SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* URMANSKI MATTHEW L (Last) (First) (Middle) 104 MILL ROCK ROAD (Street) NICHOLASVILLE KY 40356 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol WAUSAU PAPER CORP. [ WPP ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) President and COO
	3. Date of Earliest Transaction (Month/Day/Year) 02/19/2015
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
No Par Value Common Stock	02/19/2015		M		4,686	D	$0(1)	26,187.414	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Rights	$0(2)	02/17/2015		A(3)	V	16.135		01/02/2015(3)	01/02/2015(3)	Common Stock	16.135	$0	5,125.5273	D
Performance Rights	$0(2)	02/17/2015		A(4)	V	11.9521		01/03/2015(4)	01/03/2015(4)	Common Stock	11.9521	$0	3,796.7857	D
Performance Rights	$0(2)	02/17/2015		A(5)	V	47.0033		03/01/2015(5)	03/01/2015(5)	Common Stock	47.0033	$0	14,931.3897	D
Performance Rights	$0(2)	02/17/2015		A(6)	V	69.9115		01/02/2016(6)	01/02/2016(6)	Common Stock	69.9115	$0	22,208.5659	D
Performance Rights	$0(2)	02/17/2015		A(7)	V	51.0471		01/03/2017(7)	01/03/2017(7)	Common Stock	51.0471	$0	16,215.9643	D
Performance Rights	$0(8)	02/19/2015		M			8,922.313	(8)	(8)	Common Stock	8,922.313	$0	0	D

Explanation of Responses:

1. Settlement of performance rights fully vested and exercisable on January 2, 2015 and January 3, 2015.

2. Converts to common stock on a one-for-one basis.

3. On June 19, 2014, the performance rights vested in accordance with the change in control provisions included in the performance rights grant agreement. The rights are fully vested and are exercisable at the earlier of the Reporting Person's separation from the issuer or January 2, 2015.

4. On June 19, 2014, the performance rights vested in accordance with the change in control provisions included in the performance rights grant agreement. The rights are fully vested and are exercisable at the earlier of the Reporting Person's separation from the issuer or January 3, 2015.

5. On June 19, 2014, the performance rights vested in accordance with the change in control provisions included in the performance rights grant agreement. The rights are fully vested and are exercisable at the earlier of the Reporting Person's separation from the issuer or March 1, 2015.

6. On June 19, 2014, the performance rights vested in accordance with the change in control provisions included in the performance rights grant agreement. The rights are fully vested and are exercisable at the earlier of the Reporting Person's separation from the issuer or January 2, 2016.

7. On June 19, 2014, the performance rights vested in accordance with the change in control provisions included in the performance rights grant agreement. The rights are fully vested and are exercisable at the earlier of the Reporting Person's separation from the issuer or January 3, 2017.

8. Performance rights settled in common stock and cash on February 19, 2015 for those rights fully vested and exercisable on January 2, 2015 and January 3, 2015. Number of rights settled in common stock are reported in Table I.

Remarks:

	Robert J. Gitter, Attorney-in-Fact	02/23/2015
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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