SEC Form 4 · accession 0001657971-16-000051

· LDL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Pres., Industrial Filtration

Period of report

Aug 19, 2016

Accepted (ET)

Aug 23, 2016 · 1:32 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
Common Stock^F1	Aug 19, 2016	M	2,500	$13.29	A	38,677	D
Common Stock^F2	Aug 19, 2016	S	900	$49.0488	D	37,777	D
Common Stock^F3	Aug 19, 2016	M	2,075	$16.98	A	39,852	D
Common Stock^F2	Aug 19, 2016	S	2,075	$49.0488	D	37,777	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Option to buy^F4	$13.29	Aug 19, 2016	M	2,500	D	Dec 5, 2013	Dec 4, 2022	Common Stock	2,500	2,500	D
Option to Buy^F4	$16.98	Aug 19, 2016	M	2,075	D	Dec 6, 2014	Dec 5, 2023	Common Stock	2,075	2,075	D

F1Reporting Person exercised stock options totalling 2,500 shares granted on December 5, 2012 with a grant price of $13.29 per share and sold 900 shares at an average selling price of $49.0488 per share.
F2The price reported is the weighted average of all the shares sold on August 19, 2016. The shares were sold at varying prices in the range of $48.76 to $49.20. 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.
F3Reporting Person exercised stock options totalling 2,075 shares granted on December 6, 2013 with a grant price of $16.98 per share and sold 2,075 shared at an average selling price of $49.0488 per share.
F4Stock options granted under the Lydall, Inc. 2012 Stock Incentive Plan. Options become exercisable at the rate of 25% per year beginning 1 year from initial grant date.