SEC Form 4 · accession 0001472668-15-000013
LYDALL INC /DE/ · LDL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marc T Giles
Director
Period of report
Mar 4, 2015
Accepted (ET)
Mar 6, 2015 · 4:43 pm EST
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 4, 2015 | M | 3,882 | $11.39 | A | 23,790 | D | |
| Common StockF2 | Mar 4, 2015 | S | 3,882 | $30.87 | D | 19,908 | D | |
| Common StockF1 | Mar 6, 2015 | M | 6,000 | $11.39 | A | 25,908 | D | |
| Common StockF3 | Mar 6, 2015 | S | 6,000 | $30.03 | D | 19,908 | 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 BuyF4 | $11.39 | Mar 4, 2015 | M | 3,882 | D | Apr 25, 2009 | Apr 24, 2018 | Common Stock | 3,882 | 8,150 | D |
| Stock Option Right to BuyF4 | $11.39 | Mar 6, 2015 | M | 6,000 | D | Apr 25, 2009 | Apr 24, 2018 | Common Stock | 6,000 | 2,150 | D |
Explanation of responses
- F1Represents the exercise of non-qualified stock options granted on April 25, 2008 at an exercise price of $11.39 under the Issuer's Amended and Restated 2003 Stock Incentive Compensation Plan.
- F2The price reported is the weighted average of all the shares sold on March 4, 2015. The shares were sold at varying prices in the range of $30.50 to $31.42. 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.
- F3The price reported is the weighted average of all the shares sold on March 6, 2015. The shares were sold at varying prices in the range of $30.00 to $30.08. 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.
- F4Stock Option was granted under the Issuer's 2003 Stock Incentive Compensation Plan; Stock Option became exercisable 25% per year beginning one year from the initial grant date.