Sec Form 4 Filing - NOLAN ROBERT CALVERT @ DELTIC TIMBER CORP - 2012-03-09

Insider filing report for Changes in Beneficial Ownership
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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
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
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1. Name and Address of Reporting Person
NOLAN ROBERT CALVERT
2. Issuer Name and Ticker or Trading Symbol
DELTIC TIMBER CORP [ DEL]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
210 EAST ELM STREET
3. Date of Earliest Transaction (MM/DD/YY)
03/09/2012
(Street)
EL DORADO, AR71730
4. If Amendment, Date Original Filed (MM/DD/YY)
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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 03/09/2012 M 1,000 ( 5 ) A $ 24.31 82,339 D
Common Stock 03/09/2012 S 1,000 ( 5 ) D $ 67.091 81,339 D
Common Stock 2,695 I ( 4 ) Please refer to footnote 4
Common Stock 18,026 I ( 2 ) Please refer to footnote 2
Common Stock 450 I ( 1 ) Please refer to footnote 1
Common Stock 20,000 I ( 3 ) Please refer to footnote 3
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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 ( 6 ) $ 24.31 03/09/2012 M 1,000 02/20/2003 02/20/2013 Common Stock 1,000 $ 0 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
NOLAN ROBERT CALVERT
210 EAST ELM STREET
EL DORADO, AR71730
X
Signatures
/s/Jim F. Andrews, Jr., Attoney-in-Fact for Robert C. Nolan 03/13/2012
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Reporting person contributed 450 shares to family limited partnership. No activity this reporting period.
( 2 )Shares held in trust for children and descendants, with reporting person co-trustee (Robert C. Nolan 1972 Trust). Reporting person has no beneficial interest.
( 3 )Shares held in Robert C. Nolan 2009 Trust, a revocable trust.
( 4 )Shares held by spouse for which beneficial interest is expressly disclaimed.
( 5 )Stock acquired and sold was pursuant to stock option exercise.
( 6 )Option under 2002 SIP and previously reported.

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* 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).

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