SEC Form 4 · accession 0001209191-18-009938
Resolute Forest Products Inc. · RFP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey A Hearn
Director
Period of report
Feb 12, 2018
Accepted (ET)
Feb 14, 2018 · 3:38 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1 | — | Feb 12, 2018 | A | 9,603 | A | — | — | Common stock | 9,603 | 9,603 | D |
Explanation of responses
- F1Resolute Forest Products Inc. (the "Company") awarded to the reporting person 9,603 restricted stock units, each an "RSU". Each RSU represents the right to receive the economic equivalent of one share of Company common stock in cash upon settlement. Twenty five percent of the awarded RSUs will vest on the last day of each calendar quarter in the current fiscal year. Generally, the vested RSUs will settle in cash in equal installments on March 31 of the years 2019, 2020 and 2021 (with earlier settlement in the case of the reporting person's death, disability or termination of service).