SEC Form 4 · accession 0001209191-18-064001
Resolute Forest Products Inc. · RFP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bradley Martin
Director
Period of report
Dec 20, 2018
Accepted (ET)
Dec 21, 2018 · 7:10 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 UnitsF1 | — | Dec 20, 2018 | A | 29,265 | A | — | — | Common Stock | 29,265 | 195,683 | D |
| Deferred Stock UnitsF2 | — | Dec 20, 2018 | A | 1,689 | A | — | — | Common Stock | 1,689 | 11,292 | D |
| Dividend Equivalent UnitsF3 | — | Dec 20, 2018 | A | 8,973 | A | — | — | Common Stock | 8,973 | 8,973 | D |
Explanation of responses
- F1Represents additional Deferred Stock Units (DSUs) resulting from the adjustment pursuant to the terms of Resolute Forest Products Equity Incentive Plan on December 20, 2018 of outstanding unvested DSUs in connection with the payment of the special cash dividend approved by the board of directors of Resolute Forest Products, Inc. (the "Company") on October 31, 2018. These additional DSUs are subject to the original vesting schedule in place with respect to the underlying DSUs. 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 additional DSUs resulting from the adjustment pursuant to the terms of Resolute Forest Products Equity Incentive Plan on December 20, 2018 of outstanding unvested DSUs in connection with the payment of the special cash dividend approved by the Company's board of directors on October 31, 2018. These additional DSUs are subject to the original vesting schedule in place with respect to the underlying DSUs. Each DSU represents the right to receive the economic equivalent of one share of Company common stock in cash upon settlement. The vested DSUs will settle in cash 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)
- F3The Dividend Equivalent Units (DEUs) accrued on outstanding unvested DSUs pursuant to the terms of the Resolute Forest Products Equity Incentive Plan in connection with the payment on December 20, 2018 of the special dividend approved by the Company's board of directors on October 31, 2018. These DEUs are subject to the original vesting schedule in place with respect to the underlying DSUs and will settle in cash 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).