SEC Form 4 · accession 0001140361-15-044299
LAPOLLA INDUSTRIES INC · LPAD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Kurtz
Director · 10% Owner · Other
Period of report
Dec 9, 2015
Accepted (ET)
Dec 11, 2015 · 5:38 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 | $0.60 | Dec 9, 2015 | D | 800,000 | D | — | Dec 28, 2015 | Common Stock, PV $.01 | 800,000 | 900,000 | D |
| Option (Right to Buy)F1 | $0.60 | Dec 9, 2015 | A | 800,000 | A | — | Dec 28, 2018 | Common Stock, PV $.01 | 800,000 | 1,700,000 | D |
Explanation of responses
- F1The 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 12/28/2010 and provided for vesting in 3 increments, with 266,666 on 12/28/2011, 266,667 on 12/28/2012, and 266,667 on 12/28/2013, and once vested, the options were immediately exercisable.