SEC Form 4 · accession 0000849213-15-000119
PLUM CREEK TIMBER CO INC · PCL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David A. Brown
Officer — VP & Chief Accounting Officer
Period of report
Dec 15, 2015
Accepted (ET)
Dec 17, 2015 · 4:15 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 | Dec 15, 2015 | M | 10,000 | $35.74 | A | 46,731 | D | |
| Common Stock | Dec 15, 2015 | M | 12,000 | $40.42 | A | 58,731 | D | |
| Common StockF1 | Dec 15, 2015 | S | 22,000 | $46.93 | D | 36,731 | 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 (2006 SIP)F2 | $35.74 | Dec 15, 2015 | M | 10,000 | D | — | Feb 3, 2016 | Common Stock | 10,000 | 0 | D |
| Stock Option (2007 SIP)F2 | $40.42 | Dec 15, 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 | 12,000 | 12,000 | D |
Explanation of responses
- F1The sales of common stock reported in this Form 4 were executed through several individual broker transactions and are being disclosed in Table I on an aggregated basis. All sale transactions occurred within a one dollar price range and the reported sale price of $46.93 represents the weighted average sale price for the aggregated sale transactions reported herein. The range of sale prices for the sale of 22,000 shares was $46.86 to $47.03. The Reporting Person hereby undertakes to provide the SEC Staff, the Issuer, or any security holder of the Issuer with full information regarding the number of shares of common stock sold by the Reporting Person at each separate price upon request.
- 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.