SEC Form 4 · accession 0001428642-18-000004
LYDALL INC /DE/ · LDL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Randall B Gonzales
Officer — EXEC VP & CFO
Period of report
Mar 12, 2018
Accepted (ET)
Mar 14, 2018 · 1:17 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000060977
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 12, 2018 | A | 8,106 | $0.00 | A | 8,106 | D | |
| Common StockF2 | Mar 12, 2018 | A | 3,955 | $0.00 | A | 12,061 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to BuyF3 | $49.35 | Mar 12, 2018 | A | 11,180 | A | Mar 12, 2019 | Mar 12, 2028 | Common Stock | 11,180 | 11,180 | D |
Explanation of responses
- F1Restricted stock award granted under the Lydall, Inc. 2012 Stock Incentive Plan, consisting of 8,106 shares, which shall vest in three equal installments on the first, second and third anniversaries of the Grant Date.
- F2Represents an award of Performance Shares granted under the Lydall, Inc. 2012 Stock Incentive Plan, which award is subject to substantial risk of forfeiture and vests, if at all, to the extent determined upon certification by the Compensation Committee of the Board of Directors of the Company, that the Company has achieved certain specified financial performance criteria during the three-year-period, January 1, 2018 through December 31, 2020.
- F3Stock options granted under the Lydall, Inc. 2012 Stock Incentive Plan. Options become exercisable at the rate of 25% per year, beginning one year from initial grant date.