2005 - 8,000; Options Exercisable 05/07/2006 - 8,000; Options Exercisable 05/07/2007 - 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.