SEC Form 4 · accession 0001657971-17-000046
LYDALL INC /DE/ · LDL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William D Gurley
Director
Period of report
Nov 30, 2017
Accepted (ET)
Dec 4, 2017 · 4:24 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 30, 2017 | M | 3,252 | $11.39 | A | 49,647 | D | |
| Common StockF2 | Nov 30, 2017 | S | 3,252 | $55.1534 | D | 46,395 | 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 | $11.39 | Nov 30, 2017 | M | 3,252 | D | Apr 25, 2009 | Apr 25, 2018 | Common Stock | 3,252 | 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 price reported is the weighted average of all shares sold on November 30,2017. The shares were sold at varying prices in the range of $54.805 to $55.35. 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.