SEC Form 4 · accession 0001127602-16-041550
GLATFELTER P H CO · GLT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Martin Rapp
Officer — Senior VP, Bus.Unit Pres.-CFBU
Period of report
Feb 12, 2016
Accepted (ET)
Feb 16, 2016 · 6:22 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 12, 2016 | M | 1,813 | $17.01 | A | 52,958 | D | |
| Common Stock, Par Value $.01 | Feb 12, 2016 | F | 657 | $17.01 | D | 52,301 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock AwardF2 | — | Feb 12, 2016 | J | 412 | A | Jan 1, 2016 | Mar 15, 2016 | Common Stock, Par Value $.01 | 412 | 7,342 | D |
| Performance Stock AwardF2 | — | Feb 12, 2016 | J | 3,716 | D | Jan 1, 2016 | Mar 15, 2016 | Common Stock, Par Value $.01 | 3,716 | 3,626 | D |
| Performance Stock AwardF2 | — | Feb 12, 2016 | M | 1,813 | D | Jan 1, 2016 | Mar 15, 2016 | Common Stock, Par Value $.01 | 1,813 | 1,813 | D |
Explanation of responses
- F1These shares are being withheld to satisfy tax obligations.
- F2Not applicable to this transaction
- F3Dividends 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 through the payout date, payment of which is subject to attainment of the performance goals and payment of the underlying award.
- F4Payout percentage of PSA was at 24.7%. These shares represent the portion of the award that was unearned and cancelled.