Magnera Corp — Director's Dealing 2012

May 9, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GLATFELTER P H CO (GLT)
CIK: 0000041719
Period of Report: 2012-05-07

Reporting Person: NAPLES RONALD J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-07	Common Stock, Par Value $.01	M	3250	$14.87	Acquired	23219	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-05-08	Restricted Stock Units	$	A	5330	Acquired	2015-05-05	Common Stock, Par Value $.01 (5330)	Direct
2012-05-07	Restricted Stock Units	$0	M	3250	Disposed	2012-05-07	Common Stock, Par Value $.01 (3250)	Direct

Footnotes

F1: Not applicable to this transaction. RSUs have no value until vested.

F2: Restricted stock units correspond 1 for 1 with common stock.

F3: This grant vests one-third on 5/8/2013, one-third on 5/8/2014, and the final one-third vests, and all restrictions lapse, on the day prior to the 2015 Annual Meeting, or approximately 5/5/2015.