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 *
BOISE CASCADE HOLDINGS, L.L.C.
   2. Issuer Name and Ticker or Trading Symbol
BOISE INC. [BZ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
1111 WEST JEFFERSON STREET, SUITE 300		 3. Date of Earliest Transaction (Month/Day/Year)
06/26/2009
(Street)

BOISE, ID 83728		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ 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 06/26/2009   S   20,000 D $ 1.72 (1) (2) (3) 37,065,770 D (4)  
Common Stock 06/29/2009   S   75,538 D $ 1.72 (1) (2) (3) 36,990,232 D (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

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
BOISE CASCADE HOLDINGS, L.L.C.
1111 WEST JEFFERSON STREET
SUITE 300
BOISE, ID 83728		     X    
FOREST PRODUCTS HOLDINGS, L.L.C.
C/O BOISE CASCADE HOLDINGS, L.L.C
1111 WEST JEFFERSON STREET, SUITE 300
BOISE, ID 83728		     X    
MADISON DEARBORN CAPITAL PARTNERS IV LP
C/O BOISE CASCADE HOLDINGS, L.L.C.
1111 WEST JEFFERSON STREET, SUITE 300
BOISE, ID 83728		     X    
MADISON DEARBORN PARTNERS IV LP
C/O BOISE CASCADE HOLDINGS, L.L.C.
1111 WEST JEFFERSON STREET, SUITE 300
BOISE, ID 83728		     X    

Signatures

 Boise Cascade Holdings, L.L.C. by: /s/ David G. Gadda, Vice President and General Counsel   06/30/2009
**Signature of Reporting Person Date
 Forest Products Holdings, L.L.C. by: /s/ David G. Gadda, Vice President and General Counsel   06/30/2009
**Signature of Reporting Person Date
 Madison Dearborn Capital Partners IV, L.P. by: Madison Dearborn Partners IV, L.P., its: General Partner by: Madison Dearborn Partners, L.L.C., its: General Partner by: /s/ Mark B. Tresnowski, its: Managing Director   06/30/2009
**Signature of Reporting Person Date
 Madison Dearborn Partners IV, L.P. by: Madison Dearborn Partners, L.L.C., its: General Partner by: /s/ Mark B. Tresnowski, its: Managing Director   06/30/2009
**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) The transactions reported in this Form 4 are a part of a planned series of sales of common shares of Boise Inc. ("BZ") by Boise Cascade Holdings, L.L.C. ("BCH"). For more information concerning such planned sales, see the Form 8-K Current Reports filed by BZ and BCH on June 26, 2009.
(2) Securities Disposed of are reported on the basis of the weighted average daily sales price received by Boise Cascade Holdings, L.L.C. ("BCH") for each day's sales. BCH hereby undertakes to provide upon request directed to its General Counsel at the address set forth for it in Block 1 the volume and sales price detail for each day's transactions on a separate transaction basis.
(3) Sales on June 26, 2009, occurred at the same price. Only one transaction occurred on June 29, 2009.
(4) BCH is the record owner of the common shares set forth herein. The shares held by BCH may be deemed to be beneficially owned by Forest Products Holdings, L.L.C. ("FPH"), which is controlled by Madison Dearborn Capital Partners IV, L.P. ("MDCP IV"). Madison Dearborn Partners IV, L.P. ("MDP IV"), is the general partner of MDCP IV.

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