SEC Form 4 · accession 0001428642-18-000006
LYDALL INC /DE/ · LDL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph A. Abbruzzi
Officer — Pres., Technical Nonwovens
Period of report
Mar 16, 2018
Accepted (ET)
Mar 19, 2018 · 4:22 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 16, 2018 | M | 1,038 | $16.98 | A | 42,275 | D | |
| Common StockF2 | Mar 16, 2018 | M | 2,625 | $27.96 | A | 44,900 | D | |
| Common StockF3 | Mar 16, 2018 | S | 3,663 | $48.07 | D | 41,237 | 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 BuyF1 | $16.98 | Mar 16, 2018 | M | 1,038 | A | Dec 6, 2013 | Dec 5, 2023 | Common Stock | 0 | 0 | D |
| Option to BuyF2 | $27.96 | Mar 16, 2018 | M | 2,625 | A | Dec 5, 2014 | Dec 4, 2024 | Common Stock | 0 | 0 | D |
Explanation of responses
- F1Reporting Person exercised 1,038 stock options that were granted on December 6, 2013 with a grant price of $16.98 per share.
- F2Reporting Person exercised 2,625 stock options that were granted on December 5, 2014 with a grant price of $27.96 per share.
- F3The price reported is the weighted average of all the shares sold on March 16, 2018. The shares were sold at an average price of $48.07, at varying prices in the range of $48.00 to $48.35. 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.