LASSA JUDITH M 4

4 · BOISE INC. · Filed Dec 18, 2012

Form 4

Period: 2012-12-17

Vice President

Transactions

Award
2012 Restricted Stock Units (Special)
2012-12-17+25,641→ 25,641 total
From: 2015-03-16Exp: 2015-03-16→ Common Stock (25,641 underlying)

Holdings

Common Stock
169,056
2011 Restricted Stock Units
From: 2013-03-15Exp: 2014-03-17→ Common Stock (10,898 underlying)
10,898
2012 Restricted Stock Units
From: 2013-03-15Exp: 2015-03-16→ Common Stock (15,678 underlying)
15,678
2011 Stock Options
Exercise: $8.55From: 2013-03-15→ Common Stock (21,472 underlying)
21,472
2012 Stock Options
Exercise: $8.24From: 2013-03-15→ Common Stock (31,506 underlying)
31,506

Footnotes (5)

[F1]Each restricted stock unit represents a contingent right to receive one share of Boise Inc. common stock.
[F2]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: one half (1/2) will vest on March 15, 2013, and one half (1/2) will vest on March 17, 2014.
[F3]On March 15, 2012, Ms. Lassa was awarded 15,678 restricted stock units (RSUs) under the Boise Inc. Incentive and Performance Plan. These service-condition vesting RSUs vest as follows: one third (1/3) will vest on March 15, 2013, one third (1/3) will vest on March 17, 2014, and one third (1/3) will vest on March 16, 2015.
[F4]Ms. Lassa was elected executive vice president and chief operating officer of the company, effective January 1, 2013. In connection with her election, on December 17, 2012, Ms. Lassa was awarded a special long-term equity award under the Boise Inc. Incentive and Performance Plan of 25,641 restricted stock units. These service-condition vesting restricted stock units will vest on March 16, 2015, subject to Ms. Lassa's Restricted Stock Unit Award Agreement.
[F5]Reflects an award of nonqualified stock options under the Boise Inc. Incentive and Performance Plan. In general, these options expire ten years after the award date. Termination of employment may shorten the exercise period, as described in the stock option award agreement.

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