Magnera Corp — Director's Dealing 2009

Jan 2, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GLATFELTER P H CO (GLT)
CIK: 0000041719
Period of Report: 2008-12-31

Reporting Person: GLATFELTER GEORGE H II (Director, Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-12-31	Common Stock, Par Value $.01	F	11821	$9.30	Disposed	68397	Direct
2008-12-31	Common Stock, Par Value $.01	M	40000	$9.30	Acquired	108397	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-12-31	Restricted	$0	M	40000	Disposed	2014-04-07	Common Stock, Par Value $.01 (40000)	Direct

Footnotes

F1: Resticted stock units correspond 1 for 1 with common stock.

F2: Restricted Stock Units vested on December 31, 2008 and 11,821 shares of common stock were delivered in settlement of such units.

F3: Restricted Stock Units correspond1 for 1 with common stock.