SEC Form 4 · accession 0001472668-15-000015
LYDALL INC /DE/ · LDL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
S Carl Soderstrom Jr.
Director
Period of report
Mar 9, 2015
Accepted (ET)
Mar 10, 2015 · 3:16 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 9, 2015 | M | 3,325 | $10.54 | A | 26,922 | D | |
| Common StockF2 | Mar 9, 2015 | S | 3,325 | $30.65 | D | 23,597 | 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 BuyF3 | $10.54 | Mar 9, 2015 | M | 3,325 | D | Apr 21, 2006 | Apr 20, 2015 | Common Stock | 3,325 | 0 | D |
Explanation of responses
- F1Represents the exercise of stock options granted on April 21, 2005 at an exercise price of $10.54 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 9, 2015. The shares were sold at varying prices in the range of $30.65 to $30.68. 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.
- F3Stock options granted under the Amended and Restated 2003 Stock Incentive Compensation Plan. Options became exercisable at the rate of 25% per year, beginning one year from initial grant date.