4//SEC Filing
Davis Morris 4
Accession 0001209191-09-024670
CIK 0000731939other
Filed
May 5, 8:00 PM ET
Accepted
May 6, 1:19 PM ET
Size
18.4 KB
Accession
0001209191-09-024670
Insider Transaction Report
Form 4
Davis Morris
General Counsel
Transactions
- Exercise/Conversion
Restricted Stock Units
2009-05-05−8,150→ 0 totalExercise: $12.22→ Common Stock (8,150 underlying)
Holdings
- 247(indirect: By Trust)
Common Stock
- 6,150
Option (Right to Buy)
Exercise: $24.34From: 2008-02-02Exp: 2017-02-02→ Common Stock (6,150 underlying) - 8,500
Restricted Stock Units
→ Common Stock (8,500 underlying) - 34,930
Option (Right to buy)
Exercise: $19.50From: 2009-02-01Exp: 2018-02-01→ Common Stock (34,930 underlying) - 12,029
Restricted Stock Units
→ Common Stock (12,029 underlying) - 40,585
Performance Stock Units
→ Common Stock (40,585 underlying) - 6,150
Option (Right to Buy)
Exercise: $22.13From: 2007-05-05Exp: 2016-05-05→ Common Stock (6,150 underlying) - 38,900
Options (Right to buy)
Exercise: $5.64From: 2010-02-06Exp: 2019-02-01→ Common Stock (38,900 underlying)
Footnotes (9)
- [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.)
- [F2]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.
- [F3]Options Vesting Schedule for Options Granted 02/02/2007: Options Exerciserable 02/02/2008 - 1537; Options Exerciserable 02/02/2009 - 1538; Options Exerciserable 02/02/2010 - 1537; and Options Exerciserable 02/02/2011 - 1538.
- [F4]Restricted Stock Units settled for cash.
- [F5]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.
- [F6]Granted 02/01/2008 Option Vesting Schedule: Options exercisable 02/01/2009, 8732; Options exercisable 02/01/2010, 8733; Options exercisable 02/04/2010, 8732; Options exercisable 02/01/2012, 8733.
- [F7]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.
- [F8]Options Vesting Schedule for Options Granted 02/06/2009. Options Exerciserable 02/06/2010 - 9725; Options Exerciserable 02/06/2011 - 9725; Options Exerciserable 02/06/2012 - 9725; and Options Exerciserable 02/06/2013 - 9725.
- [F9]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.
Documents
Issuer
TEMPLE INLAND INC
CIK 0000731939
Entity typeother
Related Parties
1- filerCIK 0001361883
Filing Metadata
- Form type
- 4
- Filed
- May 5, 8:00 PM ET
- Accepted
- May 6, 1:19 PM ET
- Size
- 18.4 KB