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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
1202553	H John Scully	999 Third Ave., Ste. 4300 Seattle WA 98104-4096		Yes	No	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	2013-03-20	6,000	$30.91	30,000	No	4	M	Direct
Common Stock	Disposition	2013-03-20	30,000	$49.95	0	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 (2004 SIP)	Disposition	2013-03-20	6,000	$0.00	6,000	$30.91

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2014-02-02	No	4	M	Direct

Footnotes

The sales of common stock reported in this Form 4 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 $49.9507 represents the weighted average sale price for the aggregated sale transactions reported herein. The range of sale prices for the sale of 30,000 shares was $49.91 to $49.99. 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 issued under the Issuer's stock incentive plan provides the right to purchase common stock at the fair market value thereof on the date of grant and may be exercised by the Reporting Person at any time prior to the expiration date.