SEC Form 4 · accession 0001657971-17-000044
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 21, 2017
Accepted (ET)
Nov 24, 2017 · 12:22 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 21, 2017 | M | 1,664 | $11.39 | A | 20,197 | D | |
| Common StockF2 | Nov 21, 2017 | S | 1,664 | $55.00 | D | 18,533 | D | |
| Common StockF4 | Nov 22, 2017 | M | 3,325 | $3.67 | A | 21,858 | D | |
| Common StockF5 | Nov 22, 2017 | S | 3,325 | $56.00 | 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 21, 2017 | M | 1,664 | D | Apr 25, 2009 | Apr 25, 2018 | Common Stock | 1,664 | 0 | D |
| Stock Option Right to BuyF3 | $3.79 | Nov 22, 2017 | M | 3,325 | D | Apr 24, 2010 | Apr 24, 2019 | Common Stock | 3,225 | 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 1664 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.
- F4Represents the exercise of stock options granted on April 4, 2009 at an exercise price of $3.79 under the Issuer's Amended and Restated 2003 Stock Incentive Compensation Plan.
- F5The Reporting Person sold 3,325 shares of Lydall stock at $56.00 per share.