SEC Form 4 · accession 0001127602-17-008629
GLATFELTER P H CO · GLT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Martin Rapp
Officer — Senior VP, Bus.Unit Pres.-CFBU
Period of report
Feb 23, 2017
Accepted (ET)
Feb 27, 2017 · 5:04 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000041719
Table I — non-derivative securities
No Table I lines on this filing.
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,F1,F3 | — | Feb 23, 2017 | A | 6,972 | A | Dec 31, 2019 | Mar 15, 2020 | Common Stock, Par Value $.01 | 6,972 | 6,972 | D |
| Restricted Stock UnitsF4 | — | Feb 23, 2017 | A | 4,648 | A | Feb 23, 2020 | Feb 23, 2020 | Common Stock, Par Value $.01 | 4,648 | 4,648 | D |
| Performance Stock AwardF6,F1,F5 | — | holding | — | — | — | Jan 1, 2017 | Feb 23, 2017 | Common Stock, Par Value $.01 | 0 | 0 | D |
Explanation of responses
- F1Not applicable to this transaction
- F2PSA Award amount reflects a target number. Actual payout will range from 0% to 200% of target subject to attainment of performance goals.
- F3This is a Performance Share Award with a performance period of 1/1/2017-12/31/2018, and a one year vesting tail through 12/31/2019.
- F4Not applicable to this transaction. RSUs have no value until all restrictions lapse on the final vesting date.
- F5Date of Board determination of Performance Share Award payout percentage.
- F6Company performance targets for 3,510 PSAs granted 2/26/2014 were not met, so grant will expire with no payout.