SEC Form 4 · accession 0001140361-15-012655
LAPOLLA INDUSTRIES INC · LPAD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Thomas Adams
Officer — CGO, EVP and Secretary · Director
Period of report
Apr 28, 2014
Accepted (ET)
Mar 19, 2015 · 3:54 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000875296
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (Right to Buy)F1 | $0.42 | Apr 28, 2014 | A | 150,000 | A | — | Apr 28, 2019 | Common Stock, PV $.01 | 150,000 | 530,000 | D |
| Option (Right to Buy)F2 | $0.67 | Jul 12, 2014 | H | 80,000 | D | — | Jul 12, 2014 | Common Stock, PV $.01 | 80,000 | 450,000 | D |
| Option (Right to Buy) | $0.38 | Nov 26, 2014 | A | 80,000 | A | Nov 26, 2014 | Jul 12, 2017 | Common Stock, PV $.01 | 80,000 | 530,000 | D |
Explanation of responses
- F1The option vests in three equal installments on December 31, 2014, December 31, 2015, and December 31, 2016.
- F2The options were exercisable at the rate of 5,000 on March 31, 2006, 5,000 on December 31, 2006, 5,000 on December 31, 2007, 5,000 on December 31, 2008, and 60,000 on January 31, 2009.