SEC Form 4 · accession 0001209191-19-014394
PACKAGING CORP OF AMERICA · PKG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark W Kowlzan
Officer — Chairman & CEO · Director
Period of report
Feb 27, 2019
Accepted (ET)
Feb 28, 2019 · 2:15 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 StockF2 | Feb 27, 2019 | A | 20,122 | $0.00 | A | 367,753 | D | |
| Common Stock | holding | — | — | — | 14,645 | I | by 401(k) plan | |
| Common StockF3 | holding | — | — | — | 2,565 | I | By Spouse |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 27, 2019, 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 25, 2015. Performance was achieved at the 100% level, which will result in the reported number of shares being paid out on June 25, 2019, 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. At the time of vesting, reporting person will also be awarded shares with a value equal to the total dividends declared prior to vesting on the shares that are paid out.
- F2The reported share total corrects the number previously reported as directly held by reporting person, which inadvertently included 2,565 shares held by reporting person's spouse.
- F3Reporting person disclaims beneficial ownership of shares held by spouse.