SEC Form 4 · accession 0001657971-16-000044
LYDALL INC /DE/ · LDL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James V Laughlan
Officer — VP, CAO & Treasurer
Period of report
Aug 5, 2016
Accepted (ET)
Aug 9, 2016 · 4:04 pm EDT
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 | Aug 5, 2016 | M | 1,125 | $7.80 | A | 27,865 | D | |
| Common StockF2 | Aug 5, 2016 | M | 2,750 | $8.94 | A | 30,615 | D | |
| Common StockF3 | Aug 5, 2016 | M | 2,250 | $13.29 | A | 32,865 | D | |
| Common StockF4 | Aug 5, 2016 | S | 6,125 | $45.7991 | D | 26,740 | D | |
| Common Stock | Aug 5, 2016 | S | 6,616 | $45.50 | D | 20,124 | 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 | $7.80 | Aug 5, 2016 | M | 1,125 | D | Dec 9, 2011 | Dec 8, 2020 | Common Stock | 1,125 | 0 | D |
| Stock Option Right to Buy | $8.94 | Aug 5, 2016 | M | 2,750 | D | Dec 19, 2012 | Dec 18, 2021 | Common Stock | 2,750 | 0 | D |
| Stock Option Right to Buy | $13.29 | Aug 5, 2016 | M | 2,250 | D | Dec 5, 2013 | Dec 4, 2022 | Common Stock | 2,250 | 0 | D |
Explanation of responses
- F1Represents the exercise of stock options granted on December 9, 2010 at an exercise price of $7.80 under the Issuer's Amended and Restated 2003 Stock Incentive Compensation Plan.
- F2Represents the exercise of stock options granted on December 19, 2011 at an exercise price of $8.94 under the Issuer's Amended and Restated 2003 Stock Incentive Compensation Plan.
- F3Represents 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.
- F4The price reported is the weighted average of all the shares sold on August 5, 2016. The shares were sold at varying prices ranging from $45.50 to $46.28 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.