Carlson Capital, L.P. - Jan 20, 2023 Form 4 Insider Report for Glatfelter Corp (GLT)

Role
10%+ Owner
Signature
Carlson Capital, L.P., By: /s/ Clint D. Carlson, Title: President
Stock symbol
GLT
Transactions as of
Jan 20, 2023
Transactions value $
$1,671,900
Form type
4
Date filed
3/31/2023, 04:16 PM
Previous filing
Oct 21, 2022
Next filing
Aug 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLT Common Stock, par value $0.01 per share (the "Common Stock") Exercise of in-the-money or at-the-money derivative security $125K +50K +0.93% $2.50 5.42M Jan 20, 2023 See footnotes F1, F2, F3
transaction GLT Common Stock Purchase $1.55M +500K +9.23% $3.09 5.92M Mar 29, 2023 See footnotes F1, F2, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GLT Stock Option (right to buy) Exercise of in-the-money or at-the-money derivative security $0 -50K -100% $0.00* 0 Jan 20, 2023 Common Stock 50K $2.50 See footnotes F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Common Stock to which this relates are held directly by Double Black Diamond Offshore Ltd., a Cayman Islands exempted company ("Double Offshore"), Black Diamond Arbitrage Offshore Ltd., a Cayman Islands exempted company ("Arbitrage") and EDCA 2019 Fund, L.P., a Delaware limited partnership ("EDCA," together with Double Offshore and Arbitrage, the "Funds"). Carlson Capital, L.P., a Delaware limited partnership ("Carlson Capital") serves as the investment manager to, and has the power to direct the affairs of, the Funds. Asgard Investment Corp. II, a Delaware corporation ("Asgard II") serves as the general partner of, and has the power to direct the affairs of, Carlson Capital. Mr. Clint D. Carlson, a U.S. citizen, serves as the president of, and has the power to direct the affairs of, Asgard II and Carlson Capital.
F2 (continued from footnote 1) Each of the reporting persons disclaims beneficial ownership of the securities to which this Form 4 relates for the purposes of Section 16 of the Securities and Exchange Act of 1934, as amended, except as to such extent of the reporting person's pecuniary interest in the securities.
F3 Transaction reflects direct exercise by Double Offshore. The stock options were exercisable at any time before and including the date of its expiration.
F4 Transaction reflects direct acquisition by Double Offshore of 162,255 shares, by Arbitrage of 253,655 shares and by EDCA of 84,090 shares.