SEC Form 4 · accession 0001657971-15-000002
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
Nov 18, 2015
Accepted (ET)
Nov 19, 2015 · 1:10 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 | Nov 18, 2015 | M | 3,325 | $9.35 | A | 27,768 | D | |
| Common StockF4 | Nov 18, 2015 | M | 2,164 | $18.13 | A | 29,932 | D | |
| Common StockF2 | Nov 18, 2015 | S | 5,489 | $35.60 | D | 24,443 | 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 | $9.35 | Nov 18, 2015 | M | 3,325 | D | Apr 27, 2007 | Apr 26, 2016 | Common Stock | 3,325 | 0 | D |
| Stock Option Right to BuyF3 | $18.13 | Nov 18, 2015 | M | 2,164 | D | Apr 26, 2008 | Apr 25, 2017 | Common Stock | 2,164 | 0 | D |
Explanation of responses
- F1Represents the exercise of stock options granted on April 27, 2006 at an exercise price of $9.35 under the Issuer's Amended and Restated 2003 Stock Incentive Compensation Plan.
- F2The Reporting Person sold 5,489 shares of Lydall stock at $35.60 per share.
- 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.
- F4Represents the exercise of stock options granted on April 26, 2007 at an exercise price of $18.13 under the Issuer's Amended and Restated 2003 Stock Incentive Compensation Plan.