Clearwater Paper Corp — Director's Dealing 2012

Jan 18, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Clearwater Paper Corp (CLW)
CIK: 0001441236
Period of Report: 2012-01-13

Reporting Person: DeVleming Robert P (Sr. V.P., Pres, CPD)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-13	Common Stock	F	4926	$36.67	Disposed	102306	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3521	Indirect

Footnotes

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

F2: The share amounts set forth in this filing reflect the 2-for-1 stock split effected by Clearwater Paper Corporation through a stock dividend paid on August 26, 2011.