SEC Form 4 · accession 0001209191-15-031583
Clearwater Paper Corp · CLW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patrick T. Burke
Officer — SVP, Pres Cons. Prod.
Period of report
Apr 1, 2015
Accepted (ET)
Apr 2, 2015 · 5:01 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001441236
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Apr 1, 2015 | A | 968 | $67.83 | A | 4,730 | D | |
| Common Stock | holding | — | — | — | 27 | I | 401(k) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F3 | $67.83 | Apr 1, 2015 | A | 4,359 | A | — | Apr 1, 2025 | Common Stock | 4,359 | 7,779 | D |
Explanation of responses
- F1Represents award of restricted stock units ("RSUs"). RSUs may be settled only for shares of common stock on a one-for-one basis.
- F2Represents award of RSUs that will vest on December 31, 2017, assuming continued employment. During the vesting period, an amount equal to the dividends that would have been paid on the RSUs had they been in the form of common stock will be converted into additional RSUs.
- F3The option becomes exercisable on December 31, 2017, assuming continued employment.