SEC Form 4 · accession 0001657971-18-000035
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
Oct 27, 2018
Accepted (ET)
Oct 30, 2018 · 2:25 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 | Oct 27, 2018 | A | 985 | $30.46 | A | 20,529 | 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 the dates that are six (6) and twelve (12) months from the Annual Meeting of Stockholders (each, the "Grant Date"), each non-employee director receives a fully vested and unrestricted stock award under the Issuer's 2012 Stock Incentive Plan (the "Plan"). Each stock award consists of that number of whole shares of common stock of the Issuer, subject to adjustment for rounding, equal in value to $30,000, based on the Fair Market Value of the issuer's common stock on the respective Grant Date.