Statement of Changes in Beneficial Ownership (4)
December 04 2019 - 6:37PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Ouellet Daniel |
2. Issuer Name and Ticker or Trading Symbol
Resolute Forest Products Inc.
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RFP
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) SVP Human Resources |
(Last)
(First)
(Middle)
111 ROBERT-BOURASSA BOULEVARD, SUITE 5000 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
12/2/2019 |
(Street)
MONTREAL, A8 H3C 2M1
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 12/2/2019 | | M | | 2525.73 | A | (1) | 72081.91 | D | |
Common Stock | 12/2/2019 | | D | | 2525.73 | D | $3.90 | 69556.18 | D | |
Common Stock | 12/2/2019 | | F | | 1083.09 (2) | D | $3.90 | 68473.09 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Restricted Stock Unit | (1) | 12/2/2019 | | M | | | 2525.73 | 12/2/2019 | (1) | Common Stock | 2525.73 | (1) | 5051.45 | D | |
Explanation of Responses: |
(1) | Resolute Forest Products Inc. (the "Company") awarded to the reporting person 8,592 restricted stock units, each an "RSU". Each RSU represents the right to receive the economic equivalent of one share of Company common stock in cash upon settlement. In general, the RSUs will vest and settle in cash in four equal annual installments beginning on December 1, 2018 (subject to earlier settlement in certain circumstances). An additional 1,133.18 RSUs were added in connection with the Company's payment of a special cash dividend on December 20, 2018. The reporting person settled 2,525.73 RSUs, which vested on December 2, 2019 for cash. |
(2) | Represents units withheld in respect of taxes on the settlement of restricted stock units. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Ouellet Daniel 111 ROBERT-BOURASSA BOULEVARD SUITE 5000 MONTREAL, A8 H3C 2M1 |
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| SVP Human Resources |
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Signatures
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/s/ Stephanie Leclaire, as attorney-in-fact | | 12/4/2019 |
**Signature of Reporting Person | Date |
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