Sec Form 4 Filing - Couture Marie France @ Domtar CORP - 2007-06-22

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Couture Marie France
2. Issuer Name and Ticker or Trading Symbol
Domtar CORP [ UFS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Vice President and Treasurer
(Last) (First) (Middle)
C/O DOMTAR CORPORATION, 395 DE MAISONNEUVE BOULEVARD WEST
3. Date of Earliest Transaction (MM/DD/YY)
06/22/2007
(Street)
MONTREAL, A8H3A 1L6
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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
Common Stock 06/22/2007 M 1,167 A $ 8.52 5,869 ( 1 ) D
Common Stock 06/22/2007 M 1,276 A $ 8.52 7,145 ( 1 ) D
Common Stock 06/22/2007 M 1,000 A $ 6.65 ( 2 ) 8,145 ( 1 ) 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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
Employee Stock Option (right to purcase) $ 6.65 ( 2 ) 06/22/2007 M 1,000 ( 3 ) 02/26/2012 Common Stock 1,000 $ 0 3,000 D
Employee Stock Option (right to purchase) $ 8.52 06/22/2007 M 1,167 ( 4 ) 02/03/2013 Common Stock 1,167 $ 0 3,502 D
Employee Stock Option (right to purchase) $ 8.52 06/22/2007 M 1,276 ( 5 ) 02/02/2014 Common Stock 1,276 $ 0 3,826 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Couture Marie France
C/O DOMTAR CORPORATION
395 DE MAISONNEUVE BOULEVARD WEST
MONTREAL, A8H3A 1L6
Vice President and Treasurer
Signatures
Razvan Theodoru, Attorney-in-Fact for Ms. Couture 06/26/2007
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Includes restricted stock.
( 2 )The exercise price of the option is CDN$6.23 and is payable in Canadian dollars. The price reflected has been converted to U.S. dollars using an exchange rate of 1.0676 per Canadian dollar, the noon exchange rate of the Federal Reserve Bank of New York on June 22, 2007.
( 3 )The options vest in approximately equal annual installments on the first four anniversaries of the grant date and become exercisable if performance conditions are satisfied. The options were granted on February 27, 2006. The performance conditions for the first year were satisfied, resulting in 25% of the options becoming exercisable.
( 4 )The options vest in approximately equal annual installments on the first four anniversaries of the grant date if performance conditions are satisfied, or such later anniversary date as the performance condition is satisfied. The options were granted on February 4, 2003. A portion of the performance conditions have been satisfied resulting in 25% of the options vesting.
( 5 )The options vest in approximately equal annual installments on the first four anniversaries of the grant date if performance conditions are satisfied, or such later anniversary date as the performance condition is satisfied. The options were granted on February 3, 2004. A portion of the performance conditions have been satisfied resulting in 25% of the options vesting.

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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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