Statement of Changes in Beneficial Ownership (4)

Date : 12/04/2019 @ 11:47PM
Source : Edgar (US Regulatory)
Stock : Resolute Forest Products Inc (RFP)
Quote : 2.64  -0.11 (-4.00%) @ 12:20AM
After Hours
Last Trade
Last $ 2.65 ▲ 0.01 (0.24%)

Statement of Changes in Beneficial Ownership (4)

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
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
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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
                      

1. Name and Address of Reporting Person *

Dorban Hugues
2. Issuer Name and Ticker or Trading Symbol

Resolute Forest Products Inc. [ RFP ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Chief Accounting Officer
(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)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/2/2019  M  3143.05 A (1)3143.05 D  
Common Stock 12/2/2019  D  3143.05 D$3.90 0 D  
Common Stock 12/2/2019  M  2512 A (2)2512 D  
Common Stock 12/2/2019  D  2512 D$3.90 0 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. 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 Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit  (1)12/2/2019  M     3143.05  12/2/2019  (1)Common Stock 3143.05  (1)6286.09 D  
Restricted Stock Unit  (2)12/2/2019  M     2512  12/2/2019  (2)Common Stock 2512  (2)7534 D  

Explanation of Responses:
(1) Resolute Forest Products Inc. (the "Company") awarded to the reporting person 10,692 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 1,410.14 RSUs were added in connection with the Company's payment of a special cash dividend on December 20, 2018. The reporting person settled 3,143.05 RSUs, which vested on December 2, 2019 for cash.
(2) Resolute Forest Products Inc. (the "Company") awarded to the reporting person 10,046 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, 2019 (subject to earlier settlement in certain circumstances). The reporting person settled 2,512 RSUs, which vested on December 2, 2019 for cash.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Dorban Hugues
111 ROBERT-BOURASSA BOULEVARD
SUITE 5000
MONTREAL, A8 H3C 2M1


Chief Accounting Officer

Signatures
/s/ Stephanie Leclaire, as attorney-in-fact12/4/2019
**Signature of Reporting PersonDate

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