WAUSAU PAPER CORP. 4
4 · WAUSAU PAPER CORP. · Filed Jan 22, 2016
Insider Transaction Report
Form 4
Molinelli Gavin
Director
Transactions
- Disposition to Issuer
Common Stock Equivalent Units
2016-01-21−10,367.134→ 0 totalExercise: $0.00→ Common Stock (10,367.134 underlying) - Disposition to Issuer
Restricted Stock Units
2016-01-21−9,384.024→ 0 totalExercise: $0.00→ Common Stock (9,384.024 underlying)
Footnotes (3)
- [F1]Converts to common stock on a one-for-one basis.
- [F2]Stock equivalent units accrued under the Wausau Paper Corp. Deferred Compensation Plan for Directors. Pursuant to an agreement and plan of merger dated October 12, 2015 by and among issuer, SCA Americas Inc., and Salmon Acquisition, Inc. (the "Merger"), the director has incurred a termination of service and is entitled to a cash payment equal to the merger consideration of $10.25 per share multiplied by the number of shares of common stock equivalent units.
- [F3]Each unit represented right to receive one share of issuer's common stock upon termination of service as a director, unless deferred at election of reporting person. Pursuant to the Merger, the award was cancelled in exchange for a cash payment equal to the merger consideration of $10.25 per share multiplied by the number of shares of common stock subject to such performance unit award.