4//SEC Filing
Norton Larry C 4
Accession 0001209191-11-003224
CIK 0000731939other
Filed
Jan 13, 7:00 PM ET
Accepted
Jan 14, 4:01 PM ET
Size
15.9 KB
Accession
0001209191-11-003224
Insider Transaction Report
Form 4
Norton Larry C
Group VP-Cor Pkg-Operations
Transactions
- Other
Common Stock
2011-01-12$22.49/sh−90$2,024→ 0 total(indirect: By Trust)
Holdings
- 42,950
Common Stock
- 92,469
Options (right to buy)
Exercise: $19.50From: 2009-02-01Exp: 2018-02-01→ Common Stock (92,469 underlying) - 100,810
Options (right to buy)
Exercise: $5.64From: 2010-02-06Exp: 2019-02-06→ Common Stock (100,810 underlying) - 105,177
Performance Stock Units
→ Common Stock (105,177 underlying) - 41,668
Options (right to buy)
Exercise: $16.71From: 2011-02-05Exp: 2020-02-05→ Common Stock (41,668 underlying) - 29,156
Performance Stock Units
→ Common Stock (29,156 underlying) - 30,061
Restricted Stock Units
→ Common Stock (30,061 underlying)
Footnotes (9)
- [F1]Includes 42,950 Restricted Stock Units granted to Reporting Person on February 5, 2010. These RSUs will vest effective February 5, 2013 if 1% ROI or ROI in top three quartiles of peer group performance criteria is met, and will be settled for stock on the vesting date.
- [F2]Reporting Person held shares under a 401(k) plan, and figures are according to the latest report of the Plan Administrator. (Note: Plan Administrator used unit accounting; therefore, share equivalents may fluctuate slightly.)
- [F3]As reported by the plan administrator on January 13, 2011, between January 1, 2011 and January 12, 2011 the 401(k) plan administrator completed a mandatory divestiture of all stock in the company stock fund upon direction of the plan trustees in accordance with policy adopted in 2007 for all plan participants.
- [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 on or after February 6, 2012 at 100% if the Company's average ROI falls within the first quartile ROI ranking compared to its peer group; 75% if in the second quartile; zero if in the bottom half. PSUs will be settled for cash based on the fair market value on the vesting date.
- [F8]Options Vesting Schedule for Options Granted 02/05/2010. Options Exercisable 02/05/2011 - 10417; Options Exercisable 02/05/2012 - 10417; Options Exercisable 02/05/2013 - 10417; and Options Exercisable 02/06/2014 - 10417.
- [F9]Performance Stock Units granted on February 5, 2010 will vest on or after February 5, 2013 at 100% if the Company's average ROI falls within the first quartile ROI ranking compared to its peer group; 75% if in the second quartile, zero if in the bottom half. PSUs 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 0001434500
Filing Metadata
- Form type
- 4
- Filed
- Jan 13, 7:00 PM ET
- Accepted
- Jan 14, 4:01 PM ET
- Size
- 15.9 KB