SEC Form 4 · accession 0001225208-16-026152
WEYERHAEUSER CO · WY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Catherine I Slater
Officer — Senior Vice President
Period of report
Feb 9, 2016
Accepted (ET)
Feb 11, 2016 · 6:19 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000106535
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| CommonF1 | Feb 9, 2016 | A | 21,654 | $0.00 | A | 54,116 | D | |
| CommonF2 | Feb 9, 2016 | A | 16,782 | $0.00 | A | 70,898 | D | |
| CommonF3 | Feb 9, 2016 | A | 13,443 | $0.00 | A | 84,341 | D | |
| Common | holding | — | — | — | 6,027 | I | By 401(k) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Share EquilvalentsF4,F5 | $0.00 | Feb 9, 2016 | A | 31,694 | A | — | — | Common | 31,694 | 31,694 | D |
| Stock Option (right to buy)F6 | $23.09 | Feb 9, 2016 | A | 128,099 | A | Feb 9, 2017 | Feb 9, 2026 | Common | 128,099 | 128,099 | D |
Explanation of responses
- F1These shares were granted pursuant to a restricted stock unit award that vests 25% each year from the grant date. Vesting of the entire award will accelerate upon the occurence of specified events relating to the previously announced strategic alternatives review of the Cellulose Fibers business.
- F2These shares were granted pursuant to a restricted stock unit award that vests 25% each year from the grant date.
- F3These shares were granted pursuant to a performance share unit award that was earned based on the achievement of specified performance goals. Once earned, the performance share units vested 50% on the second anniversary of grant and then 25% each year thereafter. Reported shares include accrued and reinvested dividends.
- F4Each common share equivalent represents the right to receive the cash value of one share of common stock of the company.
- F5The common share equivalents were acquired pursuant to deferred compensation plans and are to be settled 100% in cash after the reporting person's termination of employment.
- F6The option vests 25% each year from the grant date.