SEC Form 4 · accession 0001428642-18-000005
LYDALL INC /DE/ · LDL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kathleen Burdett
Director
Period of report
Mar 12, 2018
Accepted (ET)
Mar 14, 2018 · 2:20 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 | S | 4,352 | $49.84 | D | 27,412 | D | |
| Common StockF2 | Mar 12, 2018 | M | 3,252 | $11.39 | A | 30,664 | D | |
| Common StockF1 | Mar 12, 2018 | S | 748 | $49.84 | D | 29,916 | D | |
| Common StockF3 | Mar 13, 2018 | S | 2,504 | $49.73 | D | 27,412 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option Right to BuyF2 | $11.39 | Mar 12, 2018 | M | 3,252 | A | Apr 25, 2009 | Apr 25, 2018 | Common Stock | 3,252 | 0 | D |
Explanation of responses
- F1The price reported is the weighted average of all the shares sold on March 12, 2018. The shares were sold at varying prices in the range of $49.40 to $50.05. The Reporting Person undertakes, upon request by the Staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, to provide full information regarding the number of shares sold at each separate price.
- F2Represents the exercise of non-qualified stock options granted under the Issuer's Amended and Restated 2003 Stock Incentive Compensation Plan.
- F3The price reported is the weighted average of all the shares sold on March 13, 2018. The shares were sold at varying prices in the range of $49.65 to $49.78. The Reporting Person undertakes, upon request by the Staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, to provide full information regarding the number of shares sold at each separate price.