International Paper Co /New/ - Sep 15, 2021 Form 4 Insider Report for Sylvamo Corp (SLVM)

Role
10%+ Owner
Signature
/s/ Sharon R. Ryan, Senior Vice President and General Counsel
Stock symbol
SLVM
Transactions as of
Sep 15, 2021
Transactions value $
$0
Form type
4
Date filed
9/15/2021, 06:32 PM
Previous filing
Sep 3, 2021
Next filing
Oct 1, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLVM Common Stock, par value $1.00 per share Other $0 -80.1 -80.1% $0.00 19.9 Sep 15, 2021 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The record date for International Paper Company's ("IP") distribution of shares of common stock of Sylvamo Corporation ("Sylvamo") was 5:00 p.m. NYC time on September 15, 2021. IP will distribute approximately 80.1% of the shares of Sylvamo common stock it owns on a pro rata basis to IP shareholders as of the record date. IP currently owns 100 shares of Sylvamo common stock. The distribution date will be October 1, 2021.
F2 The actual number of shares of Sylvamo common stock to be distributed by IP will be based on the distribution ratio of one share of Sylvamo common stock for every 11 shares of IP common stock held by record holders on the record date.