Magnera Corp — Director's Dealing 2012

Mar 8, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GLATFELTER P H CO (GLT)
CIK: 0000041719
Period of Report: 2012-03-06

Reporting Person: JACUNSKI JOHN P (SVP, CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-07	Common Stock, Par Value $.01	A	3100	$15.68	Acquired	34306	Direct
2012-03-07	Common Stock, Par Value $.01	F	938	$15.68	Disposed	33368	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-06	Stock Only Stock Appreciation Rights	$12.61	A	33790	Acquired	2022-03-06	Common Stock, Par Value $.01 (33790)	Direct
2012-03-06	Performance Stock Award	$	A	11800	Acquired	2015-03-15	Common Stock, Par Value $.01 (11800)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, Par Value $.01	3088	Indirect

Footnotes

F1: Not applicable to this transaction

F2: PSA Award amount reflects a target number. Actual payout will range from 0% to 150% of target subject to attainment of performance goals.

F3: These shares are being withheld to satisfy tax obligations.

F4: These SOSARs vest in thirds on the anniversary dates of the grant in 2013, 2014 and 2015 respectively.

F5: These are Restricted Stock Units (RSUs) granted on March 7, 2007, on which all restrictions lapsed on March 7, 2012. RSUs correspond 1 for 1 with common stock.