SEC Form 4 · accession 0001127602-16-059662
GLATFELTER P H CO · GLT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David C Elder
Officer — Vice Pres, Finance
Period of report
Aug 4, 2016
Accepted (ET)
Aug 8, 2016 · 9:31 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 | Aug 4, 2016 | M | 8,000 | $21.44 | A | 22,783 | D | |
| Common Stock, Par Value $.01F2 | Aug 4, 2016 | D | 5,948 | — | D | 16,835 | D | |
| Common Stock, Par Value $.01 | Aug 4, 2016 | F | 652 | $21.44 | D | 16,183 | D | |
| Common Stock, Par Value $.01 | Aug 5, 2016 | S | 700 | $21.6862 | D | 15,483 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Only Stock Appreciation Rights | $15.94 | Aug 4, 2016 | M | 8,000 | D | Mar 7, 2010 | Mar 7, 2017 | Common Stock, Par Value $.01 | 8,000 | 0 | D |
Explanation of responses
- F1The Company grants SARs that are settled in stock. These units repesent the difference between the number of Stock-Only SARs granted, versus the number received in settlement or withheld for taxes.
- F2Not applicable to this transaction
- F3These shares are being withheld to satisfy tax obligations.