SEC Form 4 · accession 0001209191-18-016915

Clearwater Paper Corp · CLW

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Sr. Vice President

Period of report

Mar 1, 2018

Accepted (ET)

Mar 5, 2018 · 6:59 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 Stock^F1	Mar 1, 2018	F	165	$37.60	D	11,547	D
Common Stock^F2,F3	Mar 5, 2018	A	3,270	$37.45	A	14,817	D
Common Stock	holding	—	—		—	68,472	I	Family Trust
Common Stock	holding	—	—		—	53	I	401(k)

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Options (right to buy)^F4	$37.45	Mar 5, 2018	A	9,813	A	—	Mar 5, 2028	Common Stock	9,813	42,630	D

F1Represents shares withheld by Clearwater Paper Corporation to satisfy tax withholding requirements due at settlement of restricted stock units, that vested March 1, 2018.
F2Represents award of restricted stock units ("RSUs"). RSUs may be settled only for shares of common stock on a one-for-one basis.
F3Represents award of RSUs that will vest 33%, 33%, 34% on March 5, 2019, 2020 and 2021, respectively, 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.
F4These options become exercisable 33%, 33% and 34% on March 5, 2019, 2020 and 2021, respectively, assuming continued employment.