SEC Form 4 · accession 0001657971-17-000027
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
Jun 9, 2017
Accepted (ET)
Jun 13, 2017 · 5:10 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 9, 2017 | M | 3,500 | $14.58 | A | 36,236 | D | |
| Common StockF2 | Jun 9, 2017 | S | 3,500 | $54.0615 | D | 32,736 | 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 | Jun 19, 2017 | M | 3,500 | A | May 29, 2014 | May 28, 2023 | Common Stock | 3,500 | 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 price reported is the weighted average of all the shares sold on June 9, 2017. The shares were sold at varying prices in the range of $54.00 to $54.15. The Reporting Person undertakes, upon request by the Staff or 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.