SEC Form 4 · accession 0000849213-15-000112
PLUM CREEK TIMBER CO INC · PCL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James A Kraft
Officer — SVP, GEN COUNSEL & SEC.
Period of report
Nov 19, 2015
Accepted (ET)
Nov 19, 2015 · 7:12 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 | Nov 19, 2015 | M | 12,000 | $40.42 | A | 69,322 | D | |
| Common Stock | Nov 19, 2015 | S | 12,000 | $50.00 | D | 57,322 | D |
Table II — derivative securities
| 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 | Nov 19, 2015 | M | 12,000 | D | — | Feb 5, 2017 | Common Stock | 12,000 | 0 | D |
| Stock Option (2008 SIP)F2 | $42.98 | holding | — | — | — | — | Feb 4, 2018 | Common Stock | 12,000 | 12,000 | D |
| Stock Option (2009 SIP)F2 | $33.75 | holding | — | — | — | — | Feb 9, 2019 | Common Stock | 12,000 | 12,000 | D |
| Stock Option (2010 SIP)F2 | $35.22 | holding | — | — | — | — | Feb 8, 2020 | Common Stock | 12,000 | 12,000 | D |
| Stock Option (2011 SIP)F2 | $41.55 | holding | — | — | — | — | Feb 7, 2021 | Common Stock | 15,000 | 15,000 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on 2/20/2015.
- 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.