4//SEC Filing
LASSA JUDITH M 4
Accession 0001391390-11-000053
CIK 0001391390other
Filed
Mar 16, 8:00 PM ET
Accepted
Mar 17, 6:14 PM ET
Size
13.0 KB
Accession
0001391390-11-000053
Insider Transaction Report
Form 4
LASSA JUDITH M
Vice President
Transactions
- Award
2011 Restricted Stock Units
2011-03-15+10,898→ 10,898 totalFrom: 2013-03-15Exp: 2014-03-17→ Common Stock (10,898 underlying) - Tax Payment
Common Stock
2011-03-15$8.55/sh−15,755$134,705→ 216,084 total - Award
2011 Stock Option
2011-03-15+21,472→ 21,472 totalExercise: $8.55From: 2013-03-15→ Common Stock (21,472 underlying) - Award
Common Stock
2011-03-15+8,946→ 225,030 total
Footnotes (5)
- [F1]On March 16, 2009, Ms. Lassa was awarded 230,000 restricted stock (RS) shares under the Boise Inc. Incentive and Performance Plan. These service-condition vesting RS shares vest as follows: 46,000 RS shares vested on March 15, 2010; 46,000 vested on March 15, 2011; and the remaining 138,000 will vest on March 15, 2012. Ms. Lassa elected to have shares withheld to satisfy her tax withholding obligations on the 46,000 RS shares that vested on March 15, 2011.
- [F2]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, Ms. Lassa was awarded a supplemental one-year, service-condition vesting equity award equivalent in value to the dividends she would have received on her restricted stock held as of the record date.
- [F3]Each restricted stock unit represents a contingent right to receive one share of Boise Inc. common stock.
- [F4]On March 15, 2011, Ms. Lassa 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, Ms. Lassa 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 Ms. Lassa's retirement; three years after Ms. Lassa's death or total and permanent disability; or one year after Ms. Lassa's termination pursuant to her stock option award agreement.
Documents
Issuer
BOISE INC.
CIK 0001391390
Entity typeother
Related Parties
1- filerCIK 0001326946
Filing Metadata
- Form type
- 4
- Filed
- Mar 16, 8:00 PM ET
- Accepted
- Mar 17, 6:14 PM ET
- Size
- 13.0 KB