SEC Form 4 · accession 0001127602-15-006373

GLATFELTER P H CO · GLT

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

Reporting owner

Officer — Senior VP, Bus.Unit Pres.-SPBU

Period of report

Feb 13, 2015

Accepted (ET)

Feb 17, 2015 · 4:18 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000041719

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock, Par Value $.01	Feb 13, 2015	M	8,637	$24.89	A	8,637	D
Common Stock, Par Value $.01	Feb 13, 2015	F	2,876	$24.89	D	5,761	D
Common Stock, Par Value $.01	holding	—	—		—	161	I	held via 401(k) Plan

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Performance Stock Award^F3,F4	—	Feb 13, 2015	J	354	A	Jan 1, 2015	Mar 15, 2015	Common Stock, Par Value $.01	354	14,470	D
Performance Stock Award^F3,F4	—	Feb 13, 2015	J	5,833	D	Jan 1, 2015	Mar 15, 2015	Common Stock, Par Value $.01	5,833	8,637	D
Performance Stock Award^F3,F4	—	Feb 13, 2015	M	8,637	D	Jan 1, 2015	Mar 15, 2015	Common Stock, Par Value $.01	8,637	0	D

F1Indicates vesting of Performance Share Awards. Based on achievement of performance targets, payout percentage was at 59.7% of the original target, adjusted to include accrued dividend equivalents.
F2These shares are being withheld to satisfy tax obligations.
F3PSA Award amount reflects a target number. Actual payout will range from 0% to 150% of target subject to attainment of performance goals.
F4Not applicable to this transaction
F5Dividends accrue on the target amount of PSA awards, and the purpose of this filing is to update the award amount to reflect the accrued dividends, payment of which is subject to attainment of the performance goals and payment of the underlying award.
F6Payout percentage of PSA was at 59.7%. These shares represent the portion of the award that was unearned and cancelled.