SEC Form 4 · accession 0001127602-16-041565
GLATFELTER P H CO · GLT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William T. Yanavitch II
Officer — Senior VP, H.R. & Admin.
Period of report
Feb 12, 2016
Accepted (ET)
Feb 16, 2016 · 6:34 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 | 1,695 | $17.01 | A | 28,842 | D | |
| Common Stock, Par Value $.01 | Feb 12, 2016 | F | 628 | $17.01 | D | 28,214 | 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 AwardF3 | — | Feb 12, 2016 | J | 385 | A | Jan 1, 2016 | Mar 15, 2016 | Common Stock, Par Value $.01 | 385 | 6,865 | D |
| Performance Stock AwardF3 | — | Feb 12, 2016 | J | 3,475 | D | Jan 1, 2016 | Mar 15, 2016 | Common Stock, Par Value $.01 | 3,475 | 3,390 | D |
| Performance Stock AwardF3 | — | Feb 12, 2016 | M | 1,695 | D | Jan 1, 2016 | Mar 15, 2016 | Common Stock, Par Value $.01 | 1,695 | 1,695 | D |
Explanation of responses
- F1Indicates vesting of Performance Share Awards. Based on achievement of performance targets, payout percentage was at 24.7% of the original target as adjusted to include accrued dividend equivalents.
- F2These shares are being withheld to satisfy tax obligations.
- F3Not applicable to this transaction
- F4Dividends 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.
- F5Payout percentage of PSA was at 24.7%. These shares represent the portion of the award that was unearned and cancelled.