DAVID M. GANDOSSI - 16 Feb 2022 Form 4 Insider Report for MERCER INTERNATIONAL INC. (MERC)

Role: CEO and President, Director
Signature: /s/ David Gandossi
Issuer symbol: MERC
Transactions as of: 16 Feb 2022
Net transactions value: -$80,675
Form type: 4
Filing time: 17 Feb 2022, 18:41:57 UTC
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MERC	COMMON STOCK	Options Exercise	$0	+12,532	+6.5%	$0.000000	204,477	16 Feb 2022	Direct	F1
transaction	MERC	COMMON STOCK	Tax liability	$80,675	-6,266	-3.1%	$12.88	198,211	16 Feb 2022	Direct	F2

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	MERC	PERFORMANCE SHARE UNITS	Award	$0	+12,532		$0.000000	12,532	16 Feb 2022	COMMON STOCK	12,532	$0.000000	Direct	F3
transaction	MERC	PERFORMANCE SHARE UNITS	Options Exercise	$0	-12,532	-100%	$0.000000^*	0	16 Feb 2022	COMMON STOCK	12,532	$0.000000	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the conversion of vested performance share units ("PSUs").
F2	Represents the average of the intraday high and low trading price on February 16, 2022.
F3	Represents the vesting on February 16 2022 of PSUs awarded to the reporting person based on the achievement of certain specified performance criteria, including company performance and share price performance during the 2019 to 2021 performance period.