SEC Form 4 · accession 0001472668-15-000017
LYDALL INC /DE/ · LDL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew Farrell
Director
Period of report
May 8, 2015
Accepted (ET)
May 12, 2015 · 12:05 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 | May 8, 2015 | M | 3,252 | $11.39 | A | 71,130 | D | |
| Common StockF2 | May 8, 2015 | M | 3,325 | $3.67 | A | 74,455 | D | |
| Common StockF3 | May 8, 2015 | M | 3,325 | $8.65 | A | 77,780 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF4 | $11.39 | May 8, 2015 | M | 3,252 | D | Apr 25, 2009 | Apr 24, 2018 | Common Stock | 3,252 | 0 | D |
| Stock OptionF4 | $3.67 | May 8, 2015 | M | 3,325 | D | Apr 24, 2010 | Apr 23, 2019 | Common Stock | 3,325 | 0 | D |
| Stock OptionF4 | $8.65 | May 8, 2015 | M | 3,325 | D | Apr 28, 2011 | Apr 27, 2020 | Common Stock | 3,325 | 0 | D |
Explanation of responses
- F1Reporting Person exercised stock options totalling 3,252 shares granted on April 25, 2008 with a grant price of $11.39 per share.
- F2Reporting Person exercised stock options totalling 3,325 shares granted on April 24, 2009 with a grant price of $3.67 per share.
- F3Reporting Person exercised stock options totalling 3,325 shares granted on April 28, 2010 with a grant price of $8.65 per share.
- F4Stock Option was granted under the Issuers 2003 Stock Incentive Compensation Plan; Derivative Securities became exercisable 25% per year beginning one year from the initial grant date.