This excerpt taken from the WPP 8-K filed Jan 8, 2007.
Equity-Based Incentive Compensation
On January 2, 2007, the Compensation Committee awarded restricted stock units and options under the Companys Equity Incentive Plan. An individual officers grant at each tier will vest upon the Companys achievement of targeted levels of return on capital employed for such tier and, with respect to the restricted stock units, the satisfaction of minimum service criteria. The maximum potential award for the CEO, CFO, and each of the named executive officers is the cumulative award payable under each of Tiers I, II, and III.
(1) Number of shares determined by closing price of Company stock ($14.99) on last business day preceding grant as markets were closed on date of grant.
(2) Exercise price of $14.99 per share (closing price of Company stock on last business day preceding grant as markets were closed on date of grant).
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
WAUSAU PAPER CORP.
Date: January 8, 2007
SCOTT P. DOESCHER
Scott P. Doescher
Senior Vice President-Finance