SEC Form 4 · accession 0001328581-15-000069
BOISE CASCADE Co · BCC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kelly E. Hibbs
Officer — VP and Controller
Period of report
Feb 25, 2015
Accepted (ET)
Feb 27, 2015 · 5:25 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001328581
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01F1 | Feb 25, 2015 | A | 2,419 | $0.00 | A | 6,136 | D | |
| Common Stock, par value $0.01F2 | Feb 25, 2015 | A | 2,658 | $0.00 | A | 8,794 | D | |
| Common Stock, par value $0.01F3 | Feb 26, 2015 | F | 300 | $36.17 | D | 8,494 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares underlying restricted stock unit awards issued pursuant to the registrant's 2013 Incentive Compensation Plan. Shares issued under the restricted stock units will vest and be deliverable in three equal tranches on March 1, 2016, 2017, and 2018. However, 100% of restricted stock units granted to retirement-eligible employees (age 62 or older with 15 years of service, or age 65 or older) vest on the later of March 1, 2016 or the date upon which they become retirement eligible.
- F2Represents shares underlying performance stock unit awards issued pursuant to the registrant's 2013 Incentive Compensation Plan. The number of shares issued under the performance stock units was determined based upon 2014 EBITDA, defined as income before interest (interest expense and interest income), income taxes, and depreciation and amortization. One third of the shares vested on February 25, 2015, while the remaining two thirds will vest and be deliverable in two equal tranches on December 31, 2015 and December 31, 2016.
- F3Represents shares withheld for taxes upon the satisfaction of the time and performance vesting conditions with respect to the 2014 performance stock unit award.