Magnera Corp — Director's Dealing 2014

Feb 18, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GLATFELTER P H CO (GLT)
CIK: 0000041719
Period of Report: 2014-02-14

Reporting Person: RAPP MARTIN (Vice President, Business Unit)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-14	Common Stock, Par Value $.01	M	5080	$29.14	Acquired	22062	Direct
2014-02-14	Common Stock, Par Value $.01	F	2042	$29.14	Disposed	20020	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-14	Performance Stock Award	$	J	132	Acquired	2014-03-03	Common Stock, Par Value $.01 (132)	Direct
2014-02-14	Performance Stock Award	$	M	5080	Disposed	2014-03-03	Common Stock, Par Value $.01 (5080)	Direct
2014-02-14	Performance Stock Award	$	J	1409	Disposed	2014-03-03	Common Stock, Par Value $.01 (1409)	Direct

Footnotes

F1: Indicates vesting of Performance Share Awards. Based on achievement of performance targets, payout percentage was at 78.3% of the original target (adjusted to include accrued dividend equivalents.)

F2: These shares are being withheld to satisfy tax obligations.

F3: Not applicable to this transaction

F4: Dividends accrue on the target amount of PSA awards, and the purpose of this filing is to update the award amount to reflect the accrued dividends through the payout date, payment of which is subject to attainment of the performance goals and payment of the underlying award.

F5: Payout percentage of PSA was at 78.3%. These shares represent the portion of the award that was unearned and cancelled.