FORM 4
STATEMENT OF
CHANGES IN BENEFICIAL OWNERSHIP
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
(Last) Carlson
(First) Stuart
(Middle) R.
(Street) 1650 Church Road
(City) Mosinee
(State) Wisconsin
(Zip) 54455
2. Issuer Name and Ticker or Trading Symbol
(Issuer Name) Wausau-Mosinee Paper Corporation
(Ticker or Trading Symbol) WMO
3. I.R.S. or Social Security Number of Reporting Person (Voluntary)
(I.D. Number) 396-46-4705
4. Statement for Month/Day/Year
(Month/Day) December
(Year) 2002
5. If Amendment, Date of Original (Month/Day/Year)
(Month/Day)
(Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
X
(Director)
X (Officer, give title below)
Executive Vice President - Administration
(10% Owner)
(Other, specify below)
7. Individual or Joint/Group Filing (Check Applicable Line)
X
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
5. Amount of
4. Securities Securities
2A. Deemed Acquired (A) Beneficially
2. Trans- Execution 3.Trans- or Disposed Owned 6. Ownership 7. Nature of
action Date, if any action of (D) Following Form: Indirect
1.Title of Date(Month/ (Month/Day/ Code (A) or Reported Direct(D) or Beneficial
Security Day/Year) Year) Code V Amount (D) Price Transactions(s) Indirect(I) Ownership
No Par 1,006.3516 D
Value
Common
Stock
TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., puts, calls, warrants, options, convertible securities)
5. Number of
Derivative
2. Conversion 3A. Deemed Securities
1. Title or Exercise Execution 4.Trans- Acquired (A) 6. Date Exercisable and
of Price of 3. Transaction Date, if any action or Disposed of Expiration Date
Derivative Derivative Date (Month/ (Month/Day/ Code (D) (Month/Day/Year)
SECURITY SECURITY DAY/YEAR) YEAR) CODE V (A) (D) DATE EXERCISABLE EXPIRATION DATE
Common $ 8.75 4/19/96 10/19/15
Stock $ 9.7393 4/21/94 10/21/13
Option $11.3643 4/21/94 10/21/13
(Right $12.9857 4/21/94 10/21/13
to Buy) $15.88 7/23/99 1/23/19
$ 9.31 10/19/01 10/19/20
$10.71* * 12/13/21*
$11.39** 12/12/02 A V 18,000** ** 12/12/22**
TABLE II CONTINUED - Derivative Securities Acquired, Disposed of or
Beneficially Owned
(E.G., puts, calls, warrants, options, convertible securities)
7. Title and Amount of 10. Ownership
Underlying Securities 9. Number of Derivative Form of Derivative
Amount or 8. Price of Securities Beneficially Securities
Number of Derivative Owned Following Beneficially Owned 11. Nature of Indirect
TITLE SHARES SECURITY REPORTED TRANSACTION(S) AT END OF MONTH BENEFICIAL OWNERSHIP
No 14,668 D
Par
Value
Common Stock 28,000 D
Common Stock 15,400 D
Common Stock 15,400 D
Common Stock 15,400 D
Common Stock 29,600 D
Common Stock 25,000 D
Common Stock 18,000* D*
18,000** 18,000** D**
Explanation of Responses:
*Number of shares to which option is exercisable is subject to satisfaction
of certain performance criteria.
Options are exercisable on date on which audited financial results for
the fiscal year ending 12/31/02 are reported by the Company.
**Number of shares to which option is exercisable is subject to
satisfaction of certain performance criteria. Options are
exercisable on date on which audited financial results for the
fiscal year ending 12/31/03 are reported by the Company.
/S/ SHERRI L. CRAKER 01/03/03
Signature of Reporting Person Date
Attorney-In-Fact