SEC Form 4 · accession 0000849213-16-000221
PLUM CREEK TIMBER CO INC · PCL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy E Punke
Officer — SVP Corp Affairs&Public Policy
Period of report
Feb 19, 2016
Accepted (ET)
Feb 22, 2016 · 6:26 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 StockF1 | Feb 19, 2016 | D | 17,209 | — | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Disposed of pursuant to the Agreement and Plan of Merger, between Issuer and Weyerhaeuser Company dated as of November 6, 2015 whereby each share of Issuer common stock was converted into 1.6 Weyerhaeuser common shares with fractional shares paid in cash, and Weyerhaeuser assumed and converted each Issuer restricted stock unit (RSU) into 1.6 Weyerhaeuser restricted stock units, rounded down to the nearest whole, on the same terms and conditions as the Issuer RSUs. Of the shares disposed, 15,525 were Issuer RSUs and 1,684 were Issuer common stock. The market value of 1.6 Weyerhaeuser common shares is $22.87, based on the trading price of Weyerhaeuser common shares as of end of trading on February 19, 2016.