SEC Form 4 · accession 0000849213-15-000028

PLUM CREEK TIMBER CO INC · PCL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — SVP, RESOURCES & OPS SUPPORT

Period of report

Feb 3, 2015

Accepted (ET)

Feb 4, 2015 · 7:14 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000849213

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock	Feb 3, 2015	F	1,535	$44.80	D	38,742	D
Common Stock^F1	Feb 3, 2015	A	7,000	$0.00	A	45,742	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Option (2007 SIP)^F2	$40.42	holding	—	—	—	—	Feb 5, 2017	Common Stock	15,000	15,000	D
Stock Option (2008 SIP)^F2	$42.98	holding	—	—	—	—	Feb 4, 2018	Common Stock	15,000	15,000	D
Stock Option (2009 SIP)^F2	$33.75	holding	—	—	—	—	Feb 9, 2019	Common Stock	16,000	16,000	D
Stock Option (2010 SIP)^F2	$35.22	holding	—	—	—	—	Feb 8, 2020	Common Stock	16,000	16,000	D
Stock Option (2011 SIP)^F2	$41.55	holding	—	—	—	—	Feb 7, 2021	Common Stock	16,000	16,000	D

F1Represents Restricted Stock Units (RSUs) granted under the Issuer's stock incentive plan. The RSUs vest annually over a four-year period in equal installments. Upon vesting, the RSUs are paid to the Reporting Person in an equal number of shares of the Issuer's common stock. During the vesting period, the Reporting Person is entitled to receive cash payments equal to the amount of any dividend declared and paid on the Issuer's common stock multiplied by the number of RSUs then held by the Reporting Person.
F2The option granted under the Issuer's stock incentive plan provides the right to purchase common stock at the fair market value thereof on the date of grant and becomes exercisable after vesting. The option vests in four equal annual installments beginning one year after the date of grant.