SEC Form 4 · accession 0001209191-19-010182
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
Feb 12, 2019
Accepted (ET)
Feb 14, 2019 · 4:34 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 | — | Feb 12, 2019 | A | 9,352 | A | — | — | Common Stock | 9,352 | 9,352 | D |
Explanation of responses
- F1Resolute Forest Products Inc. (the "Company") awarded to the reporting person 9,352 deferred stock units, each a "DSU". Each DSU 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 DSUs will vest on the last day of each calendar quarter in the current fiscal year. The vested DSU awards 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).