Magnera Corp — Director's Dealing 2008

May 5, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GLATFELTER P H CO (GLT)
CIK: 0000041719
Period of Report: 2008-04-30

Reporting Person: NAPLES RONALD J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-04-30	Common Stock, Par Value $.01	A	1326	$14.59	Acquired	7125	Direct
2008-05-01	Common Stock, Par Value $.01	A	805	$14.49	Acquired	7930	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-05-01	Phantom Stock	$14.49	A	36.549	Acquired		Common Stock, Par Value $.01 (36.549)	Direct
2008-05-01	Restricted	$0	A	2070	Acquired	2011-04-27	Common Stock, Par Value $.01 (2070)	Direct

Footnotes

F3: 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.

F1: These shares represent the 2005 RSU grant that lapsed on April 30, 2008.

F2: The Directors receive a retainer of 17,500 semi-annually. 2/3 is paid in stock. These shares represent the 2/3 that is paid in stock.