Magnera Corp — Director's Dealing 2018

May 4, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GLATFELTER P H CO (GLT)
CIK: 0000041719
Period of Report: 2018-05-02

Reporting Person: NAPLES RONALD J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-05-02	Common Stock, Par Value $.01	M	3658	$16.43	Acquired	16043	Direct
2018-05-04	Common Stock, Par Value $.01	M	6253	$16.49	Acquired	22296	Direct
2018-05-04	Common Stock, Par Value $.01	M	170	$16.49	Acquired	22466	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-05-02	Restricted Stock Units	$	M	3658	Disposed	2018-05-07	Common Stock, Par Value $.01 (3658)	Direct
2018-05-03	Restricted Stock Units	$	A	7042	Acquired	2019-05-03	Common Stock, Par Value $.01 (7042)	Direct
2018-05-04	Restricted Stock Units	$	A	170	Acquired	2018-05-04	Common Stock, Par Value $.01 (170)	Direct
2018-05-04	Restricted Stock Units	$	M	6253	Disposed	2018-05-04	Common Stock, Par Value $.01 (6253)	Direct
2018-05-04	Restricted Stock Units	$	M	170	Disposed	2018-05-04	Common Stock, Par Value $.01 (170)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, Par Value $.01	30864	Indirect

Footnotes

F1: Not applicable to this transaction. RSUs have no value until all restrictions lapse on the final vesting date.

F2: This grant vests one-third on 5/7/2016, one-third on 5/7/2017 and the final one-third vests, and all restrictions lapse, on 5/7/2018, or the day prior to the 2018 annual meeting of shareholders.

F3: These are dividend equivalents in the form of additional Restricted Stock Units ("RSUs") that have accrued on the 5/4/2017 Director RSU Grant reported previously. The dividend equivalents are added to the initial grant at the time of payout.

F4: Not applicable to this transaction