SEC Form 4 · accession 0001657971-17-000041
LYDALL INC /DE/ · LDL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
S Carl Soderstrom Jr.
Director
Period of report
Nov 6, 2017
Accepted (ET)
Nov 8, 2017 · 5:17 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 | Nov 6, 2017 | M | 1,588 | $11.39 | A | 20,121 | D | |
| Common StockF2 | Nov 6, 2017 | S | 1,588 | $55.00 | D | 18,533 | 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 BuyF3 | $11.39 | Nov 6, 2017 | M | 1,588 | D | Apr 27, 2009 | Apr 26, 2018 | Common Stock | 1,588 | 0 | D |
Explanation of responses
- F1Represents the exercise of stock options granted on April 25, 2008 at an exercise price of $11.39 under the Issuer's Amended and Restated 2003 Stock Incentive Compensation Plan.
- F2The Reporting Person sold 1588 shares of Lydall stock at $55.00 per share.
- F3Stock options granted under the Amended and Restated 2003 Stock Incentive Compensation Plan. Options became exercisable at the rate of 25% per year, beginning one year from initial grant date.