SEC Form 4 · accession 0001209191-17-061037
Resolute Forest Products Inc. · RFP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Garneau
Officer — President & CEO · Director
Period of report
Nov 13, 2017
Accepted (ET)
Nov 16, 2017 · 7:49 am 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | — | Nov 13, 2017 | A | 135,062 | A | — | — | Common Stock | 135,062 | 500,071 | D |
| Restricted Stock UnitsF3,F2 | — | Nov 14, 2017 | D | 72,387 | D | — | — | Common Stock | 72,387 | 427,684 | D |
Explanation of responses
- F1This reporting person was awarded restricted stock units (each an "RSU"), each representing a contingent right to receive one share of Resolute Forest Products Inc. (the "Company") common stock. The RSUs vest in four equal annual installments beginning on November 13, 2016, and may be settled in cash as necessary to ensure that the number of shares of common stock issued to the reporting person do not exceed the annual limits on the maximum number of shares that may be issued to any one participant during any one-calendar-year period pursuant to the Resolute Forest Products Equity Incentive Plan.
- F2On November 14, 2016, this reporting person was awarded RSUs, each representing a contingent right to receive one share of Company common stock. The terms of such RSUs provide that they vest in four equal annual instalments, and may be settled in cash as necessary to ensure that the number of shares of common stock issued to the reporting person do not exceed the annual limits on the maximum number of shares that may be issued to any one participant during any one-calendar-year period pursuant to the Resolute Forest Products Equity Incentive Plan.
- F3On November 14, 2016, this reporting person was awarded RSUs, each representing a contingent right to receive one share of Company common stock. The terms of such RSUs provide that they vest in four equal annual instalments. As permitted by their terms, the RSUs that vested on November 14, 2017, were settled in cash.