-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LOXpbeywe3K0uI6OznCYaF0yZgtWMYt4eOuDXzHQcyTevm5/HjqB26KJtuYwIV16 xy/xBWQXVWu9VkcD11XeCA== 0001209191-11-003220.txt : 20110114 0001209191-11-003220.hdr.sgml : 20110114 20110114155432 ACCESSION NUMBER: 0001209191-11-003220 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110112 FILED AS OF DATE: 20110114 DATE AS OF CHANGE: 20110114 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Vesci Dennis J CENTRAL INDEX KEY: 0001335843 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-08634 FILM NUMBER: 11530307 MAIL ADDRESS: STREET 1: 1300 SOUTH MOPAC CITY: AUSTIN STATE: TX ZIP: 78746 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: TEMPLE INLAND INC CENTRAL INDEX KEY: 0000731939 STANDARD INDUSTRIAL CLASSIFICATION: PAPERBOARD MILLS [2631] IRS NUMBER: 751903917 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1300 MOPAC EXPRESSWAY SOUTH STREET 2: 3RD FLOOR CITY: AUSTIN STATE: TX ZIP: 78746 BUSINESS PHONE: 5124345800 MAIL ADDRESS: STREET 1: 1300 MOPAC EXPRESSWAY SOUTH STREET 2: 3RD FLOOR CITY: AUSTIN STATE: TX ZIP: 78746 4 1 doc4.xml FORM 4 SUBMISSION X0303 4 2011-01-12 0 0000731939 TEMPLE INLAND INC TIN 0001335843 Vesci Dennis J 1300 SOUTH MOPAC THIRD FLOOR AUSTIN TX 78746 0 1 0 0 Group VP-Corrugated Packaging Common Stock 54819 D Common Stock 2011-01-12 2011-01-12 4 J 0 2798 22.49 D 0 I By Trustee of 401(k) Plan Options (right to buy) 16.14 2006-02-04 2015-02-04 Common Stock 5000 5000 D Restricted Stock Units (Deferred) Common Stock 12041 12041 D Options (right to buy) 21.55 2007-02-03 2016-02-03 Common Stock 18450 18450 D Options (right to buy) 24.34 2008-02-02 2017-02-02 Common Stock 18450 18450 D Options (right to buy) 19.50 2009-02-01 2018-02-01 Common Stock 91439 91439 D Restricted Stock Units Common Stock 29216 29216 D Options (right to buy) 5.64 2010-02-06 2019-02-06 Common Stock 99074 99074 D Performance Stock Units Common Stock 103365 103365 D Options (right to buy) 16.71 2011-02-05 2020-02-05 Common Stock 40949 40949 D Performance Stock Units Common Stock 28653 28653 D Includes 31714 Restricted Stock Units granted to Reporting Person on February 5, 2010. These RSUs will vest effective February 5, 2013 if 1% ROI or ROI in top three quartiles of peer group performance criteria is met, and will be settled for stock on the vesting date. Reporting Person held shares under a 401(k) plan, and figures are according to the latest report of the Plan Administrator. (Note: Plan Administrator used unit accounting; therefore, share equivalents may fluctuate slightly.) As reported by the plan administrator on January 13, 2011, between January 1, 2011 and January 12, 2011 the 401(k) plan administrator completed a mandatory divestiture of all stock in the company stock fund upon direction of the plan trustees in accordance with policy adopted in 2007 for all plan participants The exercise price of these outstanding options were amended from that previously reported in connection with the spin-off announced by the Company effective 12/28/2007, and pursuant to anti-dilution provisions set forth in the option plan and is intended to give the option the same economic value it had before the spin-off. Options Vesting Schedule: Options Exercisable 02/04/2006 - 1,250, Options Exercisable 02/04/2007 - 1,250, Options Exercisable 02/04/2008 - 1,250, and Options Exercisable 02/04/2009 - 1,250. Restricted stock units deferred under a terminated Company bonus deferral plan, to be settled upon the reporting person's retirement. Restricted stock units earned before 2006 are payable in stock. Restricted stock units earned in 2006 or later are payable in cash. Options Vesting Schedule for Options Granted 02/03/2006: Options Exerciserable 02/03/2007 - 4,612; Options Exerciserable 02/03/2008 - 4,612; Options Exerciserable 02/03/2009 - 4,612; and Options Exerciserable 02/03/2010 - 4,614. Options Vesting Schedule for Options Granted 02/02/2007: Options Exerciserable 02/02/2008 - 4,612; Options Exerciserable 02/02/2009 - 4,613; Options Exerciserable 02/02/2010 - 4,612; and Options Exerciserable 02/02/2011 - 4,612. Granted 02/01/2008 Option Vesting Schedule: Options exercisable 02/01/2009, 22859; Options exercisable 02/01/2010, 22860; Options exercisable 02/01/2011, 22860; Options exercisable 02/01/2012, 22860. Restricted Stock Units granted on February 1, 2008 will vest effective February 1, 2011 if 1% ROI performance criteria is met. Restricted Stock Units will be settled for cash based on the fair market value on the vesting date. Options Vesting Schedule for Options Granted 02/06/2009. Options Exerciserable 02/06/2010 - 24,768; Options Exerciserable 02/06/2011 - 24,769; Options Exerciserable 02/06/2012 - 24,768; and Options Exerciserable 02/06/2013 - 24,769. Performance Stock Units granted on February 6, 2009 will vest on or after February 6, 2012 at 100% if the Company's average ROI falls within the first quartile ROI ranking compared to its peer group; 75% if in the second quartile; zero if in the bottom half. PSUs will be settled for cash based on the fair market value on the vesting date. Options Vesting Schedule for Options Granted 02/05/2010. Options Exerciserable 02/05/2011 - 10237; Options Exerciserable 02/05/2012 - 10237; Options Exerciserable 02/05/2013 - 10237; and Options Exerciserable 02/06/2014 - 10238. Performance Stock Units granted on February 5, 2010 will vest on or after February 5, 2013 at 100% if the Company's average ROI falls within the first quartile ROI ranking compared to its peer group; 75% in the second quartile, zero if in the bott0m half. PSUs will be settled for cash based on the fair market value on the vesting date. Leslie K. O'Neal signed on behalf of Dennis J. Vesci 2011-01-14 -----END PRIVACY-ENHANCED MESSAGE-----