SEC Form 4 · accession 0000916480-15-000022
WAUSAU PAPER CORP. · WPP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael C Burandt
Officer — Chairman of the Board and CEO · Director
Period of report
Feb 19, 2015
Accepted (ET)
Feb 23, 2015 · 5:21 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000105076
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| No Par Value Common StockF1 | Feb 19, 2015 | M | 3,017 | $0.00 | A | 6,017 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2 | $0.00 | Feb 17, 2015 | A | 49 | A | — | — | Common Stock | 49 | 15,722 | D |
| Performance RightsF3,F4 | $0.00 | Feb 17, 2015 | A | 16 | A | Dec 31, 2014 | Dec 31, 2014 | Common Stock | 16 | 5,063 | D |
| Performance RightsF5 | $0.00 | Feb 19, 2015 | M | 5,063 | D | — | — | Common Stock | 5,063 | 0 | D |
Explanation of responses
- F1Settlement of performance rights based on conditions relating to retention.
- F2Each unit represents right to receive one share of issuer's common stock upon termination of service as a director, unless deferred at election of reporting person.
- F3Converts to common stock on a one-for-one basis.
- F4Rights vested on December 31, 2014.
- F5Performance rights settled in common stock and cash on February 19, 2015 based on conditions relating to retention. Number of rights settled in common stock are reported in Table I.