Robert E. Apple - 30 Nov 2021 Form 4 Insider Report for Domtar CORP

Key filing fact

Robert E. Apple filed Form 4 for Domtar CORP on 02 Dec 2021.

Key facts

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Filed on Form 4

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UFS transaction Derivative

Disposed to Issuer

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Robert E. Apple is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Id	Content
F1	Each Deferred Share Unit ("DSU") is the economic equivalent of one share of Common Stock of Domtar Corporation.
F2	The DSUs credited to the Reporting Person's account represent "long-term" DSUs that were to be settled in cash or shares of Common Stock when the Reporting Person ceased to be a director of Domtar Corporation, but were canceled in exchange for a cash payment as described in footnote (3).
F3	Pursuant to the terms of that certain Agreement and Plan of Merger, dated as of May 10, 2021, by and among, Domtar Corporation, Karta Halten B.V., Pearl Merger Sub Inc., Paper Excellence B.V., and Hervey Investments B.V. (the "Merger Agreement"), each DSU that was outstanding as of immediately prior to the Effective Time, whether vested or unvested, was cancelled and converted into the right to receive a cash payment equal to the product of (i) the total number of shares of Common Stock underlying such DSU multiplied by (ii) the Merger Consideration, without any interest and subject to all applicable withholding. All terms capitalized but not defined shall have the respective meanings given to them in the Merger Agreement.