SEC Form 4 · accession 0001657971-15-000003
LYDALL INC /DE/ · LDL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William D Gurley
Director
Period of report
Nov 23, 2015
Accepted (ET)
Nov 24, 2015 · 12:49 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 23, 2015 | M | 12,325 | $9.35 | A | 56,410 | D | |
| Common StockF2 | Nov 23, 2015 | S | 3,275 | $35.4438 | D | 53,135 | 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 Buy | $9.35 | Nov 23, 2015 | M | 9,000 | D | Apr 27, 2007 | Apr 26, 2016 | Common Stock | 9,000 | 0 | D |
| Stock Option Right to Buy | $9.35 | Nov 23, 2015 | M | 325 | D | Apr 27, 2007 | Apr 26, 2016 | Common Stock | 325 | 0 | D |
| Stock Option Right to Buy | $9.35 | Nov 23, 2015 | M | 3,000 | D | Apr 27, 2007 | Apr 26, 2016 | Common Stock | 3,000 | 0 | D |
Explanation of responses
- F1Represents the exercise of three 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 price reported is the weighted average of all the shares sold on November 23, 2015. The shares weres sold at varying prices in the range of $35.32 to $35.51. 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.