SEC Form 4 · accession 0001657971-16-000064
LYDALL INC /DE/ · LDL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Chad A. McDaniel
Officer — SVP, General Counsel & CAO
Period of report
Dec 14, 2016
Accepted (ET)
Dec 15, 2016 · 4:43 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 14, 2016 | M | 4,000 | $14.58 | A | 40,749 | D | |
| Common StockF2 | Dec 14, 2016 | S | 4,000 | $62.35 | D | 36,749 | 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 | $14.58 | Dec 14, 2016 | M | 4,000 | A | May 29, 2014 | May 28, 2023 | Common Stock | 4,000 | 0 | D |
Explanation of responses
- F1Represents the exercise of stock options granted on May 29, 2013 at an exercise price of $14.58 under the Issuer's 2012 Stock Incentive Plan.
- F2The Reporting Person sold 4,000 shares of Lydall stock at $62.35 per share.