TREDEGAR CORP — Director's Dealing 2020

Dec 24, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TREDEGAR CORP (TG)
CIK: 0000850429
Period of Report: 2020-12-21

Reporting Person: EDWARDS D ANDREW (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-21	Stock Option (right to buy)	$11.67	J	53065	Acquired	2024-05-22	Common Stock (53065)	Direct
2020-12-21	Stock Option (right to buy)	$11.67	J	22110	Acquired	2024-05-22	Common Stock (22110)	Direct
2020-12-21	Stock Option (right to buy)	$14.43	J	46074	Acquired	2025-05-07	Common Stock (46074)	Direct
2020-12-21	Stock Option (right to buy)	$13.78	J	50744	Acquired	2026-03-23	Common Stock (50744)	Direct
2020-12-21	Stock Option (right to buy)	$10.75	J	114355	Acquired	2027-03-25	Common Stock (114355)	Direct
2020-12-21	Stock Appreciation Right	$15.25	A	2066	Acquired	2024-05-22	Common Stock (2066)	Direct
2020-12-21	Stock Appreciation Right	$15.25	A	861	Acquired	2024-05-22	Common Stock (861)	Direct
2020-12-21	Stock Appreciation Right	$15.25	A	2261	Acquired	2025-05-07	Common Stock (2261)	Direct
2020-12-21	Stock Appreciation Right	$15.25	A	3113	Acquired	2026-03-23	Common Stock (3113)	Direct
2020-12-21	Stock Appreciation Right	$15.25	A	9611	Acquired	2027-03-25	Common Stock (9611)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Tredegar Common Stock	53291	Direct
Tredegar Common Stock	126	Indirect

Footnotes

F1: Shares as reported by the Tredegar Corporation Retirement Savings Plan (the "Savings Plan") trustee.

F2: On December 18, 2020, the Issuer paid a special dividend of $5.97 per share to all holders of its common stock as of the close of business on December 11, 2020 (the "Special Dividend"). In connection with the Special Dividend, the Executive Compensation Committee of the Issuer's Board of Directors (the "Committee") approved adjustments to the exercise price and number of shares subject to all unexercised stock options to account for the effect of the Special Dividend.

F3: The original grant was for 39,572 shares with an exercise price of $15.65 per share.

F4: The original grant was for 16,488 shares with an exercise price of $15.65 per share.

F5: The original grant was for 34,358 shares with an exercise price of $19.35 per share.

F6: The original grant was for 37,841 shares with an exercise price of $18.48 per share.

F7: The original grant was for 85,277 shares with an exercise price of $14.41 per share.

F8: Reflects a grant of stock appreciation rights made by the Committee to compensate holders for the loss in value of the stock options to which the stock appreciation rights relate as a result of the Special Dividend.