SEC Form 4 · accession 0001140361-15-044295
LAPOLLA INDUSTRIES INC · LPAD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas J Kramer
Officer — CEO and President · Director
Period of report
Dec 9, 2015
Accepted (ET)
Dec 11, 2015 · 5:20 pm EST
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 | $0.425 | Dec 9, 2015 | D | 1,150,000 | D | — | Dec 31, 2015 | Common Stock, PV $.01 | 1,150,000 | 1,700,000 | D |
| Option (Right to Buy)F1 | $0.425 | Dec 9, 2015 | A | 1,150,000 | A | — | Oct 14, 2022 | Common Stock, PV $.01 | 1,150,000 | 2,850,000 | D |
| Option (Right to Buy)F2 | $0.325 | Dec 9, 2015 | D | 850,000 | D | — | Dec 31, 2015 | Common Stock, PV $.01 | 850,000 | 2,000,000 | D |
| Option (Right to Buy)F2 | $0.325 | Dec 9, 2015 | A | 850,000 | A | — | Jan 16, 2023 | Common Stock, PV $.01 | 850,000 | 2,850,000 | D |
Explanation of responses
- F1These two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on October 14, 2014 and provided for immediate vesting and exercisability.
- F2These two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on January 16, 2015 and provided for immediate vesting and exercisability.