SEC Form 4 · accession 0000849213-15-000122
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
Dec 29, 2015
Accepted (ET)
Dec 30, 2015 · 4:56 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 29, 2015 | M | 17,500 | $41.55 | A | 149,812 | D | |
| Common StockF1 | Dec 29, 2015 | S | 17,500 | $48.705 | 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 Options (2011 SIP)F2 | $41.55 | Dec 29, 2015 | M | 17,500 | D | — | Feb 7, 2021 | Common Stock | 17,500 | 0 | 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 $48.705 represents the weighted average sale price for the aggregated sale transactions reported herein. The range of sale prices for the sale of 17,500 shares was $48.68 to $48.7459. 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.