SEC Form 4 · accession 0001209191-16-103435
Clearwater Paper Corp · CLW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael S Gadd
Officer — Sr. Vice President
Period of report
Feb 25, 2016
Accepted (ET)
Feb 29, 2016 · 4:52 pm EST
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 | Feb 25, 2016 | A | 2,517 | $0.00 | A | 12,313 | D | |
| Common Stock | holding | — | — | — | 84,601 | I | Family Trust | |
| Common Stock | holding | — | — | — | 53 | 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 | $38.75 | Feb 25, 2016 | A | 11,328 | A | — | Feb 25, 2026 | Common Stock | 11,328 | 25,230 | 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, 2018, 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, 2018, assuming continued employment.