SEC Form 4 · accession 0001209191-18-011683

DELTIC TIMBER CORP · DEL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Vice President Wood Products

Period of report

Feb 20, 2018

Accepted (ET)

Feb 20, 2018 · 8:28 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001022469

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1,F2	Feb 20, 2018	D	22,358	$0.00	D	0	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	D/I
Common Stock^F3	$71.35	Feb 20, 2018	D	607	D	—	Feb 20, 2023	Common Stock	607	D
Common Stock^F3	$71.35	Feb 20, 2018	D	606	D	—	Feb 20, 2023	Common Stock	606	D
Common Stock^F3	$71.35	Feb 20, 2018	D	606	D	—	Feb 20, 2023	Common Stock	606	D
Common Stock^F3	$71.35	Feb 20, 2018	D	606	D	—	Feb 20, 2023	Common Stock	606	D
Common Stock^F3	$63.21	Feb 20, 2018	D	655	D	—	Feb 19, 2024	Common Stock	655	D
Common Stock^F3	$65.89	Feb 20, 2018	D	485	D	—	Feb 18, 2025	Common Stock	485	D
Common Stock^F3	$55.94	Feb 20, 2018	D	482	D	—	Feb 17, 2026	Common Stock	482	D

F1On February 20, 2018, Deltic Timber Corporation ("Deltic"), Potlatch Corporation ("Potlatch"), and Portland Merger LLC completed the merger ("Merger") contemplated by the Agreement and Plan of Merger among such parties dated as of October 22, 2017 (the "Merger Agreement").
F2Disposed of pursuant to the Merger Agreement in which each share of Deltic common stock issued and outstanding immediately prior to the consummation of the Merger was converted into 1.8 shares of Potlatch common stock with cash paid in lieu of fractional shares.
F3This option, which was vested in full as of February 20, 2018, was cancelled in exchange for an option to acquire shares of Potlatch common stock in a number of shares of Potlatch common stock equal to the product (rounded down to the nearest whole number) of (1) the number of shares of Deltic common stock subject to the Deltic Option immediately prior to the effective time of the Merger and (2) 1.80, at an exercise price per share (rounded up to the nearest whole cent) equal to (a) the exercise price per share of Deltic common stock of such Deltic Option immediately prior to the effective time of the merger divided by (b) 1.80.