SEC Form 4 · accession 0001657971-17-000026
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
Jun 1, 2017
Accepted (ET)
Jun 5, 2017 · 4:26 pm EDT
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 | Jun 1, 2017 | M | 2,500 | $13.29 | A | 41,148 | D | |
| Common StockF2 | Jun 1, 2017 | S | 2,500 | $50.859 | D | 38,648 | 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 | $13.29 | Jun 1, 2017 | M | 2,500 | D | Dec 5, 2013 | Dec 4, 2022 | Common Stock | 2,500 | 2,500 | D |
Explanation of responses
- F1Reporting Person exercised stock options totalling 2,500 shares granted on December 5, 2012 with a grant price of $13.29 per share.
- F2The price reported is the weighted average of all the shares sold on June 1, 2017. The shares were sold at varying prices in the range of $50.85 to $50.90. 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.