Magnera Corp — Director's Dealing 2015

Feb 17, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GLATFELTER P H CO (GLT)
CIK: 0000041719
Period of Report: 2015-02-13

Reporting Person: ELDER DAVID C (Vice Pres, Finance)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-13	Common Stock, Par Value $.01	M	3243	$24.89	Acquired	14281	Direct
2015-02-13	Common Stock, Par Value $.01	F	1193	$24.89	Disposed	13088	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-02-13	Performance Stock Award	$	J	201	Acquired	2015-03-15	Common Stock, Par Value $.01 (201)	Direct
2015-02-13	Performance Stock Award	$	J	2192	Disposed	2015-03-15	Common Stock, Par Value $.01 (2192)	Direct
2015-02-13	Performance Stock Award	$	M	3243	Disposed	2015-03-15	Common Stock, Par Value $.01 (3243)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, Par Value $.01	1966	Indirect

Footnotes

F1: Indicates vesting of Performance Share Awards. Based on achievement of performance targets, payout percentage was at 59.7% 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, payment of which is subject to attainment of the performance goals and payment of the underlying award.

F5: Payout percentage of PSA was at 59.7%. These shares represent the portion of the award that was unearned and cancelled.