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Magnera Corp — Director's Dealing 2016
Feb 17, 2016
33036_dirs_2016-02-16_097d8639-176d-4532-a6a8-a56773b3dcec.zip
Director's Dealing
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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: Matsumoto Kent K. (VP, Gnl. Counsel & Secretary)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-02-12 | Common Stock, Par Value $.01 | M | 320 | $17.01 | Acquired | 320 | Direct |
| 2016-02-12 | Common Stock, Par Value $.01 | M | 582 | $17.01 | Acquired | 902 | Direct |
| 2016-02-12 | Common Stock, Par Value $.01 | F | 373 | $17.01 | Disposed | 529 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-02-12 | Performance Stock Award | $ | J | 73 | Acquired | 2016-03-15 | Common Stock, Par Value $.01 (73) | Direct |
| 2016-02-12 | Performance Stock Award | $ | J | 114 | Acquired | 2016-03-15 | Common Stock, Par Value $.01 (114) | Direct |
| 2016-02-12 | Performance Stock Award | $ | J | 739 | Disposed | 2016-03-15 | Common Stock, Par Value $.01 (739) | Direct |
| 2016-02-12 | Performance Stock Award | $ | J | 1109 | Disposed | 2016-03-15 | Common Stock, Par Value $.01 (1109) | Direct |
| 2016-02-12 | Performance Stock Award | $ | M | 320 | Disposed | 2016-03-15 | Common Stock, Par Value $.01 (320) | Direct |
| 2016-02-12 | Performance Stock Award | $ | M | 582 | Disposed | 2016-03-15 | Common Stock, Par Value $.01 (582) | Direct |
Footnotes
F1: Indicates vesting of Performance Share Awards. Based on achievement of performance targets, payout percentage was at 24.7% of the original target as adjusted to include accrued dividend equivalents.
F2: These shares are being withheld to satisfy tax obligations.
F3: PSA Award amount reflects a target number. Actual payout will range from 0% to 150% of target subject to attainment of performance goals.
F4: Not applicable to this transaction
F5: 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.
F6: Payout percentage of PSA was at 24.7%. These shares represent the portion of the award that was unearned and cancelled.