SEC Form 4 · accession 0001657971-16-000024
LYDALL INC /DE/ · LDL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul A Marold
Officer — President, Lydall PM
Period of report
Feb 18, 2016
Accepted (ET)
Feb 22, 2016 · 3:47 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 | Feb 18, 2016 | A | 6,450 | $0.00 | A | 6,450 | D | |
| Common StockF2 | Feb 18, 2016 | A | 4,610 | $0.00 | A | 11,060 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to BuyF3 | $27.15 | Feb 18, 2016 | A | 11,400 | A | Feb 18, 2017 | Feb 17, 2026 | Common Stock | 11,400 | 11,400 | D |
Explanation of responses
- F1Restricted stock award granted under the Lydall, Inc. 2012 Stock Incentive Plan, consisting of 6,450 shares, of which 3,677 shares shall vest on the second anniversary of the Grant Date and the remaining 2,773 shares shall vest on the third anniversary of the Grant Date.
- F2Represents an award of Performance Shares granted under the Lydall 2012 Stock Incentive Plan, which award is subject to substantial risk of forfeiture and vests, if at all, to the extent determined upon certification by the Compensation Committee of the Board of Directors of the Company, that the Company has achieved certain specified financial performance criteria during the three-year-period, January 1, 2016 through December 31, 2018.
- F3Stock options granted under the Lydall, Inc. 2012 Incentive Plan. Options become exercisable at the rate of 25% per year, beginning one year from initial grant date.