Statement of Changes in Beneficial Ownership (4)
July 09 2021 - 6:01PM
Edgar (US Regulatory)
FORM 4
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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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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
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1. Name and Address of Reporting Person
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TREMBLAY Richard Joseph |
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, operations |
(Last)
(First)
(Middle)
111 ROBERT-BOURASSA BOULEVARD, SUITE 5000 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
7/7/2021 |
(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 | 7/7/2021 | | A | | 7959 (1) | A | (1) | 214459.19 | 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 |
Dividend Equivalent Units | (2) | 7/7/2021 | | A | | 1628 | | (2) | (2) | Common Stock | 1628 | (2) | 4490 | D | |
Explanation of Responses: |
(1) | Represents additional Deferred Stock Units (DSUs) resulting from the adjustment pursuant to the terms of the Resolute Forest Products Equity Incentive Plan and the 2019 Resolute Forest Products Equity Incentive Plan on July 7, 2021 of outstanding unvested DSUs in connection with the payment of the special cash dividend approved by the board of directors of Resolute Forest Products, Inc. (the "Company") on June 10, 2021. These additional DSUs are subject to the original vesting schedule in place with respect to the underlying DSUs. Vested DSUs will settle and become payable in cash after the earliest of (i) death or (ii) December 15 of the year following the year of the reporting person's termination of service (subject to earlier settlement in certain circumstances). |
(2) | The Dividend Equivalent Units (DEUs) accrued on outstanding unvested Restricted Share Units (RSUs) pursuant to the terms of the Resolute Forest Products Equity Incentive Plan and the 2019 Resolute Forest Products Equity Incentive Plan in connection with the payment on July 7, 2021 of the special dividend approved by the board of directors of Resolute Forest Products Inc. on June 10, 2021. These DEUs are subject to the original vesting schedule in place with respect to the underlying RSUs and will settle in cash. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
TREMBLAY Richard Joseph 111 ROBERT-BOURASSA BOULEVARD SUITE 5000 MONTREAL, A8 H3C 2M1 |
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| SVP, operations |
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Signatures
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/s/ Stephanie Leclaire, as attorney-in-fact | | 7/9/2021 |
**Signature of Reporting Person | Date |
Resolute Forest Products (NYSE:RFP)
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