| FORM 4 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
| 2. Issuer Name and Ticker or Trading Symbol GLATFELTER P H CO [ GLT ] | 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
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| 3. Date of Earliest Transaction (Month/Day/Year) 02/12/2016 | ||||||||||||||||||||||||||
| 4. If Amendment, Date of Original Filed (Month/Day/Year) | 6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock, Par Value $.01 | 02/12/2016 | M(1) | 320 | A | $17.01 | 320 | D | |||
| Common Stock, Par Value $.01 | 02/12/2016 | M(1) | 582 | A | $17.01 | 902 | D | |||
| Common Stock, Par Value $.01 | 02/12/2016 | F(2) | 373 | D | $17.01 | 529 | D | |||
| Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Performance Stock Award(3) | (4) | 02/12/2016 | J(5) | 73 | 01/01/2016 | 03/15/2016 | Common Stock, Par Value $.01 | 73 | (4) | 1,298 | D | ||||
| Performance Stock Award(3) | (4) | 02/12/2016 | J(5) | 114 | 01/01/2016 | 03/15/2016 | Common Stock, Par Value $.01 | 114 | (4) | 2,354 | D | ||||
| Performance Stock Award(3) | (4) | 02/12/2016 | J(6) | 739 | 01/01/2016 | 03/15/2016 | Common Stock, Par Value $.01 | 739 | (4) | 559 | D | ||||
| Performance Stock Award(3) | (4) | 02/12/2016 | J(6) | 1,109 | 01/01/2016 | 03/15/2016 | Common Stock, Par Value $.01 | 1,109 | (4) | 1,245 | D | ||||
| Performance Stock Award(3) | (4) | 02/12/2016 | M(1) | 320 | 01/01/2016 | 03/15/2016 | Common Stock, Par Value $.01 | 320 | $0 | 0 | D | ||||
| Performance Stock Award(3) | (4) | 02/12/2016 | M(1) | 582 | 01/01/2016 | 03/15/2016 | Common Stock, Par Value $.01 | 582 | $0 | 0 | D | ||||
| Explanation of Responses: |
| 1. 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. |
| 2. These shares are being withheld to satisfy tax obligations. |
| 3. PSA Award amount reflects a target number. Actual payout will range from 0% to 150% of target subject to attainment of performance goals. |
| 4. Not applicable to this transaction |
| 5. 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. |
| 6. Payout percentage of PSA was at 24.7%. These shares represent the portion of the award that was unearned and cancelled. |
| Linda M. Levans by POA | 02/16/2016 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||
