SEC Form 4 · accession 0001657971-16-000045
LYDALL INC /DE/ · LDL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William J. Hume
Officer — SVP/GM-Global Auto-Metals
Period of report
Aug 5, 2016
Accepted (ET)
Aug 9, 2016 · 4:07 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 | 2,500 | $8.94 | A | 17,230 | D | |
| Common StockF2 | Aug 5, 2016 | S | 2,500 | $45.476 | D | 14,730 | 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 BuyF1 | $8.94 | Aug 5, 2016 | M | 2,500 | D | Dec 19, 2012 | Dec 18, 2021 | Common Stock | 2,500 | 0 | D |
Explanation of responses
- F1Represents 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.
- F2The price reported is the weighted average of all the shares sold on August 8, 2016. The shares were sold at varying prices in the range of $45.314 to $45.695. 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.