SEC Form 4 · accession 0001657971-18-000023
LYDALL INC /DE/ · LDL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Suzanne Hammett
Director
Period of report
Jun 22, 2018
Accepted (ET)
Jun 22, 2018 · 4:13 pm EDT
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 | Jun 22, 2018 | A | 419 | $42.90 | A | 30,067 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Pursuant to a resolution adopted by the Board of Directors of the Issuer on June 22, 2018, and to reflect the change in timing of stock awards to non-employee directors (as described in the 2018 Proxy Statement), each non-employee director received a grant of 419 shares of common stock for the period starting January 1, 2018 through April 27, 2018, which was the date of the 2018 Annual Meeting. The number of shares granted was determined by dividing the pro-rata fee for the covered period ($19,230) by the closing price on the date of the 2018 Annual Meeting ($45.90).