Magnera Corp — Director's Dealing 2016

Feb 17, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GLATFELTER P H CO (GLT)
CIK: 0000041719
Period of Report: 2016-02-12

Reporting Person: RAPP MARTIN (Senior VP, Bus.Unit Pres.-CFBU)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-12	Common Stock, Par Value $.01	M	1813	$17.01	Acquired	52958	Direct
2016-02-12	Common Stock, Par Value $.01	F	657	$17.01	Disposed	52301	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-12	Performance Stock Award	$	J	412	Acquired	2016-03-15	Common Stock, Par Value $.01 (412)	Direct
2016-02-12	Performance Stock Award	$	J	3716	Disposed	2016-03-15	Common Stock, Par Value $.01 (3716)	Direct
2016-02-12	Performance Stock Award	$	M	1813	Disposed	2016-03-15	Common Stock, Par Value $.01 (1813)	Direct

Footnotes

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

F2: Not applicable to this transaction

F3: 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.

F4: Payout percentage of PSA was at 24.7%. These shares represent the portion of the award that was unearned and cancelled.