HERTZ JOHN 4
4 · Clearwater Paper Corp · Filed Mar 5, 2018
Insider Transaction Report
Form 4
HERTZ JOHN
Senior Vice President
Transactions
- Tax Payment
Common Stock
2018-03-01$37.60/sh−210$7,896→ 33,567 total - Award
Common Stock
2018-03-05$37.45/sh+4,135$154,856→ 37,702 total - Award
Employee Stock Options (right to buy)
2018-03-05+12,405→ 54,096 totalExercise: $37.45Exp: 2028-03-05→ Common Stock (12,405 underlying)
Footnotes (4)
- [F1]Represents shares withheld by Clearwater Paper Corporation to satisfy tax withholding requirements due at settlement of restricted stock units, that vested March 1, 2018.
- [F2]Represents award of restricted stock units ("RSUs"). RSUs may be settled only for shares of common stock on a one-for-one basis.
- [F3]Represents award of RSUs that will vest 33%, 33%, 34% on March 5, 2019, 2020 and 2021, respectively, assuming continued employment. During the vesting period, an amount equal to the dividends that would have been paid on the RSUs had they been in the form of common stock will be converted into additional RSUs.
- [F4]These options become exercisable 33%, 33% and 34% on March 5, 2019, 2020 and 2021, respectively, assuming continued employment.