MCCLELLAND CRAIG W 4
4 · INTERNATIONAL PAPER CO /NEW/ · Filed Jun 15, 2006
Insider Transaction Report
Form 4
MCCLELLAND CRAIG W
Director
Transactions
- Award
Common Stock Units
2006-06-15+320→ 19,034 total(indirect: DC Plan)Exercise: $0.00→ Common Stock Units (320 underlying)
Footnotes (4)
- [F1]Share numbers are rounded.
- [F2]The Non-Funded Deferred Compensation Plan for Directors (DC Plan) is an unfunded deferred compensation plan. Deferrals under the DC Plan are held as common stock equivalents of International Paper (units).
- [F3]The units are converted to cash based on the price of International Paper's common stock at the time of distribution.
- [F4]Amounts deferred under the DC Plan are paid in connection with a participant's ceasing service as a Director of International Paper.