Magnera Corp — Director's Dealing 2010

Mar 10, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GLATFELTER P H CO (GLT)
CIK: 0000041719
Period of Report: 2010-03-08

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-08	Common Stock, Par Value $.01	M	3750	$14.72	Acquired	92083	Direct
2010-03-08	Common Stock, Par Value $.01	F	1108	$14.72	Disposed	90975	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-03-08	Restricted	$0	M	3750	Disposed		Common Stock, Par Value $.01 (3750)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, Par Value $.01	4409	Indirect
Common Stock, Par Value $.01	140000	Indirect

Footnotes

F1: Restricted stock units vested on March 8, 2010 and 1,108 shares of common stock were delivered in settlement of taxes due thereon.

F2: The reporting person is a trustee of the Irrevocable Trust of George H. Glatfelter dated 10/19/76 (the "1976 Trust") and disclaims beneficial ownership of the reported securities of P. H. Glatfelter Company (the "Company").

F3: March 7, 2010

F4: March 8, 2010