4//SEC Filing
LANE JEFFREY PHILIP 4
Accession 0001391390-11-000022
CIK 0001391390other
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 9:05 PM ET
Size
8.1 KB
Accession
0001391390-11-000022
Insider Transaction Report
Form 4
LANE JEFFREY PHILIP
Senior Vice President
Transactions
- Tax Payment
Common Stock
2011-02-28$8.98/sh−8,586$77,102→ 605,414 total - Disposition to Issuer
Common Stock
2011-03-01−178,800→ 426,614 total
Footnotes (2)
- [F1]On May 2, 2008, Mr. Lane was awarded 254,000 shares of restricted stock under the Boise Inc. Incentive and Performance Plan. A portion of this 2008 award was service-condition vesting (75,200 shares) and the remaining portion was market-condition vesting (178,800 shares). The first 1/3 of the service-condition vesting restricted stock vested on March 2, 2009, and Mr. Lane paid the withholding tax on those shares. The second 1/3 vested on March 1, 2010, and Mr. Lane paid the withholding tax on those shares. The final 1/3 vested on February 28, 2011, and Mr. Lane elected to have shares withheld to satisfy his tax withholding obligations. Pursuant to Mr. Lane's Restricted Stock Award Agreement, the company paid cash for the fractional shares.
- [F2]The market-condition vesting portion of Mr. Lane's 2008 award (178,800 shares) would have vested as follows: 68,300 shares would have vested on February 28, 2011, if at some point before that date the company's stock price had closed at or above $10.00 on 20 of any consecutive 30 trading days; and 110,500 shares would have vested on February 28, 2011, if at some point before that date the company's stock price had closed at or above $12.50 on 20 of any consecutive 30 trading days. The company did not meet either of these stock price performance measures. Pursuant to Mr. Lane's Restricted Stock Award Agreement, these 178,800 shares of market-condition vesting restricted stock were forfeited on March 1, 2011.
Documents
Issuer
BOISE INC.
CIK 0001391390
Entity typeother
Related Parties
1- filerCIK 0001433993
Filing Metadata
- Form type
- 4
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 9:05 PM ET
- Size
- 8.1 KB