GLATFELTER P H CO 4
4 · GLATFELTER P H CO · Filed Feb 16, 2016
Insider Transaction Report
Form 4
Sullivan Mark A
V. P. Global Supply Chain
Transactions
- Tax Payment
Common Stock, Par Value $.01
2016-02-12$17.01/sh−599$10,189→ 33,321 total - Other
Performance Stock Award
2016-02-12−3,250→ 3,170 totalFrom: 2016-01-01Exp: 2016-03-15→ Common Stock, Par Value $.01 (3,250 underlying) - Exercise/Conversion
Common Stock, Par Value $.01
2016-02-12$17.01/sh+1,585$26,961→ 33,920 total - Other
Performance Stock Award
2016-02-12+360→ 6,420 totalFrom: 2016-01-01Exp: 2016-03-15→ Common Stock, Par Value $.01 (360 underlying) - Exercise/Conversion
Performance Stock Award
2016-02-12−1,585→ 1,585 totalFrom: 2016-01-01Exp: 2016-03-15→ Common Stock, Par Value $.01 (1,585 underlying)
Footnotes (5)
- [F1]Indicates 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.
- [F2]These shares are being withheld to satisfy tax obligations.
- [F3]Not applicable to this transaction
- [F4]Dividends 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.
- [F5]Payout percentage of PSA was at 24.7%. These shares represent the portion of the award that was unearned and cancelled.