GARNEAU RICHARD 4
4 · Resolute Forest Products Inc. · Filed Nov 16, 2017
Insider Transaction Report
Form 4
GARNEAU RICHARD
Director
Transactions
- Disposition to Issuer
Restricted Stock Units
2017-11-14$9.00/sh−72,387$651,483→ 427,684 total→ Common Stock (72,387 underlying) - Award
Restricted Stock Units
2017-11-13+135,062→ 500,071 total→ Common Stock (135,062 underlying)
Footnotes (3)
- [F1]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 RSUs vest in four equal annual installments beginning on November 13, 2016, 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]On November 14, 2016, this reporting person was awarded RSUs, each representing a contingent right to receive one share of 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.
- [F3]On November 14, 2016, this reporting person was awarded RSUs, each representing a contingent right to receive one share of Company common stock. The terms of such RSUs provide that they vest in four equal annual instalments. As permitted by their terms, the RSUs that vested on November 14, 2017, were settled in cash.