SEC Form 4 · accession 0000916480-15-000031
WAUSAU PAPER CORP. · WPP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gavin Molinelli
Director
Period of report
Feb 17, 2015
Accepted (ET)
Mar 3, 2015 · 4:57 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000105076
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock Equivalent UnitsF4,F1,F2 | $0.00 | Feb 17, 2015 | A | 10 | A | — | — | Common Stock | 10 | 3,303 | D |
| Common Stock Equivalent UnitsF4,F1,F2 | $0.00 | Feb 27, 2015 | A | 728 | A | — | — | Common Stock | 728 | 4,031 | D |
| Restricted Stock UnitsF4,F3 | $0.00 | Feb 17, 2015 | A | 29 | A | — | — | Common Stock | 29 | 9,294 | D |
Explanation of responses
- F1Converts to common stock on a one-for-one basis.
- F2Stock equivalent units accrued under the Wausau Paper Corp. Deferred Compensation Plan for Directors; the value of the units is paid in cash at Director's termination of service.
- F3Each 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.
- F4As a member of a 13(d) group, Mr. Molinelli may be deemed to beneficially own the 7,500,000 shares of Common Stock that are beneficially owned in the aggregate by Starboard Value LP and its affiliates. Mr. Molinelli disclaims beneficial ownership of such shares of Common Stock except to the extent of his pecuniary interest therein.