SEC Form 4 · accession 0001657971-16-000026
LYDALL INC /DE/ · LDL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph A. Abbruzzi
Officer — Pres., Industrial Filtration
Period of report
Feb 18, 2016
Accepted (ET)
Feb 22, 2016 · 5:33 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 | 890 | $0.00 | A | 38,806 | D | |
| Common StockF2 | Feb 18, 2016 | F | 1,977 | $27.15 | D | 36,829 | D | |
| Common StockF3 | Feb 21, 2016 | F | 652 | $27.30 | D | 36,177 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents an increase from the number of Performance Shares granted under the Company's 2012 Stock Incentive Compensation Plan on February 18, 2013, following the certification, on February 18, 2016, by the Compensation Committee of the attainment of the performance criteria set forth in the award in excess of target. The shares covered by this report, as well as the original 4,449 shares underlying the award previously reported on February 24, 2014, vested in full on February 18, 2016.
- F2In conjunction with the vesting on February 18, 2016 of 5,339 performance shares from the Performance Share Award granted on February 18, 2013 and certified on February 18, 2016; 1,977 shares of common stock were surrendered to satisfy tax obligations of the Reporting Person.
- F3Represents Securities surrendered to satisfy tax obligation of the Reporting Person in connection with the vesting on the Transaction Date of February 21, 2016, 1,915 shares of restricted stock awarded by the Issuer to the Reporting Person on February 21, 2014.