XNYS:PCL Plum Creek Timber Co Inc Insider Activity 4 Filing - 2/3/2012

Effective Date 2/3/2012

PCL Fair Value Estimate
Premium
PCL Consider Buying
Premium
PCL Consider Selling
Premium
PCL Fair Value Uncertainty
Premium
PCL Economic Moat
Premium
PCL Stewardship
Premium
 
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
Hagen Russell S
  2. Issuer Name and Ticker or Trading Symbol
PLUM CREEK TIMBER CO INC [PCL]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SR.VP, BUSINESS DEVELOPMENT
(Last)
(First)
(Middle)
999 THIRD AVENUE, SUITE 4300
3. Date of Earliest Transaction (Month/Day/Year)
02/03/2012
(Street)

SEATTLE, WA 98104-4096
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/03/2012   F   854 D $39.68 18,764 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (2005 SIP) $37.49               (1) 02/09/2015 Common Stock 1,500   1,500 D  
Stock Option (2006 SIP) $35.74               (1) 02/03/2016 Common Stock 3,000   3,000 D  
Stock Option (2007 SIP) $40.42               (1) 02/05/2017 Common Stock 6,000   6,000 D  
Stock Option (2008 SIP) $42.98               (1) 02/04/2018 Common Stock 5,000   5,000 D  
Stock Option (2009 SIP) $33.75               (1) 02/09/2019 Common Stock 5,000   5,000 D  
Stock Option (2010 SIP) $35.22               (1) 02/08/2020 Common Stock 13,000   13,000 D  
Stock Option (2011 SIP) $41.55               (1) 02/07/2021 Common Stock 15,000   15,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Hagen Russell S
999 THIRD AVENUE, SUITE 4300
SEATTLE, WA 98104-4096
      SR.VP, BUSINESS DEVELOPMENT  

Signatures

 /s/ Jose J. Quintana, Power of Attorney for Russell S. Hagen   02/07/2012
** Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The option granted under the Plum Creek 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.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.

XNYS:PCL Plum Creek Timber Co Inc Insider Activity 4 Filling

Plum Creek Timber Co Inc XNYS:PCL Stock - Get Insider Activity SEC Filing of Plum Creek Timber Co Inc XNYS:PCL stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

Content Partners
XNYS:PCL Plum Creek Timber Co Inc Insider Activity 4 Filing - 2/3/2012
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Title |  Date |  Author |  Collection |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Company |  Symbol |  Interest |  Popularity

Previous: XNYS:PCL Plum Creek Timber Co Inc Insider Activity 4 Filing - 2/3/2012  |  Next: XNYS:PCL Plum Creek Timber Co Inc Insider Activity 4 Filing - 2/3/2012