4//SEC Filing
Davis Morris 4
Accession 0001209191-11-003234
CIK 0000731939other
Filed
Jan 13, 7:00 PM ET
Accepted
Jan 14, 4:10 PM ET
Size
19.2 KB
Accession
0001209191-11-003234
Insider Transaction Report
Form 4
Davis Morris
General Counsel
Transactions
- Other
Common Stock
2011-01-12$22.49/sh−244$5,488→ 0 total(indirect: By Trust)
Holdings
- 12,492
Common Stock
- 6,150
Option (Right to Buy)
Exercise: $22.13From: 2007-05-05Exp: 2016-05-05→ Common Stock (6,150 underlying) - 16,129
Options (Right to buy)
Exercise: $16.71From: 2011-02-05Exp: 2020-02-05→ Common Stock (16,129 underlying) - 6,150
Option (Right to Buy)
Exercise: $24.34From: 2008-02-02Exp: 2017-02-02→ Common Stock (6,150 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) - 38,900
Options (Right to buy)
Exercise: $5.64From: 2010-02-06Exp: 2019-02-01→ Common Stock (38,900 underlying) - 40,585
Performance Stock Units
→ Common Stock (40,585 underlying) - 11,286
Performance Stock Units
→ Common Stock (11,286 underlying)
Footnotes (11)
- [F1]Includes 12492 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.
- [F10]Options Vesting Schedule for Options Granted 02/05/2010. Options Exercisable 02/05/2011 - 4,032; Options Exercisable 02/05/2012 - 4,032; Options Exercisable 02/05/2013 - 4,032; and Options Exercisable 02/06/2014 - 4,033.
- [F11]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.
- [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]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.
- [F5]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.
- [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, 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.
- [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 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.
Documents
Issuer
TEMPLE INLAND INC
CIK 0000731939
Entity typeother
Related Parties
1- filerCIK 0001361883
Filing Metadata
- Form type
- 4
- Filed
- Jan 13, 7:00 PM ET
- Accepted
- Jan 14, 4:10 PM ET
- Size
- 19.2 KB