Merette Jean Francois 4
4 · Domtar CORP · Filed Aug 20, 2010
Insider Transaction Report
Form 4
Domtar CORPUFS
Merette Jean Francois
SVP, Forest Products
Transactions
- Exercise/Conversion
Common Stock
2010-08-19$12.60/sh+3,832$48,283→ 6,033.204 total - Sale
Common Stock
2010-08-19$63.94/sh−3,832$245,018→ 2,201.204 total - Exercise/Conversion
Employee Stock Option (right to buy)
2010-08-19−3,416→ 0 totalExercise: $12.60From: 2010-04-08Exp: 2016-04-08→ Common Stock (3,416 underlying) - Exercise/Conversion
Employee Stock Option (right to buy)
2010-08-19−416→ 0 totalExercise: $12.60From: 2010-04-08Exp: 2016-04-08→ Common Stock (416 underlying)
Footnotes (6)
- [F1]The price has been adjusted to reflect the reverse stock split for a ratio of 1-for-12 of the issuer's common shares, which became effective June 10, 2009.
- [F2]Includes performance conditioned restricted stock units.
- [F3]Shares being sold represent exercised stock options which are an integral part of Domtar Corporation's long-term incentive compensation program.
- [F4]On April 8, 2009, a grant of regular stock options was awarded to members of the Management Committee. These stock options vest in three equal annual installments on the first three anniversaries of the grant date. One third of the regular stock options vested as of April 8, 2010.The reporting person's remaining stock options vested as of June 30, 2010, following the closing of the sale of Domtar Corporation's Forest Product Business to EACOM Timber Corporation.
- [F5]This transaction was executed in multiple trades at prices ranging from $63.84 to $63.98. The price reported above is the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F6]On April 8, 2009, a grant of performance conditioned stock options was awarded to members of the Management Committee. These stock options vest in three equal annual installments on the first three anniversaries of the grant date. One third of the performance conditioned stock options vested as of April 8, 2010.The reporting person's remaining stock options vested as of June 30, 2010, following the closing of the sale of Domtar Corporation's Forest Product Business to EACOM Timber Corporation.