4//SEC Filing
LASSA JUDITH M 4
Accession 0001391390-11-000024
CIK 0001391390other
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 9:39 PM ET
Size
8.2 KB
Accession
0001391390-11-000024
Insider Transaction Report
Form 4
LASSA JUDITH M
Vice President
Transactions
- Tax Payment
Common Stock
2011-02-28$8.98/sh−2,603$23,375→ 286,039 total - Disposition to Issuer
Common Stock
2011-03-01−54,200→ 231,839 total
Footnotes (2)
- [F1]On May 2, 2008, Ms. Lassa was awarded 77,000 shares of restricted stock under the Boise Inc. Incentive and Performance Plan. A portion of this 2008 award was service-condition vesting (22,800 shares) and the remaining portion was market-condition vesting (54,200 shares). The first 1/3 of the service-condition vesting restricted stock vested on March 2, 2009, and Ms. Lassa paid the withholding tax on those shares. The second 1/3 vested on March 1, 2010, and Ms. Lassa elected to have shares withheld to satisfy her tax withholding obligations. The final 1/3 vested on February 28, 2011, and Ms. Lassa elected to have shares withheld to satisfy her tax withholding obligations. Pursuant to Ms. Lassa's Restricted Stock Award Agreement, the company paid cash for the fractional shares.
- [F2]The market-condition vesting portion of Ms. Lassa's 2008 award (54,200 shares) would have vested as follows: 20,700 shares 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; and 33,500 shares 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. The company did not meet either of these stock price performance measures. Pursuant to Ms. Lassa's Restricted Stock Award Agreement, these 54,200 shares of market-condition vesting restricted stock were forfeited on March 1, 2011.
Documents
Issuer
BOISE INC.
CIK 0001391390
Entity typeother
Related Parties
1- filerCIK 0001326946
Filing Metadata
- Form type
- 4
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 9:39 PM ET
- Size
- 8.2 KB