SEC Form 4 · accession 0001628280-17-008359
LAPOLLA INDUSTRIES INC · LPAD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Thomas Adams
Officer — CGO, VP and Secretary · Director
Period of report
Aug 4, 2017
Accepted (ET)
Aug 8, 2017 · 5:21 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 | $0.56 | Aug 4, 2017 | A | 80,000 | A | — | Aug 4, 2025 | Common Stock, PV $.01 | 80,000 | 80,000 | D |
Explanation of responses
- F1The option vests in two increments, with 40,000 vesting on August 4, 2017 and 40,000 on March 4, 2018, and once vested, these options are immediately exercisable.