Brian M. Levitt - 30 Nov 2021 Form 4 Insider Report for Domtar CORP (UFS)

Role
Director
Signature
Josee Mireault, Attorney-in-fact for Mr. Levitt
Issuer symbol
UFS
Transactions as of
30 Nov 2021
Transactions value $
-$2,632,273
Form type
4
Filing time
02 Dec 2021, 12:52:36 UTC
Previous filing
26 Oct 2021
Next filing
19 May 2022
SEC
View on sec.gov

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
transaction UFS Deferred Share Units Disposed to Issuer -$141,980 -2,558 -100% $55.5 0 30 Nov 2021 Common Stock 2,558 Direct F1, F2, F3
transaction UFS Deferred Share Units Disposed to Issuer -$2,490,292 -44,870 -100% $55.5 0 30 Nov 2021 Common Stock 44,870 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Brian M. Levitt is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Each Deferred Share Unit ("DSU") is the economic equivalent of one share of Common Stock of Domtar Corporation.
F2 The DSUs credited to the Reporting Person's account represent "short-term" DSUs that were granted on December 31, 2020, March 31, 2021, June 30, 2021 and September 30, 2021 and were to be settled in cash or shares of Common Stock on the first anniversary of the grant date, but were canceled in exchange for a cash payment as described in footnote (3).
F3 Pursuant to the terms of 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 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. All terms capitalized but not defined shall have the respective meanings given to them in the Merger Agreement.
F4 The DSUs credited to the Reporting Person's account represent "long-term" DSUs that were to be settled in cash or shares of Common Stock when the Reporting Person ceased to be a director of Domtar Corporation, but were canceled in exchange for a cash payment as described in footnote (3).