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Magnera Corp Director's Dealing 2004

May 4, 2004

33036_dirs_2004-05-04_4372e645-7c0a-4783-8f98-ca95982c5221.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GLATFELTER P H CO (GLT)
CIK: 0000041719
Period of Report: 2004-05-03

Reporting Person: NAPLES RONALD J (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-05-03	Stock Options (Right to buy)	$11.36	A	2500	Acquired	2014-05-03	Common Stock (2500)	Direct
2004-05-03	Phantom Stock	$0	A	30.2316	Acquired	2014-05-03	Common Stock (30.2316)	Direct
2004-05-03	Phantom Stock	$0	A	792.2535	Acquired	2014-05-03	Common Stock (792.2535)	Direct

Footnotes

F1: Phantom stock units accrued under the P. H. Glatfelter Deferred Compensation Plan for Directors on deferred quarterly dividend payments of $.09.

F2: These phantom stock units were accrued under the P. H. Glatfelter Company Deferred Compensation Plan for Directors and will be settled in cash following termination of the reporting person's service as a Director.