SEC Form 4 · accession 0001657971-17-000042
LYDALL INC /DE/ · LDL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dale G Barnhart
Officer — President & CEO · Director
Period of report
Nov 17, 2017
Accepted (ET)
Nov 20, 2017 · 4:38 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 17, 2017 | M | 12,685 | $13.29 | A | 241,926 | D | |
| Common StockF2 | Nov 17, 2017 | S | 12,685 | $53.9041 | D | 229,241 | 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 | $13.29 | Nov 17, 2017 | M | 12,685 | D | Dec 5, 2013 | Dec 4, 2022 | Common Stock | 12,685 | 0 | D |
Explanation of responses
- F1Represents the exercise of 12,685 Stock Options granted on December 5, 2012 at an exercise price of $13.29 under the Issuer's Amended and Restated 2012 Stock Incentive Compensation Plan.
- F2The price reported is the weighted average of all the shares sold on November 17, 2017. The shares were sold at prices ranging from $53.75 to $54.35. 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.
- F3Stock Options granted under the Amended and Restated 2012 Stock Incentive Compensation Plan. Options become exercisable at the rate of 25% per year, beginning one year from initial grant date.