SEC Form 4 · accession 0001657971-16-000065
LYDALL INC /DE/ · LDL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William D Gurley
Director
Period of report
Dec 14, 2016
Accepted (ET)
Dec 15, 2016 · 4:46 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 | 2,164 | $18.13 | A | 47,603 | D | |
| Common StockF2 | Dec 14, 2016 | S | 624 | $63.00 | D | 46,979 | 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 | $18.13 | Dec 14, 2016 | M | 1,839 | D | Apr 26, 2008 | Apr 25, 2017 | Common Stock | 1,839 | 0 | D |
| Stock Option Right to Buy | $18.13 | Dec 14, 2016 | M | 325 | D | Apr 26, 2008 | Apr 25, 2017 | Common Stock | 325 | 0 | D |
Explanation of responses
- F1Represents the exercise of two stock options granted on April 26, 2007 at an exercise price of $18.13 under the Issuer's Amended and Restated 2003 Stock Incentive Compensation Plan.
- F2The Reporting Person sold 624 shares of Lydall stock at $63.00 per share.