Magnera Corp — Director's Dealing 2022

Oct 21, 2022

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Glatfelter Corp (GLT)
CIK: 0000041719
Period of Report: 2022-10-13

Reporting Person: CARLSON CAPITAL L P (10% Owner)
Reporting Person: Double Black Diamond Offshore Ltd (10% Owner)
Reporting Person: Black Diamond Arbitrage Offshore Ltd. (10% Owner)
Reporting Person: Delaware Domiciled Single Investor Limited Partnership - 101 (10% Owner)
Reporting Person: Asgard Investment Corp. II (10% Owner)
Reporting Person: Carlson Clint Duane (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.01 per share (the "Common Stock")	5365000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to buy)	$2.50	2023-01-20	Common Stock (50000)		Indirect

Footnotes

F1: The shares of Common Stock to which this relates are held directly by Double Black Diamond Offshore Ltd., a Cayman Islands exempted company ("Double Offshore"), Black Diamond Arbitrage Offshore Ltd., a Cayman Islands exempted company ("Arbitrage") and Delaware Domiciled Single Investor Limited Partnership - 101, a Delaware limited partnership ("Single Investor Limited," together with Double Offshore and Arbitrage, the "Funds").

F2: Carlson Capital, L.P., a Delaware limited partnership ("Carlson Capital") serves as the investment manager to, and has the power to direct the affairs of, the Funds. Asgard Investment Corp. II, a Delaware corporation ("Asgard II") serves as the general partner of, and has the power to direct the affairs of, Carlson Capital. Mr. Clint D. Carlson, a U.S. citizen, serves as the president of, and has the power to direct the affairs of, Asgard II and Carlson Capital. Each of the reporting persons disclaims beneficial ownership of the securities to which this Form 3 relates for the purposes of Section 16 of the Securities and Exchange Act of 1934, as amended, except as to such extent of the reporting person's pecuniary interest in the securities.

F3: The stock option is exercisable at any time before and including on the day of its expiration.