Ownership Submission
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 OF SECURITIES

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
Weiss Jason
  2. Issuer Name and Ticker or Trading Symbol
BOISE INC. [BZ]
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)
TERRAPIN PALISADES VENTURES, LLC, 1001 RIVAS CANYON ROAD
3. Date of Earliest Transaction (Month/Day/Year)
11/23/2009
(Street)

PACIFIC PALISADES, CA 90272
4. If Amendment, Date Original Filed(Month/Day/Year)
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 (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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               268,658 (1) D  
Common Stock 08/21/2009   G V 100,000 D $ 0 2,042,366 I Held by the Jason G. Weiss Revocable Trust (2)
Common Stock 08/24/2009   G V 100,000 D $ 0 1,942,366 I Held by the Jason G. Weiss Revocable Trust (2)
Common Stock 09/14/2009   G V 50,000 D $ 0 1,892,366 I Held by the Jason G. Weiss Revocable Trust (2)
Common Stock 11/23/2009   S   666,667 D $ 4.85 (3) 1,225,699 I Held by the Jason G. Weiss Revocable Trust (2)
Common Stock 11/23/2009   S   1,333,333 D $ 4.85 (3) 1,490,733 I Held by the Weiss Family Trust (4)

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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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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
(Month/Day/Year)
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
Warrants (5) $ 7.5             06/19/2008 06/18/2011 Common Stock 1,500,000   1,500,000 I Held by the Jason G. Weiss Revocable Trust (2)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Weiss Jason
TERRAPIN PALISADES VENTURES, LLC
1001 RIVAS CANYON ROAD
PACIFIC PALISADES, CA 90272
  X      

Signatures

 /s/ Karen Gowland, Attorney-in-Fact for Jason G. Weiss   11/23/2009
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Mr. Weiss's 268,658 shares include his 2008 time-vesting restricted stock award of 36,100 shares, which vested on March 2, 2009; and his 2009 time-vesting restricted stock award of 232,558 shares, which will vest on March 15, 2010.
(2) Mr. Weiss serves as the trustee of the Jason G. Weiss Revocable Trust.
(3) This transaction was carried out pursuant to a firm underwritten transaction described in a Prospectus Supplement filed by Boise Inc. with the Securities and Exchange Commission on November 18, 2009, and the related Registration Statement on Form S-3 filed by Boise Inc. on March 12, 2009 (File No. 333-157881). Mr. Weiss's underwriting fees were paid by Boise Cascade Holdings, L.L.C.
(4) Mr. Murray Sprung serves as the trustee of the Weiss Family Trust.
(5) Each warrant entitles Mr. Weiss the right to purchase one share of Boise Inc. common stock.

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