STRENGE ROBERT E 4

Accession 0001391390-11-000041

CIK 0001391390other

View on SEC.gov Company Profile

Filed

Mar 16, 8:00 PM ET

Accepted

Mar 17, 12:23 PM ET

Size

17.4 KB

Accession

0001391390-11-000041

Insider Transaction Report

Form 4

Period: 2011-03-15

BOISE INC.BZ

STRENGE ROBERT E

Senior Vice President

Transactions

Award
2011 Restricted Stock Units
2011-03-15+9,078→ 9,078 total
From: 2012-03-15Exp: 2012-03-15→ Common Stock (9,078 underlying)
Exercise/Conversion
2009 Restricted Stock Units
2011-03-15−46,000→ 138,000 total
From: 2010-03-15Exp: 2012-03-15→ Common Stock (46,000 underlying)
Exercise/Conversion
Common Stock
2011-03-15+46,000→ 100,705 total
Award
2011 Restricted Stock Units
2011-03-15+10,898→ 10,898 total
From: 2013-03-15Exp: 2014-03-17→ Common Stock (10,898 underlying)
Award
2011 Stock Option
2011-03-15+21,472→ 21,472 total
Exercise: $8.55From: 2013-03-15→ Common Stock (21,472 underlying)
Tax Payment
Common Stock
2011-03-15$8.55/sh−15,755$134,705→ 84,950 total

Footnotes (5)

[F1]On March 16, 2009, Mr. Strenge was awarded 230,000 restricted stock units (RSUs) under the Boise Inc. Incentive and Performance Plan. These service-condition vesting RSUs vest as follows: 46,000 RSUs vested on March 15, 2010; 46,000 vested on March 15, 2011; and the remaining 138,000 will vest on March 15, 2012. Mr. Strenge elected to have shares withheld to satisfy his tax withholding obligations on the 46,000 RSUs that vested on March 15, 2011.
[F2]Each restricted stock unit represents a contingent right to receive one share of Boise Inc. common stock.
[F3]The company declared a special cash dividend payable on December 3, 2010, to shareholders of record on November 17, 2010. On the record date, our executive officers held unvested restricted stock or restricted stock units that, pursuant to the terms of their award agreements, did not accrue dividends. On February 23, 2011, the compensation committee of our board of directors approved a supplemental equity award to our executive officers to align management and shareholder interests regarding dividend strategy. Accordingly, on March 15, 2011, Mr. Strenge was awarded a supplemental one-year, service-condition vesting equity award equivalent in value to the dividends he would have received on his restricted stock units held as of the record date.
[F4]On March 15, 2011, Mr. Strenge was awarded 10,898 restricted stock units (RSUs) under the Boise Inc. Incentive and Performance Plan. These service-condition vesting RSUs vest as follows: 5,449 RSUs will vest on March 15, 2013, and the remaining 5,449 will vest on March 17, 2014.
[F5]On March 15, 2011, Mr. Strenge was awarded a nonqualified stock option under the Boise Inc. Incentive and Performance Plan. This stock option award will vest and become exercisable as follows: 10,736 shares will vest and become exercisable on March 15, 2013; and the remaining 10,736 will vest and become exercisable on March 17, 2014. This award, to the extent vested, must be exercised on or before the earliest of the following: the tenth anniversary of the award date; five years after the date of Mr. Strenge's retirement; three years after Mr. Strenge's death or total and permanent disability; or one year after Mr. Strenge's termination pursuant to his stock option award agreement.

Documents

1 file

4
edgar.xmlPrimary
PRIMARY DOCUMENT

Issuer

BOISE INC.

CIK 0001391390

→

Entity typeother

Related Parties

filerCIK 0001326948

Filing Metadata

Form type: 4
Filed: Mar 16, 8:00 PM ET
Accepted: Mar 17, 12:23 PM ET
Size: 17.4 KB

View on SEC.gov