SEC Form 4 · accession 0001628280-17-000149
LAPOLLA INDUSTRIES INC · LPAD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jay C Nadel
Director · Other
Period of report
Jan 5, 2017
Accepted (ET)
Jan 9, 2017 · 10:36 am 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 | $0.50 | Jan 5, 2017 | A | 100,000 | A | — | Jan 5, 2025 | Common Stock, PV $.01 | 100,000 | 100,000 | D |
Explanation of responses
- F1The option vests over a 3 year period in the amount of 33,333, 33,333, and 33,334 on December 31, 2017, December 31, 2018, and December 31, 2019, respectively, and once vested these options are immediately exercisable.