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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
849213	Plum Creek Timber Co Inc	PCL	Real Estate Investment Trusts (6798)	911912863

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1202544	A James Kraft	999 Third Avenue, Suite 4300 Seattle WA 98104-4096	Svp, Gen Counsel & Sec.	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2010-04-15	6,000	$26.25	48,562	No	4	M	Direct
Common Stock	Disposition	2010-04-15	6,000	$39.99	42,562	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Option (2001 SIP)	Disposition	2010-04-15	6,000	$0.00	6,000	$26.25

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
6,000		2011-01-25	No	4	M	Direct

Footnotes

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 23, 2010. These sales of common stock were executed through several individual broker transactions, and are being disclosed in Table I on an aggregated basis. All sale transactions occurred within a one dollar price range, and the reported sale price of $39.99 represents the weighted average sale price for the aggregated sale transactions reported herein. The range of sale prices for the sale of 6,000 shares was $39.83 to $40.35. The Reporting Person hereby undertakes to provide the SEC Staff, the Issuer or any security holder of the Issuer with full information regarding the number of shares of common stock sold by the Reporting Person at each separate price upon request.
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.