Magnera Corp — Director's Dealing 2014

Nov 14, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GLATFELTER P H CO (GLT)
CIK: 0000041719
Period of Report: 2014-11-13

Reporting Person: Yanavitch William T. II (Senior VP, H.R. & Admin.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-11-13	Common Stock, Par Value $.01	M	12000	$27.00	Acquired	35126	Direct
2014-11-13	Common Stock, Par Value $.01	M	13900	$27.00	Acquired	49026	Direct
2014-11-13	Common Stock, Par Value $.01	M	14880	$27.00	Acquired	63906	Direct
2014-11-13	Common Stock, Par Value $.01	M	25100	$27.00	Acquired	89006	Direct
2014-11-13	Common Stock, Par Value $.01	F	10903	$27.00	Disposed	78103	Direct
2014-11-13	Common Stock, Par Value $.01	D	35069	$27.00	Disposed	43034	Direct
2014-11-14	Common Stock, Par Value $.01	S	19908	$26.796	Disposed	23126	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-11-13	Stock Only Stock Appreciation Rights	$15.94	M	12000	Disposed	2017-03-07	Common Stock, Par Value $.01 (12000)	Direct
2014-11-13	Stock Only Stock Appreciation Rights	$14.78	M	13900	Disposed	2017-12-19	Common Stock, Par Value $.01 (13900)	Direct
2014-11-13	Stock Only Stock Appreciation Rights	$13.44	M	14880	Disposed	2018-03-05	Common Stock, Par Value $.01 (14880)	Direct
2014-11-13	Stock Only Stock Appreciation Rights	$13.95	M	25100	Disposed	2020-03-03	Common Stock, Par Value $.01 (25100)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, Par Value $.01	2684	Indirect

Footnotes

F1: These shares are being withheld to satisfy tax obligations.

F2: The Company grants SARs that are settled in stock. These units repesent the difference between the number of Stock-Only SARs granted, versus the number received in settlement or withheld for taxes.

F3: This is an average price. Shares were sold between $26.69 and $26.85.