X0202 4 2007-11-15 0000105076 WAUSAU PAPER CORP. WPP 0001023897 ORR SAN W JR 500 THIRD STREET, SUITE 602 WAUSAU WI 54403 1 1 0 0 Chairman of the Board Restricted Stock Units 0 2007-11-15 5 A 0 21.4882 0 A 1988-08-08 1988-08-08 Common Stock 21.4882 2395.301 D Common Stock Equivalent Units 0 2007-11-15 5 A 0 300.7487 0 A 1988-08-08 1988-08-08 Common Stock 300.7487 33524.6562 D Each unit represents right to receive one share of issuer's common stock upon termination of service as a director, unless deferred at election of reporting person. Converts to common stock on a one-for-one basis. Stock equivalent units accrued under the Wausau Paper Deferred Compensation Plan for Directors; the value of the units is paid in cash at Director's termination of service. Sherri L. Lemmer, Attorney-in-Fact 2007-12-04