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Clearwater Paper Corp Director's Dealing 2011

Feb 1, 2011

33210_dirs_2011-02-01_7e991b1f-f827-4430-a932-42e4ea49cb87.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Clearwater Paper Corp (CLW)
CIK: 0001441236
Period of Report: 2011-01-31

Reporting Person: Gadd Michael S (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-31	Common Stock	F	540	$79.08	Disposed	28409	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	26	Indirect

Footnotes

F1: Represents shares withheld by Clearwater Paper Corporation to satisfy tax withholding requirements due at settlement of restricted stock units.