SEC Form 4 · accession 0001657971-17-000045
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
Nov 21, 2017
Accepted (ET)
Nov 24, 2017 · 12:26 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 | 3,412 | $16.98 | A | 36,148 | D | |
| Common StockF2 | Nov 21, 2017 | M | 5,250 | $27.96 | A | 41,398 | D | |
| Common StockF3 | Nov 21, 2017 | M | 567 | $36.74 | A | 41,965 | D | |
| Common StockF4 | Nov 21, 2017 | S | 9,229 | $55.665 | D | 32,736 | D | |
| Common StockF5 | Nov 22, 2017 | M | 1,683 | $36.74 | A | 34,419 | D | |
| Common StockF6 | Nov 22, 2017 | S | 1,683 | $55.75 | 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 | $16.98 | Nov 21, 2017 | M | 3,412 | A | Dec 6, 2014 | Dec 6, 2023 | Common Stock | 3,412 | 0 | D |
| Stock Option Right to Buy | $27.96 | Nov 21, 2017 | M | 5,250 | A | Dec 5, 2015 | Dec 5, 2024 | Common Stock | 5,250 | 0 | D |
| Stock Option Right to Buy | $36.74 | Nov 21, 2017 | M | 567 | A | Dec 4, 2016 | Dec 4, 2025 | Common Stock | 567 | 0 | D |
| Stock Option Right to Buy | $36.74 | Nov 22, 2017 | M | 1,683 | A | Dec 4, 2016 | Dec 4, 2025 | Common Stock | 1,683 | 0 | D |
Explanation of responses
- F1Represents the exercise of stock options granted December 6, 2013 at an exercise price of $16.98 under the Issuer's 2012 Stock Incentive Plan.
- F2Represents the exercise of stock options granted December 5, 2014 at an exercise price of $27.96 under the Issuer's 2012 Stock Incentive Plan.
- F3Represents the exersise of stock options granted December 4, 2015 at an exercise price of $36.74 under the Issuer's 2012 Stock Incentive Plan.
- F4The price reported is the weighted average of all the shares sold on November 21, 2017. The shares were sold at varying prices in the range of $55.65 to $55.80. 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.
- F5Represents the exercise of stock options granted December 4, 2015 at an exercise price of $36.74 under the Issuer's 2012 Stock Incentive Plan.
- F6Represents the price all shares were sold on November 22, 2017.