No, that's not right. It appears damaged. I got mine from the Pacific Northwest Theatrical Association. It came in a mailing tube. There were no cracks or creases, and no indentations. Not even any fingerprints.
I would think that if the material has not actually been penetrated, it should be OK. But given the smallish size of the filter material needed, I might just try to trim from around the imperfections, if possible. Just to be safe.