Ownership Submission
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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(Print or Type Responses)
1. Name and Address of Reporting Person *
Heinrichs Steven S
   2. Issuer Name and Ticker or Trading Symbol
Neenah Paper Inc [NP] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Sr VP, Gen Counsel & Secretary
(Last)
(First)
(Middle)
3460 PRESTON RIDGE ROAD, SUITE 600		 3. Date of Earliest Transaction (Month/Day/Year)
08/01/2014
(Street)

ALPHARETTA, GA 30005		 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

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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
Stock Appreciation Rights $ 19.25 08/01/2014   A   1,901     (2) 01/27/2021 Common Stock 1,901 (1) 1,901 D  
Stock Option (right to buy) $ 19.25 08/01/2014   D     1,901   (2) 01/27/2021 Common Stock 1,901 (1) 0 D  
Stock Appreciation Rights $ 24.09 08/01/2014   A   5,000     (4) 01/24/2022 Common Stock 5,000 (3) 5,000 D  
Stock Option (right to buy) $ 24.09 08/01/2014   D     5,000   (4) 01/24/2022 Common Stock 5,000 (3) 0 D  
Stock Appreciation Rights $ 31.23 08/01/2014   A   5,200     (6) 01/28/2023 Common Stock 5,200 (5) 5,200 D  
Stock Option (right to buy) $ 31.23 08/01/2014   D     5,200   (6) 01/28/2023 Common Stock 5,200 (5) 0 D  
Stock Appreciation Rights $ 42.82 08/01/2014   A   4,030     (8) 01/27/2024 Common Stock 4,030 (7) 4,030 D  
Stock Option (right to buy) $ 42.82 08/01/2014   D     4,030   (8) 01/27/2024 Common Stock 4,030 (7) 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Heinrichs Steven S
3460 PRESTON RIDGE ROAD
SUITE 600
ALPHARETTA, GA 30005		       Sr VP, Gen Counsel & Secretary  

Signatures

 /s/ Steven S. Heinrichs   08/05/2014
**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) On 8/1/2014, the Company cancelled, pursuant to Company's option exchange program authorized in the Neenah Paper, Inc. Omnibus Stock and Incentive Compensation Plan (the "Omnibus Plan"), options granted to the reporting person on 1/28/2011. In exchange for the cancelled options, the reporting person received an equal number of Stock Appreciation Rights.
(2) The cancelled options were fully vested. The Stock Appreciation Rights are fully vested.
(3) On 8/1/2014, the Company cancelled, pursuant to Company's option exchange program authorized in the Omnibus Plan, options granted to the reporting person on 1/25/2012. In exchange for the cancelled options, the reporting person received an equal number of Stock Appreciation Rights.
(4) The cancelled options provided for vesting in increments of one third on 1/25/2013, 1/25/2014, and 1/25/2015. The Stock Appreciation Rights vest on the same schedule.
(5) On 8/1/2014, the Company cancelled, pursuant to Company's option exchange program authorized in the Omnibus Plan, options granted to the reporting person on 1/29/2013. In exchange for the cancelled options, the reporting person received an equal number of Stock Appreciation Rights.
(6) The cancelled options provided for vesting in increments of one third on 1/29/2014, 1/29/2015, and 1/29/2016. The Stock Appreciation Rights vest on the same schedule.
(7) On 8/1/2014, the Company cancelled, pursuant to Company's option exchange program authorized in the Omnibus Plan, options granted to the reporting person on 1/28/2014. In exchange for the cancelled options, the reporting person received an equal number of Stock Appreciation Rights.
(8) The cancelled options provided for vesting in increments of one third on 1/28/2015, 1/28/2016, and 1/28/2017. The Stock Appreciation Rights vest on the same schedule.

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