X0304 4 2012-01-01 0001391390 BOISE INC. BZ 0001318338 Berger Jonathan W C/O BOISE INC. 1111 WEST JEFFERSON STREET, SUITE 200 BOISE ID 83702-5388 1 0 0 0 Common Stock 2012-01-01 4 A 0 11236 0 A 268305 D On January 1, 2012, Mr. Berger was awarded 11,236 shares of service-condition vesting restricted stock under the Boise Inc. Incentive and Performance Plan. These shares will vest in full on December 31, 2012. /s/ Karen Gowland, Attorney-in-Fact for Jonathan W. Berger 2012-01-04