Domtar (UFS) executive Williams returned to the company 49,595 Employee Stock Options

Insider transactions reported

John David Williams (executive at Domtar Corporation, UFS) reported that they returned to the company 49,595 Employee Stock Options on Nov 30, 2021.

Reporting person

Williams John David

Options and other derivatives

Holdings before and after

• Employee Stock Options: 16,846 to 0 direct
• Restricted Stock Units: 32,184.5199 to 0 direct
• Performance Stock Units: 2,881.82 to 0 direct
• Deferred Share Units: 74,649.6784 to 0 direct

Footnotes from the filing

1. 1. The option, which provided for vesting in three equal annual installments on each anniversary of February 21, 2017, was canceled in the Merger in exchange for a cash payment of $15.69 per share subject to such option, representing the excess of the Merger Consideration over the exercise price of the option.
2. 2. Pursuant to 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 option that was outstanding and unexercised as of immediately prior to the Effective Time, whether or not vested or exercisable, was canceled 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 option multiplied by (ii) the excess, if any, of the Merger Consideration over the exercise price per share of such option, without any interest and subject to all applicable withholding. Each option for which, as of the Effective Time, the exercise price was greater than or equal to the Merger Consideration was cancelled without any consideration being payable in respect thereof.
3. 4. Each Stock Unit is the economic equivalent of one share of Common Stock of Domtar Corporation.
4. 5. Pursuant to the Merger Agreement, each Restricted Stock Unit ( RSU ) that was outstanding as of immediately prior to the Effective Time, whether vested or unvested, other than a RSU granted during the year of the closing of the Merger (a CIC Year RSU ), 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 RSU multiplied by (ii) the Merger Consideration, without any interest and subject to all applicable withholding.
5. 6. The RSU credited to the Reporting Person's account represents a CIC Year RSU. Each CIC Year RSU was canceled and converted into the right to receive a cash payment equal to the product of (i) (x) the total number of shares of Common Stock underlying each such CIC Year RSU multiplied by (y) the Merger Consideration, without any interest and subject to all applicable withholding, multiplied by (ii) a fraction, the numerator of which is the number of days elapsed from the first day of the calendar year in which the closing of the Merger occurs through the Closing Date, and the denominator of which is 365.
6. 7. Pursuant to the Merger Agreement, each Performance Stock Unit ( PSU ) that was outstanding as of immediately prior to the Effective Time, whether or not vested, other than a PSU granted during the year of the closing of the Merger (a CIC Year PSU ), immediately vested and 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 PSU multiplied by (ii) the Merger Consideration, without any interest and subject to all applicable withholding. The number of shares of Common Stock underlying the reported PSUs was determined based on the actual level of performance achieved for the applicable performance period for any portion of such PSU with respect to which the performance period was completed as of the closing of the Merger.
7. 8. The Deferred Share Units ( DSUs ) credited to the Reporting Person's account represent DSUs that were to be delivered in cash or shares in the January of the year following the year in which the Reporting Person terminates employment with Domtar, but were cancelled in exchange for a cash payment as described in footnote (9).
8. 9. Pursuant to 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.
9. 10. The DSUs credited to the Reporting Person's account represent DSUs that were to be delivered in cash or shares upon the Reporting Person's termination of employment with Domtar, but were cancelled in exchange for a cash payment as described in footnote (9).

Transaction codes in this filing

Sale back to the company:

Code D marks a disposition back to the company under an exempt plan, as opposed to a sale in the market.

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