SEC Form 4 · accession 0000849213-15-000113
PLUM CREEK TIMBER CO INC · PCL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas M Lindquist
Officer — PRESIDENT & COO
Period of report
Nov 18, 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 18, 2015 | M | 17,500 | $35.22 | A | 149,812 | D | |
| Common Stock | Nov 18, 2015 | M | 17,500 | $41.55 | A | 167,312 | D | |
| Common Stock | Nov 18, 2015 | S | 35,000 | $49.50 | D | 132,312 | 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 (2010 SIP)F2 | $35.22 | Nov 18, 2015 | M | 17,500 | D | — | Feb 8, 2020 | Common Stock | 17,500 | 0 | D |
| Stock Options (2011 SIP)F2 | $41.55 | Nov 18, 2015 | M | 17,500 | D | — | Feb 7, 2021 | Common Stock | 17,500 | 17,500 | 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 1/30/14.
- 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.