SEC Form 4 · accession 0001657971-17-000011
LYDALL INC /DE/ · LDL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James V Laughlan
Officer — VP, CAO & Treasurer
Period of report
Feb 17, 2017
Accepted (ET)
Feb 22, 2017 · 4:59 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 | Feb 17, 2017 | A | 1,300 | $0.00 | A | 23,423 | D | |
| Common StockF2 | Feb 17, 2017 | F | 2,736 | $59.35 | D | 20,687 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents an increase from the number of Performance Shares granted under the Company's 2012 Stock Incentive Compensation Plan on March 7, 2014, following the certification, on February 17, 2017, by the Compensation Committee of the attainment of the performance criteria set forth in the award in excess of target. The shares covered by this report, as well as the original 6,500 shares underlying the award previously reported on March 11, 2014, vested in full on February 17, 2017.
- F2In conjunction with the vesting on February 17, 2017 of 7,800 performance shares from the Performance Share Award granted on March 7, 2014 and certified on February 17, 2017; 2,736 shares of common stock were surrendered to satisfy tax obligation of the Reporting Person.