Faulkner Larry R 4
4 · TEMPLE INLAND INC · Filed Nov 10, 2009
Insider Transaction Report
Form 4
Faulkner Larry R
Director
Transactions
- Award
Phantom Stock
2009-11-06+3,221→ 69,752 totalExercise: $15.81From: 2016-05-06Exp: 2031-05-06→ Common Stock (69,752 underlying)
Holdings
- 20,000
Option (right to buy)
Exercise: $17.51From: 2006-08-05Exp: 2015-08-05→ Common Stock (20,000 underlying) - 200(indirect: By IRA)
Common Stock
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 08/05/2006 - 8,000, Options Exercisable 08/05/2007 - 8,000, and Options Exercisable 08/05/2008 - 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.