SEC Form 4 · accession 0001657971-16-000068
LYDALL INC /DE/ · LDL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph A. Abbruzzi
Officer — Pres., Industrial Filtration
Period of report
Dec 20, 2016
Accepted (ET)
Dec 21, 2016 · 2:50 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 20, 2016 | M | 3,492 | $27.96 | A | 45,949 | D | |
| Common StockF2 | Dec 20, 2016 | M | 2,050 | $36.74 | A | 47,999 | D | |
| Common StockF3 | Aug 19, 2016 | S | 5,542 | $63.3139 | D | 42,457 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to buy | $27.96 | Dec 20, 2016 | M | 3,492 | D | Dec 5, 2015 | Dec 4, 2024 | Common Stock | 3,492 | 3,492 | D |
| Option to Buy | $36.74 | Aug 19, 2016 | M | 2,050 | D | Dec 4, 2016 | Dec 3, 2025 | Common Stock | 2,050 | 2,050 | D |
Explanation of responses
- F1Reporting Person exercised stock options totalling 3,492 shares granted on December 5, 2014 with a grant price of $27.96 per share.
- F2Reporting Person exercised stock options totalling 2,050 shares granted on December 5, 2015 with a grant price of $36.74 per share.
- F3The price reported is the weighted average of all the shares sold on December 20, 2016. The shares were sold at varying prices in the range of $63.055 to $63.45. 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.