Magnera Corp — Director's Dealing 2007

Feb 2, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GLATFELTER P H CO (GLT)
CIK: 0000041719
Period of Report: 2007-02-01

Reporting Person: DEBENEDICTIS NICHOLAS (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-01	Phantom Stock	$16.17	L	27.46	Acquired		Common Stock, Par Value $.01 (27.46)	Direct

Footnotes

F1: These phantom stock units were accrued under the P. H. Glatfelter Company Deferred Compensation Plan for Directors on quarterly dividend payments of $.09 and will be settled in cash following termination of the reporting person's service as a Director.

F2: Expiration of these Phantom Shares will occur when the Director retires, and the share are converted to cash.