SVP of Domtar Corporation just cashed-in 5,970 options

Richard L Thomas, SVP of Domtar Corporation, recently cashed-in 5,970 options. The options were exercised at prices ranging between $66.81 and $80.52, while the sales took place at $90.90 per share, on December 17, 2013. Thomas continues to hold 2,468 shares of the company. Thomas operates out of Montreal, A8. Some additional info was provided as follows:

The price has been adjusted to reflect the reverse stock split for a ratio of 1-for-12 of the issuer's common shares, which became effective June 10, 2009. On February 20, 2008, a grant of performance conditioned stock options was awarded to members of the Management Committee. These stock options vested on June 6, 2011. Shares being sold represent exercised stock options which are an integral part of Domtar Corporation's long-term incentive compensation program. This transaction was executed in multiple trades at prices ranging from $90.87 to $90.96. The price reported above is the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.

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