0000849213-16-000217.txt : 20160222
0000849213-16-000217.hdr.sgml : 20160222
20160222182548
ACCESSION NUMBER: 0000849213-16-000217
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160219
FILED AS OF DATE: 20160222
DATE AS OF CHANGE: 20160222
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PLUM CREEK TIMBER CO INC
CENTRAL INDEX KEY: 0000849213
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 911912863
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 601 UNION STREET
STREET 2: SUITE 3100
CITY: SEATTLE
STATE: WA
ZIP: 98101-1374
BUSINESS PHONE: (206)467-3600
MAIL ADDRESS:
STREET 1: 601 UNION STREET
STREET 2: SUITE 3100
CITY: SEATTLE
STATE: WA
ZIP: 98101-1374
FORMER COMPANY:
FORMER CONFORMED NAME: PLUM CREEK TIMBER CO L P
DATE OF NAME CHANGE: 19920703
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: KRAFT JAMES A
CENTRAL INDEX KEY: 0001202544
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-10239
FILM NUMBER: 161446352
MAIL ADDRESS:
STREET 1: 601 UNION STREET
STREET 2: SUITE 3100
CITY: SEATTLE
STATE: WA
ZIP: 98101-1374
4
1
wf-form4_145618353846963.xml
FORM 4
X0306
4
2016-02-19
1
0000849213
PLUM CREEK TIMBER CO INC
PCL
0001202544
KRAFT JAMES A
601 UNION STREET, SUITE 3100
SEATTLE
WA
98101-1374
0
1
0
0
SVP, GEN COUNSEL & SEC.
Common Stock
2016-02-19
4
D
0
70646
D
0
D
Stock Option (2008 SIP)
42.98
2016-02-19
4
D
0
12000
D
2018-02-04
Common Stock
12000.0
0
D
Stock Option (2009 SIP)
33.75
2016-02-19
4
D
0
12000
D
2019-02-09
Common Stock
12000.0
0
D
Stock Option (2010 SIP)
35.22
2016-02-19
4
D
0
12000
D
2020-02-08
Common Stock
12000.0
0
D
Stock Option (2011 SIP)
41.55
2016-02-19
4
D
0
15000
D
2021-02-07
Common Stock
15000.0
0
D
Disposed of pursuant to the Agreement and Plan of Merger, between Issuer and Weyerhaeuser Company dated as of November 6, 2015 ("Merger Agreement") 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, 19,850 were Issuer RSUs and 50,796 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.
Disposed of pursuant to the Merger Agreement whereby each Issuer stock option was assumed and converted into an option to acquire a number of Weyerhaeuser common shares equal to the product (rounded down to the nearest whole number) of (1) the number of shares of Issuer common stock subject to the Issuer stock option immediately prior to the completion of the merger and (2) 1.6, at an exercise price per share (rounded up to the nearest whole cent) equal to (a) the exercise price per share of Issuer common stock of such Issuer stock option immediately prior to the effective time divided by (b) 1.6. 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.
/s/ Jose J. Quintana, Power of Attorney for James A. Kraft
2016-02-22