SEC Form 4 · accession 0001209191-17-015667
PACKAGING CORP OF AMERICA · PKG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas W.H. Walton
Officer — SVP
Period of report
Feb 28, 2017
Accepted (ET)
Mar 1, 2017 · 1:04 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000075677
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 28, 2017 | A | 5,750 | $0.00 | A | 40,094 | D | |
| Common Stock | holding | — | — | — | 3,389 | I | Through 401k plan |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 28, 2017, the Section 162(m) subcommittee of the compensation committee of the registrant's board of directors certified attainment of the performance measure under the performance units awarded to reporting person on June 24, 2013. Performance was achieved at the 100% level, which will result in the reported number of shares being paid out on June 24, 2017, the vesting date of the units, subject to continued service by the reporting person through such date. The committee has the discretion to award additional shares up to 20% of the number of units on or around the vesting date.