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 * HOWATT THOMAS J   2. Issuer Name and Ticker or Trading Symbol WAUSAU PAPER CORP. [WPP] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chairman of the Board (Last) (First) (Middle) 100 PAPER PLACE 3. Date of Earliest Transaction (Month/Day/Year) 02/15/2012 (Street) MOSINEE, WI 54455 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 (City) (State) (Zip) 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 02/15/2012   J(1) V 602.4823 A $ 9.5396 262,183.6909 D   No Par Value Common Stock 02/29/2012   A   11,592 A $ 0 (7) 273,775.6909 D

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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)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Common Stock Equivalent Units

$ 0 (2)

02/15/2012

A

V

74.4659

08/08/1988(3)

08/08/1988(3)

Common Stock

74.4659

$ 0

23,407.041

D

Dividend Equivalents

$ 0 (4)

02/15/2012

A

V

22.2

08/08/1988(4)

08/08/1988(4)

Common Stock

22.2

$ 0

2,098.3

D

Restricted Stock Units

$ 0 (5)

02/15/2012

A

V

26.9665

08/08/1988(5)

08/08/1988(5)

Common Stock

26.9665

$ 0

8,476.4864

D

Performance Rights

$ 0 (2)

02/29/2012

A(6)

17,617.1614

02/29/2012

02/29/2012

Common Stock

17,617.1614

$ 0

17,617.1614

D

Performance Rights

$ 0 (7)

02/29/2012

D

17,617.1614

02/29/2012

02/29/2012

Common Stock

17,617.1614

$ 0

0

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
HOWATT THOMAS J 100 PAPER PLACE MOSINEE, WI 54455	X		Chairman of the Board

Signatures

Sherri L. Lemmer, Attorney-in-Fact		03/02/2012
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	Acquired under Dividend Reinvestment Plan.
(2)	Converts to common stock on a one-for-one basis.
(3)	Stock equivalent units accrued under the Deferred Compensation Plan for Directors; the value of the units is paid in cash at Director's termination of service.
(4)	Accruals on dividend record dates. Value of Dividend Equivalents paid in cash only at earlier of termination of employment or exercise of certain options.
(5)	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.
(6)	Performance conditions satisified on February 29, 2012. Includes accrued dividend equivalent shares to February 29, 2012.
(7)	Performance rights settled in common stock and cash upon satisfaction of performance conditions. The number of rights settled in common stock are reported in Table I.

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