Davis Morris 4
4 · TEMPLE INLAND INC · Filed Jan 14, 2011
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.