4//SEC Filing
WARREN ROBERT A 4
Accession 0001391390-11-000016
CIK 0001391390other
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 7:20 PM ET
Size
18.3 KB
Accession
0001391390-11-000016
Insider Transaction Report
Form 4
WARREN ROBERT A
Senior Vice President
Transactions
- Exercise/Conversion
2008 Restricted Stock Units
2011-02-28−10,566→ 0 totalExp: 2011-02-28→ Common Stock (10,566 underlying) - Disposition to Issuer
2008 Restricted Stock Units
2011-03-01−46,500→ 0 totalExp: 2011-02-28→ Common Stock (46,500 underlying) - Tax Payment
Common Stock
2011-02-28$8.98/sh−3,619$32,499→ 35,595 total - Exercise/Conversion
Common Stock
2011-02-28+10,566→ 39,214 total - Disposition to Issuer
2008 Restricted Stock Units
2011-03-01−28,800→ 0 totalExp: 2011-02-28→ Common Stock (28,800 underlying)
Holdings
- 50,000
2010 Restricted Stock Units
From: 2013-11-15Exp: 2013-11-15→ Common Stock (50,000 underlying) - 232,000
2009 Restricted Stock Units
Exp: 2012-03-15→ Common Stock (232,000 underlying)
Footnotes (6)
- [F1]On May 2, 2008, Mr. Warren was awarded 107,000 restricted stock units (RSUs) under the Boise Inc. Incentive and Performance Plan. A portion of this 2008 award was service-condition vesting (31,700 RSUs) and the remaining portion was market-condition vesting (75,300 RSUs). The first 1/3 of the service-condition vesting RSUs vested on March 2, 2009, and Mr. Warren paid the withholding tax on those shares. The second 1/3 vested on March 1, 2010, and Mr. Warren elected to have shares withheld to satisfy his tax withholding obligations. The final 1/3 vested on February 28, 2011, and Mr. Warren elected to have shares withheld to satisfy his tax withholding obligations. Pursuant to Mr. Warren's Restricted Stock Unit Award Agreement, the company paid cash for the fractional shares.
- [F2]Each restricted stock unit represents a contingent right to receive one share of Boise Inc. common stock.
- [F3]These RSUs would have vested on February 28, 2011, if at some point before that date the company's stock price had closed at or above $10.00 on 20 of any consecutive 30 trading days. We did not meet this stock price performance measure. Pursuant to Mr. Warren's Restricted Stock Unit Award Agreement, these RSUs were forfeited on March 1, 2011.
- [F4]These RSUs would have vested on February 28, 2011, if at some point before that date the company's stock price had closed at or above $12.50 on 20 of any consecutive 30 trading days. We did not meet this stock price performance measure. Pursuant to Mr. Warren's Restricted Stock Unit Award Agreement, these RSUs were forfeited on March 1, 2011.
- [F5]On March 16, 2009, Mr. Warren was awarded 290,000 restricted stock units (RSUs) under the Boise Inc. Incentive and Performance Plan. These service-condition vesting RSUs vest as follows: 58,000 RSUs vested on March 15, 2010; 58,000 will vest on March 15, 2011; and the remaining 174,000 will vest on March 15, 2012.
- [F6]On November 1, 2010, Mr. Warren was awarded 50,000 restricted stock units (RSUs) upon his election as our executive vice president and chief operating officer. These service-condition vesting RSUs vest on November 15, 2013. Any of these RSUs that have not vested on or before November 15, 2013, will be forfeited.
Documents
Issuer
BOISE INC.
CIK 0001391390
Entity typeother
Related Parties
1- filerCIK 0001433998
Filing Metadata
- Form type
- 4
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 7:20 PM ET
- Size
- 18.3 KB