Magnera Corp — Director's Dealing 2007

May 3, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GLATFELTER P H CO (GLT)
CIK: 0000041719
Period of Report: 2007-05-01

Reporting Person: STEWART LEE C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-01	Common Stock, Par Value $.01	A	837	$13.93	Acquired	5901	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-05-03	Restricted	$0	A	2153	Acquired	2010-04-28	Common Stock, Par Value $.01 (2153)	Direct

Footnotes

F1: As part of the Director's compensation, each director receives a retainer of $17,500 semi-annually, 1/3 is paid in cash, and 2/3 in GLT stock. These shares represent the stock portion of this retainer.