| FORM 3 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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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1. Name and Address of Reporting Person*
(Street)
| 2. Date of Event Requiring Statement (Month/Day/Year) 01/01/2022 | 3. Issuer Name and Ticker or Trading Symbol Resolute Forest Products Inc. [ RFP ] | |||||||||||||
| 4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
| 5. 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 Beneficially Owned | |||
|---|---|---|---|
| 1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
| Common Stock | 9,553(1) | D | |
| Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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| 1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Stock Options (right to buy) | 11/06/2014(2) | 11/05/2023 | Common Stock | 11,809 | 15.66 | D | |
| Restricted Share Units | (3) | (3) | Common Stock | 2,700 | (3) | D | |
| Restricted Share Units | (4) | (4) | Common Stock | 13,986 | (4) | D | |
| Restricted Share Units | (5) | (5) | Common Stock | 7,593 | (5) | D | |
| Explanation of Responses: |
| 1. This reporting person was awarded restricted stock units, each representing a contingent right to receive one share of Resolute Forest Products Inc. common stock. The award cannot be settled in cash. The restricted stock units vest in four equal annual installments beginning on December 1, 2022. The number of securities represents the outstanding units. |
| 2. The options vested in four equal installments beginning on November 6, 2014. |
| 3. This reporting person was previously awarded restricted stock units ("RSU"), each representing the right to receive the economic equivalent of one share of Resolute Forest Products Inc. common stock in cash upon settlement. The RSUs vest, and settle in cash, in four equal annual installments beginning on December 1, 2019 (subject to earlier settlement in certain circumstances). The number of RSUs indicated represents the remaining unvested RSUs and includes 211 RSUs added in connection with the Company's payment of a special cash dividend on July 7, 2021 which remain unvested. |
| 4. This reporting person was previously awarded restricted stock units ("RSU"), each representing the right to receive the economic equivalent of one share of Resolute Forest Products Inc. common stock in cash upon settlement. The RSUs vest, and settle in cash, in four equal annual installments beginning on December 1, 2020 (subject to earlier settlement in certain circumstances). The number of RSUs indicated represents the remaining unvested RSUs and includes 1,096 RSUs added in connection with the Company's payment of a special cash dividend on July 7, 2021 which remain unvested. |
| 5. This reporting person was previously awarded restricted stock units ("RSU"), each representing the right to receive the economic equivalent of one share of Resolute Forest Products Inc. common stock in cash upon settlement. The RSUs vest, and settle in cash, in four equal annual installments beginning on December 1, 2021 (subject to earlier settlement in certain circumstances). The number of RSUs indicated represents the remaining unvested RSUs and includes 594 RSUs added in connection with the Company's payment of a special cash dividend on July 7, 2021 which remain unvested. |
| Remarks: |
| /s/ Isabelle Papillon, as attorney-in-fact | 01/07/2022 | |
| ** 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 5 (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. | ||
