SEC Form 4 · accession 0001657971-15-000013
LYDALL INC /DE/ · LDL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David H Williams
Officer — Former Pres. Perform Materials
Period of report
Dec 29, 2015
Accepted (ET)
Dec 31, 2015 · 1:27 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 | Dec 29, 2015 | M | 7,500 | $13.29 | A | 43,864 | D | |
| Common StockF2 | Dec 29, 2015 | S | 7,500 | $36.3618 | D | 36,364 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common StockF1 | $13.29 | Dec 29, 2015 | M | 7,500 | D | Dec 5, 2013 | Dec 4, 2022 | Common Stock | 7,500 | 0 | D |
Explanation of responses
- F1Represents the exercise of Stock Options granted on December 5, 2012 at an exercise price of $13.29 under the Issuer's 2012 Stock Incentive Plan.
- F2The price reported is the weighted average of all the shares sold on December 29, 2015. The shares were sold at varying prices in the range of $36.34 to $36.45. 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.