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Magnera Corp Director's Dealing 2006

May 22, 2006

33036_dirs_2006-05-22_9437adab-5c00-44e5-929d-7e71a4f5478f.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: 2006-05-19

Reporting Person: DEBENEDICTIS NICHOLAS (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-05-19	Common Stock	M	1500	$10.7813	Acquired	1500	Direct
2006-05-19	Common Stock	M	2500	$11.32	Acquired	4000	Direct
2006-05-19	Common Stock	M	2500	$11.36	Acquired	6500	Direct
2006-05-19	Common Stock	M	1500	$13.1718	Acquired	8000	Direct
2006-05-19	Common Stock	M	1500	$14.44	Acquired	9500	Direct
2006-05-19	Common Stock	M	9500	$17.561	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-05-19	Stock Options (Right to buy)	$0	M	2500	Disposed	2013-04-30	Common Stock (2500)	Direct
2006-05-19	Stock Options (Right to buy)	$0	M	1500	Disposed	2011-04-30	Common Stock (1500)	Direct
2006-05-19	Stock Options (Right to buy)	$10.7813	M	1500	Disposed	2010-05-02	Common Stock (1500)	Direct
2006-05-19	Stock Options (Right to buy)	$11.36	M	2500	Disposed	2014-05-03	Common Stock (2500)	Direct
2006-05-19	Stock Options (Right to buy)	$13.1718	M	1500	Disposed	2009-05-01	Common Stock (1500)	Direct