Magnera Corp — Director's Dealing 2011

Jan 4, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GLATFELTER P H CO (GLT)
CIK: 0000041719
Period of Report: 2010-12-31

Reporting Person: ELDER DAVID C (Vice Pres, Corp Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-31	Common Stock, Par Value $.01	M	4600	$12.27	Acquired	4600	Direct
2010-12-31	Common Stock, Par Value $.01	F	1360	$12.27	Disposed	3240	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-31	Restricted	$0	M	4600	Disposed	2010-12-31	Common Stock, Par Value $.01 (4600)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, Par Value $.01	1434	Indirect

Footnotes

F1: These are Restricted Stock Units (RSUs) granted in 2006, on which all restrictions lapsed 12/31/2010. RSUs correspond 1 for 1 with common stock.