International Paper Co /New/ - Sep 29, 2021 Form 4/A - Amendment Insider Report for Sylvamo Corp (SLVM)

Role
Director, 10%+ Owner
Signature
/s/ Sharon R. Ryan, Senior Vice President and General Counsel
Stock symbol
SLVM
Transactions as of
Sep 29, 2021
Transactions value $
$0
Form type
4/A - Amendment
Date filed
10/1/2021, 08:05 AM
Date Of Original Report
Sep 15, 2021
Previous filing
Sep 15, 2021
Next filing
Feb 11, 2022

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 Award +44.1M +44107155% 44.1M Sep 29, 2021 Direct F1, F2
transaction SLVM Common Stock, par value $1.00 per share Other $0 -35.3M -80.1% $0.00 8.78M Oct 1, 2021 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 29, 2021, the Company issued 44,107,155 shares of its common stock, par value $1.00 per share, to International Paper in partial consideration for the contribution of International Paper's printing papers business. Prior to this transaction, International Paper owned 100 shares of Sylvamo Corporation common stock. Both prior to and subsequent to the reported transaction, International Paper owned 100% of the outstanding Sylvamo Corporation common stock.
F2 Director by deputization.
F3 The record date for the distribution of Sylvamo Corporation common stock by International Paper to its common shareholders was 5:00 p.m., New York City time, September 15, 2021. International Paper distributed 35,329,912 of the 44,107,255 outstanding shares, or 80.1%, of Sylvamo Corporation common stock at 12:01 a.m., New York City time, on October 1, 2021. International Paper continues to directly beneficially owns 8,777,343 shares, or 19.9%, of Sylvamo Corporation common stock that it did not distribute.