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 OF SECURITIES

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 *

GeorgeHGlatfelter II

96 South George Street
Suite 500

York, PA 17401
2. Issuer Name and Ticker or Trading Symbol

P. H. Glatfelter Company(GLT)
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director
10% Owner
X Officer (give title below)
Other (specify below)
Chairman
3. Date of Earliest Transaction
(Month/Day/Year)

05/25/2006
4. If Amendment, Date 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)
CodeVAmount(A)
or
(D)
Price
Common Stock05/25/200605/25/2006M 19,600A$12.9519,600D
Common Stock05/25/200605/25/2006M 19,600D$17.750D
Common Stock, Par Value $.01 20,218D
Common Stock, Par Value $.01 3,293I401K
Common Stock, Par Value $.01 240,000IHeld in trust
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1474 (9-02)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v)
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

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
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)
CodeV(A)(D)Date
Exercisable
Expiration
Date
TitleAmount
or
Number
of
Shares
Restricted$0.00 12/31/200512/31/2005Common Stock, Par Value $.0116,09016,090D
Restricted$0.00 01/01/200601/01/2006Common Stock, Par Value $.0111,35011,350D
Restricted$0.00 12/31/200912/31/2009Common Stock, Par Value $.0128,30028,300D
Restricted$0.00 04/07/200404/07/2014Common Stock40,00040,000D
Stock Options (Right to buy)$0.00 01/01/200201/01/2002Common Stock7,6607,660D
Stock Options (Right to buy)$0.00 01/01/200301/01/2003Common Stock16,52016,520D
Stock Options (Right to buy)$0.00 12/31/200412/31/2004Common Stock18,53018,530D
Stock Options (Right to buy)$0.00 08/01/200001/01/2007Common Stock7,4407,440D
Stock Options (Right to buy)$0.00 12/31/200301/01/2010Common Stock17,44017,440D
Stock Options (Right to buy)$0.00 01/01/200312/18/2011Common Stock, Par Value $.0179,00079,000D
Stock Options (Right to buy)$0.00 01/01/200412/16/2012Common Stock, Par Value $.0163,60063,600D
Stock Options (Right to buy)$13.2813 01/01/200112/14/2009Common Stock59,40059,400D
Stock Options (Right to buy)$17.8125 05/01/199605/01/2005Common Stock15,58015,580D
Stock Options (Right to buy)$17.875 01/01/199801/01/2007Common Stock12,93012,930D
Stock Options (Right to buy)$17.9688 05/01/199405/01/2003Common Stock25,00025,000D
Stock Options (Right to buy)$18.375 01/01/199901/01/2008Common Stock13,33013,330D
Stock Options (Right to buy)$0.0005/25/200605/25/2006M 19,60001/01/200512/18/2010Common Stock19,600$12.950D
SEC 1474 (9-02)
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

Explanation of Responses:

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

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient,
see Instruction 6 for procedure.
s/ Suzanne DeMars05/26/2006
**Signature of Reporting Person Date