Michael J. Urlick - Jan 1, 2022 Form 3 Insider Report for Clearwater Paper Corp (CLW)

Role
Sr. VP, GM, CPD
Signature
/s/ Michael S. Gadd, Attorney-in-Fact
Stock symbol
CLW
Transactions as of
Jan 1, 2022
Transactions value $
$0
Form type
3
Date filed
1/7/2022, 04:15 PM
Next filing
Mar 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CLW Common Stock 2.6K Jan 1, 2022 Direct
holding CLW Common Stock 569 Jan 1, 2022 Direct F1, F2
holding CLW Common Stock 1.59K Jan 1, 2022 Direct F1, F3
holding CLW Common Stock 2.19K Jan 1, 2022 Direct F1, F4
holding CLW Common Stock 843 Jan 1, 2022 Direct F1, F5

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
holding CLW Employee Right to Buy (Stock Option) Jan 1, 2022 Common Stock 660 $61.75 Direct
holding CLW Employee Right to Buy (Stock Option) Jan 1, 2022 Common Stock 1.31K $38.75 Direct
holding CLW Employee Right to Buy (Stock Option) Jan 1, 2022 Common Stock 846 $56.75 Direct
holding CLW Employee Right to Buy (Stock Option) Jan 1, 2022 Common Stock 1.36K $37.45 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents award of restricted stock units ("RSUs"). RSUs may be settled only for shares of common stock on a one-for-one basis.
F2 Represents award of RSUs that will vest March 7, 2022, assuming continued employment. During the vesting period, an amount equal to the dividends that would have been paid on the RSUs had they been in the form of common stock will be converted into additional RSUs.
F3 Represents award of RSUs that will vest on March 3, 2022, 2023 respectively, assuming continued employment. During the vesting period, an amount equal to the dividends that would have been paid on the RSUs had they been in the form of common stock will be converted into additional RSUs.
F4 Represents award of RSUs that will vest 33%, 33%, 34% on March 4, 2022, 2023 and 2024, respectively, assuming continued employment. During the vesting period, an amount equal to the dividends that would have been paid on the RSUs had they been in the form of common stock will be converted into additional RSUs.
F5 Represents award of RSUs that will vest 33%, 33%, 34% on July 15, 2022, 2023 and 2024, respectively, assuming continued employment. During the vesting period, an amount equal to the dividends that would have been paid on the RSUs had they been in the form of common stock will be converted into additional RSUs.