SEC Form 4 · accession 0001657971-16-000056
LYDALL INC /DE/ · LDL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Chad A. McDaniel
Officer — S.VP, General Counsel & CAO · 10% Owner
Period of report
Dec 9, 2016
Accepted (ET)
Dec 13, 2016 · 2:48 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 | Dec 9, 2016 | A | 2,340 | $0.00 | A | 34,409 | D | |
| Common StockF2 | Dec 9, 2016 | A | 2,340 | $0.00 | A | 36,749 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents an award of Performance Shares granted under the Lydall 2012 Stock Incentive Plan, which award is subject to a 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, 2017 through December 31, 2019.
- F2Restricted stock award granted under the Lydall, Inc. 2012 Stock Incentive Plan. Award shall vest in full on the third anniversary of the grant date.