SEC Form 4 · accession 0001209191-16-088754
Resolute Forest Products Inc. · RFP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard D Falconer
Director
Period of report
Dec 31, 2015
Accepted (ET)
Jan 5, 2016 · 4:44 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001393066
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Stock UnitsF2,F1 | — | Dec 31, 2015 | A | 1,568 | A | — | — | Common Stock | 1,568 | 23,985 | D |
Explanation of responses
- F1Resolute Forest Products Inc. (the "Company") awarded 1,568 deferred stock units, each a "DSU", to the reporting person, representing deferred director fees. Each DSU is the economic equivalent of one share of the Company's common stock. 1,426 DSU's were fully vested at the time of award, with the balance to vest proportionately on March 31 in each of the three years following the date of grant. Vested DSUs will settle and become payable in cash after the earliest of (i) death or (ii) December 15 of the year following the year of the reporting person's termination of service (subject to earlier settlement in certain circumstances).
- F2Represents the aggregate of all DSUs for deferred director fees beneficially owned by the reporting person.