-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, R9KGAcXzcSbUGbdtHH+U7Dmejwm6xMXySpv09HFhbwEawGcAgfHyKH1j5sjs74Zl LTxIsp4Lv1rSsPqLO51dxg== 0000893220-01-500683.txt : 20010914 0000893220-01-500683.hdr.sgml : 20010914 ACCESSION NUMBER: 0000893220-01-500683 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010913 GROUP MEMBERS: P.H. GLATFELTER FAMILY SHAREHOLDERS' VOTING TRUST SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GLATFELTER P H CO CENTRAL INDEX KEY: 0000041719 STANDARD INDUSTRIAL CLASSIFICATION: PAPER MILLS [2621] IRS NUMBER: 230628360 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-10202 FILM NUMBER: 1736118 BUSINESS ADDRESS: STREET 1: 228 S MAIN ST CITY: SPRING GROVE STATE: PA ZIP: 17362 BUSINESS PHONE: 7172254711 MAIL ADDRESS: STREET 2: 228 S MAIN ST CITY: SPRING GROVE STATE: PA ZIP: 17362 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GLATFELTER P H FAMILY SHAREHOLDERS VOTING TRUST CENTRAL INDEX KEY: 0001087360 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: HOWARE I VERBOFSKY PNC BANK NATIONAL ASS STREET 2: 1600 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 2155856814 MAIL ADDRESS: STREET 1: PNC BANK NATIONAL ASSOCIATION STREET 2: 1600 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 SC 13D/A 1 w53236sc13da.txt SCHEDULE 13D/A3 1 SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 -------------------- SCHEDULE 13D/A3 Under the Securities Exchange Act of 1934 P. H. Glatfelter Company -------------------- Name of Issuer Common Stock, par value $.01 per share -------------------------------------- (Title of Class of Securities) 377316 10 4 -------------------- CUSIP Number Howard I. Verbofsky, General Counsel, PNC Advisors PNC Bank, National Association 1600 Market Street, Philadelphia, PA 19103 215-585-6814 -------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) August 17, 2001 -------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), (f) or (g), check the following box [ ]. *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). 2 CUSIP No. 377316 10 4 Page 2 of 20 pages 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON P. H. Glatfelter Family Shareholders' Voting Trust established pursuant to agreement dated as of July 1, 1993 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ] (b)[x] 3. SEC USE ONLY 4. SOURCE OF FUNDS 00 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] 6. CITIZENSHIP OR PLACE OF ORGANIZATION Pennsylvania 7. SOLE VOTING POWER NUMBER OF 12,515,675 SHARES 8. SHARED VOTING POWER BENEFICIALLY OWNED BY 0 EACH 9. SOLE DISPOSITIVE POWER REPORTING PERSON 0 WITH 10. SHARED DISPOSITIVE POWER 0 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 12,515,675 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 29.4% 14. TYPE OF REPORTING PERSON 00 3 CUSIP No. 377316 10 4 Page 3 of 20 pages 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Voting Trustee of P. H. Glatfelter Family Shareholders' Voting Trust established pursuant to agreement dated as of July 1, 1993 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ] (b)[x] 3. SEC USE ONLY 4. SOURCE OF FUNDS 00 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] 6. CITIZENSHIP OR PLACE OF ORGANIZATION Pennsylvania 7. SOLE VOTING POWER NUMBER OF 12,515,675 SHARES 8. SHARED VOTING POWER BENEFICIALLY OWNED BY 0 EACH 9. SOLE DISPOSITIVE POWER REPORTING PERSON 0 WITH 10. SHARED DISPOSITIVE POWER 0 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 12,515,675 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 29.4% 14. TYPE OF REPORTING PERSON 00 4 CUSIP No. 377316 10 4 Page 4 of 20 pages This Amendment No. 3, dated September 13, 2001, amends the Schedule 13D dated July 1, 1993 and filed on July 2, 1993 (File No. 5-12158) by the P. H. Glatfelter Family Shareholders' Voting Trust established pursuant to an agreement dated as of July 1, 1993, and the trustees of the P. H. Glatfelter Family Shareholders' Voting Trust established pursuant to the agreement (the "Initial 13D"), as amended by Amendment No. 1, dated and filed June 8, 1999, and Amendment No. 2, dated and filed July 10, 2000. ITEM 1. SECURITY AND ISSUER This statement relates to the Common Stock, par value $.01 per share (the "Common Stock"), of P. H. Glatfelter Company, a Pennsylvania corporation (the "Company"), which has its principal executive offices at 96 South George Street, Suite 500, York, Pennsylvania 17401. ITEM 2. IDENTITY AND BACKGROUND This statement is being filed by the P. H. Glatfelter Family Shareholders' Voting Trust (the "Voting Trust"), which was established pursuant to an agreement dated as of July 1, 1993 (the "Trust Agreement"), and the body of trustees for the Voting Trust (the "Voting Trustee"). Pursuant to the Trust Agreement, a copy of which was filed as an exhibit to the Initial 13D, PNC Bank, National Association, as trustee or co-trustee of fiduciary trusts (the "Fiduciary Trusts"), together with any co-trustees thereof, has ceded to the Voting Trustee voting power over the shares of Common Stock held of record by the Fiduciary Trusts. There are currently 85 Fiduciary Trusts. The Fiduciary Trusts include many of the fiduciary trusts that have been established by and for the benefit of the lineal descendants by birth of Philip H. Glatfelter or spouses of such descendants (the "Family Members"). The Family Members who are settlors or beneficiaries of the Fiduciary Trusts are divided into five lineal groups (the "Groups") for the purpose of selecting those persons who constitute the Voting Trustee. (See Sections 1 and 6 of Trust Agreement.) The Voting Trustee has sole voting power over the shares of Common Stock and any other voting securities that may be held in the Voting Trust from time to time (the "Trust Shares"). (See Sections 2 and 10 of Trust Agreement.) The persons who presently constitute the Voting Trustee are: PNC Bank, National Association (the "Bank Constituent"), and the following five Family Members, each of whom represents a Group (each a "Group Constituent" and, together with the Bank Constituent, the "Constituents"). The names, residence or business addresses and principal occupations (including the addresses of any employers not otherwise provided) of the Group Constituents are set forth below:
Residence or Names Business Addresses Principal Occupations - ----- ------------------ --------------------- Katherine G. Costello 195 Saddle Hill Road Homemaker Spring Grove, PA 17362
5 CUSIP No. 377316 10 4 Page 5 of 20 pages
Residence or Names Business Addresses Principal Occupations - ----- ------------------ --------------------- William M. Eyster, II 2002 Rosewood Lane Retired York, PA 17403 Elizabeth Glatfelter 9161 Greentree Road Homemaker Philadelphia, PA 19118 Irene G. Fegley 73 Lake Road Homemaker Manhasset, NY 11030 Susan M. G. Wilson 6569 Kopp Road Homemaker Spring Grove, PA 17362
Katherine G. Costello was elected as a Group Constituent on April 5, 1996 and replaced William L. Glatfelter III, who resigned on March 20, 1996. William M. Eyster, II is one of the initial Group Constituents named in the Trust Agreement. Elizabeth Glatfelter was elected as a Group Constituent on January 19, 1999 and replaced Patricia G. Foulkrod, whose term expired on December 31, 1998. Irene G. Fegley was elected as a Group Constituent on January 30, 2001 and replaced H. Clinton Vaughan, whose term expired on December 31, 2000. Susan M. G. Wilson was elected as a Group Constituent on June 5, 2000 and replaced Philip H. Glatfelter IV, who resigned by letter dated May 10, 2000. The Bank Constituent is a national banking association, with community banking offices in Pennsylvania, Florida, New Jersey, Kentucky, Ohio and Indiana, which provides retail banking, corporate banking, investment management and trust, and investment banking services. The business address of the Bank Constituent is 1600 Market Street, Philadelphia, PA 19103, Attn: Howard I. Verbofsky, General Counsel, PNC Advisors. Each of the Group Constituents is a United States citizen. The Bank Constituent is a wholly-owned, second-tier subsidiary of The PNC Financial Services Group, Inc., a Pennsylvania corporation.(1) The names and positions of the executive officers of PNC Bank, National Association are set forth below:
Names Positions - ----- --------- James E. Rohr Chairman, President and Chief Executive Officer
- ------------------ (1) A first-tier subsidiary of The PNC Financial Services Group, Inc., PNC Bancorp, Inc., a Delaware corporation, is the direct parent corporation of PNC Bank, National Association. 6 CUSIP No. 377316 10 4 Page 6 of 20 pages
Names Positions - ----- --------- Walter E. Gregg, Jr. Vice Chairman Ralph S. Michael, III Group Executive, Executive Vice President, PNC Advisors, and PNC Capital Markets Joseph C. Guyaux Group Executive, Executive Vice President, Regional Community Banking Thomas K. Whitford Group Executive, Executive Vice President, PNC Strategic Planning Robert L. Haunschild Senior Vice President and Chief Financial Officer Thomas E. Paisley, III Senior Vice President, Corporate Credit Policy Helen P. Pudlin Senior Vice President and General Counsel Samuel R. Patterson Controller Timothy G. Shack Group Executive, Executive Vice President and Chief Information Officer
The principal occupation of each of the foregoing executive officers of PNC Bank, National Association is officer of PNC Bank, National Association or officer of The PNC Financial Services Group, Inc. The business address of each such executive officer is c/o The PNC Financial Services Group, Inc., One PNC Plaza, 249 Fifth Avenue, Pittsburgh, PA 15222-2707, and each such executive officer is a United States citizen. The names, business addresses and principal occupations of the directors of PNC Bank, National Association are set forth below:
Names Business Addresses Principal Occupations - ----- ------------------ --------------------- Paul W. Chellgren Ashland Inc. Chairman and Chief P.O. Box 391 Executive Officer Covington, KY 41012-0391
7 CUSIP No. 377316 10 4 Page 7 of 20 pages
Names Business Addresses Principal Occupations - ----- ------------------ --------------------- Robert N. Clay Clay Holding Company President and Chief Three Chimneys Farm Executive Officer P.O. Box 114 Midway, KY 40347 George A. Davidson, Jr. Dominion Resources, Inc. Retired Chairman Dominion Tower 625 Liberty Avenue, 22nd Floor Pittsburgh, PA 15222-3199 David F. Girard-diCarlo Blank Rome Comisky & McCauley LLP Co-Chairman and Managing One Logan Square Partner Philadelphia, PA 19103-6998 Walter E. Gregg, Jr. The PNC Financial Services Group, Inc. Vice Chairman One PNC Plaza, 30th Floor 249 Fifth Avenue Pittsburgh, PA 15222-2707 William R. Johnson H. J. Heinz Company Chairman, President and World Headquarters Chief Executive Officer P.O. Box 57 Pittsburgh, PA 15230-0057 Bruce C. Lindsay Brind-Lindsay & Co., Inc. Chairman and Managing 1926 Arch Street Director Philadelphia, PA 19103-1444 W. Craig McClelland Union Camp Corporation Retired Chairman and Chief 50 Tice Boulevard Executive Officer Woodcliff Lake, NJ 07675 Thomas H. O'Brien The PNC Financial Services Group, Inc. Retired Chairman One PNC Plaza, 2nd Floor 249 Fifth Avenue Pittsburgh, PA 15222-2707 Jane G. Pepper Pennsylvania Horticultural Society President 100 N. 20th Street - 5th Floor Philadelphia, PA 19103-1495
8 CUSIP No. 377316 10 4 Page 8 of 20 pages
Names Business Addresses Principal Occupations - ----- ------------------ --------------------- James E. Rohr The PNC Financial Services Group, Inc. Chairman, President and One PNC Plaza, 30th Floor Chief Executive Officer 249 Fifth Avenue Pittsburgh, PA 15222-2707 Lorene K. Steffes IBM Corporation Vice President Software Westinghouse Building Services and Software 11 Stanwix Street, 23rd Floor Group Pittsburgh Site Pittsburgh, PA 15222 Executive Dennis F. Strigl Verizon Wireless Services, LLC President and Chief 180 Washington Valley Road Executive Officer Bedminster, NJ 07921 Thomas J. Usher USX Corporation Chairman and Chief 61st Floor Executive Officer 600 Grant Street Pittsburgh, PA 15219-4776 Milton A. Washington AHRCO President and Chief 5604 Baum Boulevard Executive Officer Pittsburgh, PA 15206 Helge H. Wehmeier Bayer Corporation President and Chief 100 Bayer Road, Building 4 Executive Officer Pittsburgh, PA 15205-9741
Each of the foregoing directors is a United States citizen with the exception of Mr. Wehmeier. He is a citizen of Germany. Mr. Wehmeier serves as a director of PNC Bank, National Association pursuant to a waiver of the citizenship requirement granted by the Office of the Comptroller of the Currency. The PNC Financial Services Group, Inc. is the ultimate parent corporation of the Bank Constituent. The PNC Financial Services Group, Inc. is one of the largest diversified financial services organizations in the United States. Its major businesses include Regional Community Banking, Corporate Banking, Private Banking, Secured Lending, Asset Management and Mutual Fund Servicing. The principal business address of The PNC Financial Services Group, Inc. is One PNC Plaza, 249 Fifth Avenue, Pittsburgh, PA 15222-2707. 9 CUSIP No. 377316 10 4 Page 9 of 20 pages The names and positions with The PNC Financial Services Group, Inc. of the executive officers of The PNC Financial Services Group, Inc. are set forth below(2):
Names Positions - ----- --------- James E. Rohr Chairman, President and Chief Executive Officer Walter E. Gregg, Jr. Vice Chairman Ralph S. Michael, III Group Executive, Executive Vice President, PNC Advisors and PNC Capital Markets Joseph C. Guyaux Group Executive, Executive Vice President, Regional Community Banking Thomas K. Whitford Group Executive, Executive Vice President, Strategic Planning Robert L. Haunschild Senior Vice President and Chief Financial Officer Thomas E. Paisley, III Senior Vice President, Corporate Credit Policy Helen P. Pudlin Senior Vice President and General Counsel Samuel R. Patterson Controller Timothy G. Shack Group Executive, Executive Vice President and Chief Information Officer
The principal occupation of each of the foregoing executive officers of The PNC Financial Services Group, Inc. is officer of The PNC Financial Services Group, Inc. or officer of PNC Bank, National Association. The business address of each such executive officer is c/o The PNC Financial Services Group, Inc., One PNC Plaza, 249 Fifth Avenue, Pittsburgh, PA 15222-2707, and each such executive officer is a United States citizen. The names, business addresses and principal occupations of the directors of The PNC Financial Services Group, Inc. are set forth below(3): - ------------------ (2) Mr. Rohr is the President of PNC Bancorp, Inc. Mr. Rohr is an executive officer and director of each of The PNC Financial Services Group, Inc. and PNC Bank, National Association. The required information with respect to Mr. Rohr is provided elsewhere in this Item 2. Calvert A. Morgan, Jr. is the Chairman of PNC Bancorp, Inc. and Maria C. Schaffer serves as an Executive Vice President of PNC Bancorp, Inc. The required information with respect to Mr. Morgan and Ms. Schaffer is provided in footnote 3 to this Item 2. (3) The directors of PNC Bancorp, Inc. are Robert L. Haunschild, Calvert A. Morgan, Jr. and Maria C. Schaffer. Mr. Haunschild is an executive officer of The PNC Financial Services Group, Inc. and the required information with respect to him is provided elsewhere in this Item 2. The business address of each of Mr. Morgan and Ms. Schaffer is PNC Bank, Delaware, 222 Delaware Avenue, Wilmington, DE 19899. 10 CUSIP No. 377316 10 4 Page 10 of 20 pages
Names Business Addresses Principal Occupations - ----- ------------------ --------------------- Paul W. Chellgren Ashland Inc. Chairman and Chief P.O. Box 391 Executive Officer Covington, KY 41012-0391 Robert N. Clay Clay Holding Company President and Chief Three Chimneys Farm Executive Officer P.O. Box 114 Midway, KY 40347 George A. Davidson, Jr. Dominion Resources, Inc. Retired Chairman Dominion Tower, 22nd Floor 625 Liberty Avenue Pittsburgh, PA 15222-3199 David F. Girard-diCarlo Blank Rome Comisky & McCauley LLP Co-Chairman and Managing One Logan Square Partner Philadelphia, PA 19103-6998 Walter E. Gregg, Jr. The PNC Financial Services Group, Inc. Vice Chairman One PNC Plaza, 30th Floor 249 Fifth Avenue Pittsburgh, PA 15222-2707 William R. Johnson H. J. Heinz Company Chairman, President and World Headquarters Chief Executive Officer P.O. Box 57 Pittsburgh, PA 15230-0057 Bruce C. Lindsay Brind-Lindsay & Co., Inc. Chairman and Managing 1926 Arch Street Director Philadelphia, PA 19103-1444 W. Craig McClelland Union Camp Corporation Retired Chairman and 50 Tice Boulevard Chief Executive Officer Woodcliff Lake, NJ 07675
- ------------------ The principal occupation of Mr. Morgan is Chairman, President and Chief Executive Officer of PNC Bank, Delaware, and the principal occupation of Ms. Schaffer is Vice President, Controller, Treasurer and Assistant Secretary of PNC Bank, Delaware. Each of Mr. Morgan and Ms. Schaffer is a United States citizen. 11 CUSIP No. 377316 10 4 Page 11 of 20 pages
Names Business Addresses Principal Occupations - ----- ------------------ --------------------- Thomas H. O'Brien The PNC Financial Services Group, Inc. Retired Chairman One PNC Plaza 249 Fifth Avenue Pittsburgh, PA 15222-2707 Jane G. Pepper Pennsylvania Horticultural Society President 100 N. 20th Street - 5th Floor Philadelphia, PA 19103-1495 James E. Rohr The PNC Financial Services Group, Inc. Chairman, President and One PNC Plaza Chief Executive Officer 249 Fifth Avenue Pittsburgh, PA 15222-2707 Lorene K. Steffes IBM Corporation Vice President Software Westinghouse Building Services and Software 11 Stanwix Street, 23rd Floor Group Pittsburgh Site Pittsburgh, PA 15222 Executive Dennis F. Strigl Verizon Wireless Services, LLC President and Chief 180 Washington Valley Road Executive Officer Bedminster, NJ 07921 Thomas J. Usher USX Corporation Chairman and Chief 61st Floor Executive Officer 600 Grant Street Pittsburgh, PA 15219-4776 Milton A. Washington AHRCO President and Chief 5604 Baum Boulevard Executive Officer Pittsburgh, PA 15206 Helge H. Wehmeier Bayer Corporation President and Chief 100 Bayer Road, Building 4 Executive Officer Pittsburgh, PA 15205-9741
Each of the foregoing directors except Mr. Wehmeier is a United States citizen. Mr. Wehmeier is a citizen of Germany. During the last five years, none of the persons named in this Item 2 has been (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of 12 CUSIP No. 377316 10 4 Page 12 of 20 pages such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.(4) ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION The Trust Shares were deposited in the Voting Trust under the terms and conditions set forth in the Trust Agreement, and no consideration was paid therefor. An aggregate of 701,950 Trust Shares has been pledged to PNC Bank, National Association by three revocable Fiduciary Trusts as collateral for loans to the settlors of such Fiduciary Trusts in the aggregate principal amount of $3,796,016.85 as of August 17, 2001 . Pursuant to the Trust Agreement, PNC Bank, National Association will retain a security interest in the interests of such Fiduciary Trusts in the Voting Trust. (See Item 6 below and Sections 3 and 13 of Trust Agreement.) ITEM 4. PURPOSE OF TRANSACTION PNC Bank, National Association has longstanding relationships with the Company, the Family Members and the Fiduciary Trusts, through one or more of its roles as a lender, financial advisor, trustee, executor, agent and custodian. PNC Bank, National Association determined to effect and administer the Voting Trust in an effort to promote the education of the Family Members regarding the Company's business, especially among the younger generations of Family Members. PNC Bank, National Association believes that the Voting Trust will provide Company management with a means of communicating, through the Constituents, with a wide range of Family Members, which should encourage Company management to pursue the Company's long-term strategic plans that are supported by the Voting Trust, for the benefit of all shareholders of the Company. The Fiduciary Trusts were selected by PNC Bank, National Association as the participants in the Voting Trust because the Family Members who are the settlors, co-trustees and beneficiaries of the Fiduciary Trusts have generally had an interest in and involvement with the Company and PNC Bank, National Association over many years. The Trust Agreement permits certain other shareholders of the Company to become participants in the Voting Trust, subject to the approval of the Voting Trustee. (See Section 9 of Trust Agreement.) Generally, the shareholders eligible to participate in the Voting Trust would be any Family Members or fiduciary trusts, in addition to the Fiduciary Trusts, that have been, or may be, established for the benefit of any Family Members (the "Other Family Trusts"). PNC Bank, National Association is the sole trustee of nine Other Family Trusts. While PNC Bank, National Association has no present plans to effect the participation of any Other Family Trusts in the Voting Trust, PNC Bank, National Association may in the future do so. - ------------------ (4) This statement applies as well to PNC Bancorp, Inc. and its executive officers and directors. See notes 1, 2 and 3 above. 13 CUSIP No. 377316 10 4 Page 13 of 20 pages None of the persons named in Item 2 above has any present plans which relate to or would result in: (i) the acquisition by any person of additional securities of the Company, or the disposition of securities of the Company, except in amounts which are not material; (ii) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Company or any of its subsidiaries; (iii) a sale or transfer of a material amount of assets of the Company or any of its subsidiaries; (iv) any change in the present board of directors or management of the Company, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; (v) any material change in the present capitalization or dividend policy of the Company; (vi) any other material change in the Company's business or corporate structure; (vii) changes in the Company's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the issuer by any person; (viii) causing a class of securities of the Company to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (ix) a class of equity securities of the Company becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934, as amended; or (x) any action similar to any of those enumerated in (i)-(ix) above. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER The Voting Trustee has sole voting power as to the 12,515,675 Trust Shares, which represent approximately 29.4% of the outstanding shares of Common Stock.(5) The Voting Trustee does not have any dispositive power as to the Trust Shares. The Trust Shares may be voted only by the Voting Trustee in accordance with the affirmative vote of a majority of the votes cast by the Constituents pursuant to a weighted formula in which (i) each Group Constituent is entitled to cast such number of votes as is equal to the number of Trust Shares in which any Family Member of his or her Group has an interest as a settlor of a revocable Fiduciary Trust, or as a current income beneficiary (or, if there is none, as a current distribution beneficiary) of an irrevocable Fiduciary Trust and (ii) the Bank Constituent is entitled to cast such number of votes as is equal to the number of Trust Shares in which any irrevocable Fiduciary Trust has an interest. (See Sections 5 and 11(f) of Trust Agreement.) None of the Constituents, as such, has any dispositive power as to the Trust Shares. Except as otherwise provided in this paragraph, none of the Constituents, as such, has any voting power as to the Trust Shares. PNC Bank, National Association has certain powers that may be construed as shared voting power as to the Trust Shares. As a result of its status as the Bank Constituent, PNC Bank, National Association has the power to cast a considerable number of votes in any determination by the Voting Trustee. (See Sections 5 and 11(f) of Trust Agreement.) While its votes as Bank Constituent alone may not be determinative of Voting Trustee action, PNC Bank, National Association, as the initial Trust Agent of the Voting Trust (the "Trust Agent"), may for a time also occupy the position of any Group Constituent, should a - ------------------ (5) The percentage of outstanding shares of Common Stock is based on the shares held by the Voting Trustee on August 17, 2001 and the total number of outstanding shares on July 31, 2001 as reported in the P. H. Glatfelter Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2001. 14 CUSIP No. 377316 10 4 Page 14 of 20 pages vacancy occur in that position, until a successor Group Constituent is appointed for the respective Group. (See Section 7 of Trust Agreement.) In such event, PNC Bank, National Association, as the Trust Agent, would cast the votes of that Group Constituent, as well as its own votes as the Bank Constituent, in determining Voting Trustee action, and might well then be in a position to determine such action for a time. PNC Bank, National Association and The PNC Financial Services Group, Inc. report such shared voting power over the Trust Shares on a separate Form 13D filed with the Securities and Exchange Commission. The Trust Agent also has broad administrative powers. (See Sections 5 and 8-14 of Trust Agreement.) In addition, the Trust Agent has discretionary authority over the timing of certain withdrawals of Trust Shares. (See Section 8(a) of Trust Agreement and Item 6 of the Initial Schedule 13D.) Other than as disclosed in this statement, no person named in Item 2 above has any beneficial ownership over shares of the Common Stock. In accordance with Rule 13d-3, shares of the Common Stock may be beneficially owned by more than one person. This is true also of the Trust Shares. Pursuant to the Trust Agreement, the Fiduciary Trusts may withdraw the Trust Shares they deposited in the Voting Trust at any time if certain conditions are met. (See Section 8 of Trust Agreement and Item 6 of the Initial Schedule 13D.) Thus, each Fiduciary Trust, and its trustee or co-trustees, may be deemed to retain voting and dispositive power over the Trust Shares deposited by it. In addition, certain Trust Shares are subject to various rights to acquire as set forth in various Fiduciary Trust documents and other documents ancillary thereto. Thus, the persons who possess such rights may also be deemed to have voting and dispositive power over the Trust Shares subject to such rights. Notwithstanding the beneficial ownership of the Trust Shares by several persons, the total number of Trust Shares is 12,515,675. Katherine G. Costello has beneficial ownership of 801,895 Trust Shares held by one Fiduciary Trust (the "Costello Fiduciary Trust"). She has the right to revoke the Costello Fiduciary Trust and to withdraw such Trust Shares, at which point she would have sole voting and dispositive power as to such Trust Shares. PNC Bank, National Association, as sole trustee of the Costello Fiduciary Trust, currently has sole voting and dispositive power as to such Trust Shares. Ms. Costello may be deemed to have shared voting and dispositive power, as co-trustee with PNC Bank, National Association, as to 16,500 Trust Shares held by four Fiduciary Trusts. William M. Eyster, II has beneficial ownership of 16,933 Trust Shares held by one Fiduciary Trust. He has the right to revoke such Fiduciary Trust and to withdraw such Trust Shares, at which point he would have sole voting and dispositive power as to such Trust Shares. PNC Bank, National Association, as sole trustee of such Fiduciary Trust, currently has sole voting and dispositive power as to such Trust Shares. Mr. Eyster may be deemed to have shared voting and dispositive power, as co-trustee with PNC Bank, National Association, as to 28,000 Trust Shares held by one Fiduciary Trust. In addition to such Trust Shares, Mr. Eyster has sole voting and dispositive power as to 5,000 other shares of Common Stock. Elizabeth Glatfelter has beneficial ownership of 897,367 Trust Shares held by one Fiduciary Trust (the "Glatfelter Fiduciary Trust"). She has the right to revoke the Glatfelter Fiduciary Trust and to withdraw such Trust Shares, at which point she would have sole voting and dispositive power as to such Trust Shares. PNC Bank, National Association, as sole trustee 15 CUSIP No. 377316 10 4 Page 15 of 20 pages of the Glatfelter Fiduciary Trust, currently has sole voting and dispositive power as to such Trust Shares. Ms. Glatfelter may be deemed to have shared voting and dispositive power, as co-trustee with PNC Bank, National Association, as to 76,548 Trust Shares held by two Fiduciary Trusts. Ms. Glatfelter may also have been deemed to have had shared voting and dispositive power, as co-trustee with PNC Bank, National Association, as to 970,327 Trust Shares held in a third Fiduciary Trust established by her mother Anne M. Glatfelter (the "Anne Glatfelter Fiduciary Trust"), who died on January 30, 2001. As a result of Anne Glatfelter's death, the Trust Shares held in the Anne Glatfelter Fiduciary Trust pass without consideration to a separate trust. Neither PNC Bank, National Association nor any Family Member is a trustee of such separate trust. In conjunction with the transfer of the Trust Shares to such separate trust, the Trust Shares were withdrawn from the Voting Trust on August 17, 2001. Susan M. G. Wilson has beneficial ownership of 216 Trust Shares held by one Fiduciary Trust. She has the right to revoke such Fiduciary Trust and to withdraw such Trust Shares, at which point she would have sole voting and dispositive power as to such Trust Shares. PNC Bank, National Association, as co-trustee of such Fiduciary Trust, may be deemed to have shared voting and dispositive power as to such Trust Shares. Ms. Wilson may be deemed to have shared voting and dispositive power, as co-trustee with PNC Bank, National Association, as to 11,360 Trust Shares held by two other Fiduciary Trusts. Irene G. Fegley has beneficial ownership of 364,408 shares held by one Fiduciary Trust. She has the right to revoke such Fiduciary Trust and to withdraw such Trust Shares, at which point she would have sole voting and dispositive power as to such Trust Shares. PNC Bank, National Association, as co-trustee of such Fiduciary Trust, may be deemed to have shared voting and dispositive power as to such Trust Shares. PNC Bank, National Association, as sole trustee of 47 Fiduciary Trusts, has sole voting and dispositive power as to 10,141,969 Trust Shares, and as co-trustee of 38 Fiduciary Trusts may be deemed to have shared voting power as to 2,373,706 Trust Shares and shared dispositive power as to 2,913,994 Trust Shares. The PNC Financial Services Group, Inc., as the parent of PNC Bank, National Association, may be deemed to have the same beneficial ownership as to the Trust Shares as PNC Bank, National Association.(6) Certain Trust Shares as to which PNC Bank, National Association has beneficial ownership may also be beneficially owned by the persons serving as the Group Constituents as set forth in this Item 5. In addition, the Trust Shares may also be beneficially owned by certain Family Members who are not Group Constituents: 16 such Family Members are co-trustees, along with PNC Bank, National Association, of one or more of the Fiduciary Trusts and may be deemed to have beneficial ownership as to the Trust Shares held by such Fiduciary Trusts; 17 such Family Members have a right to withdraw an aggregate of 2,866,025 Trust Shares held in 21 Fiduciary Trusts;(7) one such Family Member has a right to purchase 487,632 Trust Shares held in two Fiduciary Trusts of which PNC Bank, National Association is sole trustee, and an annual, non-cumulative right of - ------------------ (6) The same is true of PNC Bancorp, Inc. See notes 1, 2, 3 and 4 above. (7) Each of three such Family Members has a right to withdraw 8,872 Trust Shares from a Fiduciary Trust upon 90 days' notice. In respect of all other Trust Shares, the withdrawal right may be exercised at any time. 16 CUSIP No. 377316 10 4 Page 16 of 20 pages withdrawal equal to the greater of 5% or $5,000, which relates to 88,316 Trust Shares held by four Fiduciary Trusts;(8) one such Family Member has an annual, non-cumulative right of withdrawal equal to the greater of 5% or $5,000, which relates to 88,312 Trust Shares held by two Fiduciary Trusts; and ten such Family Members, each a beneficiary of a separate Fiduciary Trust, have a 60-day non-cumulative right of withdrawal after a gift has been made to the respective Fiduciary Trust in respect to an amount equal to the annual gift tax exclusion, which rights, collectively, relate to 82,872 Trust Shares. PNC Bank, National Association has sole voting and dispositive power as to an aggregate of 2,306,178 shares of Common Stock which are held of record by the Other Family Trusts. In addition to the beneficial ownership of the Trust Shares and the Common Stock held of record by the Other Family Trusts, as described above, The PNC Financial Services Group, Inc. has sole voting and dispositive power as to 164,413 shares of Common Stock, sole voting and no dispositive power as to 304,667 shares of Common Stock and may be deemed to have shared voting and dispositive power as to 17,618 shares of Common Stock (collectively, the "Non-Family Shares"). All of the Non-Family Shares are held of record by PNC Bank, National Association in the ordinary course of business, as sole trustee, co-trustee or executor of fiduciary accounts other than the Fiduciary Trusts and the Other Family Trusts, as sole trustee or co-trustee of charitable trusts, or as custodian or agent. The PNC Financial Services Group, Inc. and PNC Bank, National Association, as trustee, executor, custodian and agent, report their respective beneficial ownership of the Trust Shares, the shares of Common Stock held of record by the Other Family Trusts, and the Non-Family Shares on a Schedule 13G filed with the Securities and Exchange Commission.(9) Each of the Fiduciary Trusts has the right to receive cash dividends and distributions of property except voting securities in respect of the Trust Shares formerly held of record by it, and the Voting Trustee will instruct the Company to pay such dividends and distributions directly to the respective Fiduciary Trusts. (See Sections 2 and 10 of Trust Agreement.) Except as set forth in this Item 5, none of the persons named in Item 2 has had any transactions in shares of the Common Stock in the last 60 days. - ------------------ (8) This Family Member also has a right to purchase 2,306,178 shares of Common Stock that are held of record by nine Other Family Trusts. (9) PNC Bank, National Association, as trustee or co-trustee of the Fiduciary Trusts, and The PNC Financial Services Group, Inc. include their beneficial ownership as to the Trust Shares on their Schedule 13G because the Trust Shares may be withdrawn from the Voting Trust by the Fiduciary Trusts, generally within 60 days. (See Item 6 of the Initial Schedule 13D.) Such right of withdrawal may be deemed to continue the beneficial ownership of the Trust Shares by PNC Bank, National Association, as trustee or co-trustee of the Fiduciary Trusts, that existed prior to the establishment of the Voting Trust. 17 CUSIP No. 377316 10 4 Page 17 of 20 pages ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER In addition to the matters described in Item 5, the following additional information is provided regarding contracts, arrangements, understandings and relationships with respect to shares of Common Stock. Under the Trust Agreement, the Trust Shares will be voted by the Voting Trustee in accordance with the Trust Agreement. (See Items 2 and 5 above and Sections 5 and 11 of Trust Agreement.) The Voting Trust will continue until it is terminated by action of the Voting Trustee or the withdrawal of all the Trust Shares in accordance with the Trust Agreement. (See Section 4 of Trust Agreement.) A Fiduciary Trust generally may withdraw the Trust Shares deposited by it, and may deposit additional shares of Common Stock into the Voting Trust. (See Sections 8 and 9 of Trust Agreement.) Prior to the withdrawal of any Trust Shares for sale, such Trust Shares must first be offered to the Company pursuant to any stock repurchase plan of the Company then in effect. (See Section 8(a)(i) of Trust Agreement.) No Trust Shares may be withdrawn from the Voting Trust, and no shares of Common Stock may be added to the Voting Trust, if such withdrawal or addition would trigger any rights under provisions then applicable to the Company of 15 Pa.C.S. Subch. 25E-J or any successor or similar provisions of the Pennsylvania Business Corporation Law (the "BCL"). (See Sections 8(d), 9(d) and 10(g) of Trust Agreement.) Subject to the foregoing right of first refusal in favor of any Company stock repurchase plan and the limitations on withdrawals that may result if rights would be triggered under Subch. 25E-J of the BCL, the Trust Shares may be withdrawn for sale or other transfer subject to certain notice requirements, and may be withdrawn without delay at any time subject to the approval of the Trust Agent. (See Item 5 above and Section 8(a) of Trust Agreement.) The Group Constituents serve staggered three-year terms. (See Section 6 of Trust Agreement.) A Group Constituent may resign at any time, and any vacancy created by such resignation or the death or disability of a Group Constituent will be filled by vote of certain Family Members of that Group. (See Sections 6 and 7 of Trust Agreement.) As discussed in Item 5 above, the Trust Agent may for a time occupy such a vacancy. (See Section 7 of Trust Agreement.) None of the Constituents or the Trust Agent will receive any compensation or commissions for acting as such but will be reimbursed for any reasonable out-of-pocket expenses that may be incurred in such capacities, and will be indemnified against any liabilities that may be incurred as a result of carrying on the business of the Voting Trust except where the conduct of the Constituent or Trust Agent constitutes self-dealing, willful misconduct, gross recklessness or bad faith. (See Sections 15 and 16 of Trust Agreement.) An aggregate of 701,950 Trust Shares has been pledged to PNC Bank, National Association as collateral for loans made to the settlors of three revocable Fiduciary Trusts. (See Item 3 above.) If such loans were in default and PNC Bank, National Association, as lender, exercised its rights under the respective standard default provisions of the loan documents, PNC Bank, National Association could cause such Trust Shares to be withdrawn from the Voting Trust and obtain sole voting and dispositive power as to such Trust Shares. (See Sections 3 and 13 of Trust Agreement.) 18 CUSIP No. 377316 10 4 Page 18 of 20 pages Except as disclosed in this statement, there are no contracts, arrangements, understandings or relationships (legal or otherwise) among the persons named in Item 2 or between such persons and any other person with respect to any securities of the Company. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS The following document was filed as an exhibit to the Initial Schedule 13D filed by the Voting Trust and the Voting Trustee on July 2, 1993 (File No. 5-12158) and is hereby incorporated by reference: P. H. Glatfelter Family Shareholders Voting Trust dated as of July 1, 1993. 19 CUSIP No. 377316 10 4 Page 19 of 20 pages SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. P. H. GLATFELTER FAMILY SHAREHOLDERS' VOTING TRUST established pursuant to agreement dated as of July 1, 1993 BY: PNC BANK, NATIONAL ASSOCIATION, AS TRUST AGENT September 13, 2001 By: /s/ Jonathan D. Scott Date Name: Jonathan D. Scott Title: Vice President 20 CUSIP No. 377316 10 4 Page 20 of 20 pages SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. VOTING TRUSTEE OF P. H. GLATFELTER FAMILY SHAREHOLDERS' VOTING TRUST established pursuant to agreement dated as of July 1, 1993 BY: PNC BANK, NATIONAL ASSOCIATION, AS TRUST AGENT September 13, 2001 By: /s/ Jonathan D. Scott Date Name: Jonathan D. Scott Title: Vice President -----END PRIVACY-ENHANCED MESSAGE-----