SEC Form 4 · accession 0001140361-15-012656
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
Jan 16, 2015
Accepted (ET)
Mar 19, 2015 · 3:59 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 | $0.325 | Jan 16, 2015 | A | 300,000 | A | — | Jan 16, 2023 | Common Stock, PV $.01 | 300,000 | 830,000 | D |
Explanation of responses
- F1The option vests in three equal end of calendar year increments, commencing on December 31, 2015 and ending December 31, 2017, subject to the reporting person meeting certain performance criteria, and once vested, these options are immediately exercisable.