SEC Form 4 · accession 0001127602-16-051302
GLATFELTER P H CO · GLT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nicholas Debenedictis
Director
Period of report
May 4, 2016
Accepted (ET)
May 6, 2016 · 11:00 am EDT
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 | May 4, 2016 | M | 3,223 | $20.43 | A | 49,499 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | $0.00 | May 4, 2016 | M | 3,223 | D | May 9, 2016 | May 9, 2016 | Common Stock, Par Value $.01 | 3,223 | 0 | D |
| Restricted Stock UnitsF1,F3 | — | May 5, 2016 | A | 4,573 | A | May 5, 2019 | May 5, 2019 | Common Stock, Par Value $.01 | 4,573 | 4,573 | D |
Explanation of responses
- F1Not applicable to this transaction. RSUs have no value until all restrictions lapse on the final vesting date.
- F2This grant vests one-third on 5/9/2014, one-third on 5/9/2015 and the final one-third vests, and all restrictions lapse, on 5/9/2016 or the day prior to the 2016 annual meeting.
- F3This RSU grant vests one-third on 5/5/2017, one-third on 5/5/2018 and the final one-third vests, and all restrictions lapse, on 5/5/2019, or the day prior to the 2019 annual meeting of shareholders.