SEC Form 4 · accession 0001209191-16-099338
Resolute Forest Products Inc. · RFP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michel P Desbiens
Director
Period of report
Feb 15, 2016
Accepted (ET)
Feb 17, 2016 · 5:00 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001393066
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 15, 2016 | A | 18,029 | $0.00 | A | 28,808 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Resolute Forest Products Inc. (the "Company") awarded to the reporting person 18,029 deferred stock units, each a "DSU". Each DSU represents the right to receive one share of Company common stock upon settlement. Twenty five percent of the awarded DSUs will vest on the last day of each calendar quarter in the current fiscal year. The vested DSU awards will settle in shares of Company common stock after the earliest of (i) death, (ii) disability or (iii) December 15 of the year following the year of the reporting person's termination of service (subject to earlier settlement in certain circumstances).