SEC Form 4 · accession 0001225208-18-009752
WEYERHAEUSER CO · WY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sara Grootwassink Lewis
Director
Period of report
May 18, 2018
Accepted (ET)
May 22, 2018 · 6:21 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000106535
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Share EquilvalentsF2,F1 | $0.00 | May 18, 2018 | A | 7,150 | A | — | — | Common | 7,150 | 22,505 | D |
Explanation of responses
- F1The reported share equivalents were acquired pursuant to the Issuer's Fee Deferral Plan for Directors. The Reporting Person elected to defer into an equal number of share equivalents 3,850 restricted stock units, representing the equity portion of the annual retainer fee in the amount of $140,000, with the number of units determined by dividing the dollar amount of the fees by $36.355 (average of the high ($36.48) and low ($36.23) price of the Issuer's common stock on the fee payment date). The Reporting Person also elected to defer cash fees of $120,000 by conversion into a number of share equivalents determined by dividing the dollar amount of the fees by $36.355. Additional share equivalents accrue as and when dividends are paid on the Issuer's common stock. Share equivalents are paid in an equal number of shares of the Issuer's common stock upon the Reporting Person's termination of service as a director.
- F2Reported holdings include shares acquired since the Reporting Person's last filing on Form 4 from dividend reinvestment transactions exempt from Section 16 of the Securities Exchange Act of 1934, as amended.