GARNEAU RICHARD 4/A
4/A · Resolute Forest Products Inc. · Filed Nov 16, 2017
Insider Transaction Report
Form 4/AAmended
GARNEAU RICHARD
Director
Transactions
- Tax Payment
Restricted Stock Units
2017-11-09$8.93/sh−19,841$177,180→ 365,009 total→ Common Stock (19,841 underlying)
Footnotes (2)
- [F1]On November 9, 2015, this reporting person was awarded restricted stock units (each an "RSU"), each representing a contingent right to receive one share of Resolute Forest Products Inc. (the "Company") common stock. The terms of such RSUs provide that they vest in four equal annual instalments, and may be settled in cash as necessary to ensure that the number of shares of common stock issued to the reporting person do not exceed the annual limits on the maximum number of shares that may be issued to any one participant during any one-calendar-year period pursuant to the Resolute Forest Products Equity Incentive Plan.
- [F2]This transaction was originally reported on Table I of Form 4 on November 13, 2017, but should have been reported on Table 2, as these RSUs permit cash settlement as necessary to ensure that the number of shares of common stock issued to the reporting person do not exceed the annual limits on the maximum number of shares that may be issued to any one participant during any one-calendar-year period pursuant to the Resolute Forest Products Equity Incentive Plan. This transaction was settled in Common Stock.