This excerpt taken from the PCH DEF 14A filed Apr 5, 2006.
In the interest of promoting and increasing equity ownership in Potlatch, in December 2003 the Board of Directors adopted stock ownership guidelines. Under the guidelines, each outside Director must beneficially own at least 3,000 shares by the later of January 1, 2009, or the fifth anniversary of their election as a Director. As of March 15, 2006, all outside Directors have met the guideline on an incremental basis; Messrs. Quesnel and Riordan have achieved more than 74 and 77 percent, respectively, of the overall guideline. In respect of the Special E&P Distribution to be paid on March 31, 2006, the Board of Directors has approved an amendment to the stock ownership guideline listed above to 3,750 shares.
A copy of the stock ownership guidelines is available by going to Potlatchs web site at www.potlatchcorp.com, and clicking Corporate Governance, then Board of Directors. Stock Ownership Guidelines for Potlatch senior management are discussed in the section of this proxy statement titled, Executive Compensation and Personnel Policies Committee Report.