SEC Form 4 · accession 0001225208-15-004354
POTLATCHDELTIC CORP · PCH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Covey
Officer — Chairman & CEO · Director
Period of report
Feb 12, 2015
Accepted (ET)
Feb 17, 2015 · 8:21 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001338749
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 12, 2015 | A | 37,436 | $0.00 | A | 169,916 | D | |
| Common StockF2 | Feb 12, 2015 | A | 10,000 | $0.00 | A | 179,916 | D | |
| Common StockF3 | Feb 12, 2015 | F | 14,883 | $40.00 | D | 165,033 | D | |
| Common StockF4 | holding | — | — | — | 161 | I | 401(k) |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares of common stock issued in settlement of 2012-2014 Performance Share Grant.
- F2Represents award of restricted stock units (RSU's) that may be settled only for shares of common stock on a one-for-one basis. The RSU's will vest on December 31, 2017, subject to continued employment through such date. During the vesting period, an amount equal to the dividends that would have been paid on the RSU's had they been in the form of common stock will be converted into additional RSU's. The additional RSU's will also vest on December 31, 2017.
- F3Represents shares of common stock surrendered to satisfy tax liability due at settlement of 2012-2014 Performance Share Grant; not an open market transaction.
- F4Reflects periodic contributions to the issuer's common stock fund in the issuer's 401(k) plan.