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LAPOLLA INDUSTRIES INC 4/A

Accession 0001140361-14-038371

CIK 0000875296operating
View on SEC.govCompany Profile

Filed

Oct 15, 8:00 PM ET

Accepted

Oct 16, 4:52 PM ET

Size

22.0 KB

Accession

0001140361-14-038371

Insider Transaction Report

Form 4/AAmended
Period: 2008-05-05
LAPOLLA INDUSTRIES INCLPAD
Kramer Douglas J
DirectorCEO and President
Transactions
  • Award

    Option (Right to Buy)

    2008-05-05+2,000,000→ 4,000,000 total
    Exercise: $0.74Exp: 2013-12-31→ Common Stock, PV $.01 (2,000,000 underlying)
  • Award

    Option (Right to Buy)

    2012-10-26+2,000,000→ 4,000,000 total
    Exercise: $0.67Exp: 2013-07-12→ Common Stock, PV $.01 (2,000,000 underlying)
  • Disposition to Issuer

    Option (Right to Buy)

    2013-12-31−500,000→ 0 total
    Exercise: $0.74Exp: 2013-12-31→ Common Stock, PV $.01 (500,000 underlying)
  • Disposition to Issuer

    Option (Right to Buy)

    2008-05-05−2,000,000→ 0 total
    Exercise: $0.67Exp: 2012-12-31→ Common Stock, PV $.01 (2,000,000 underlying)
  • Disposition to Issuer

    Option (Right to Buy)

    2013-07-12−2,000,000→ 500,000 total
    Exercise: $0.67Exp: 2013-07-12→ Common Stock, PV $.01 (200,000 underlying)
  • Award

    Option (Right to Buy)

    2008-05-05+2,000,000→ 2,000,000 total
    Exercise: $0.67Exp: 2012-12-31→ Common Stock, PV $.01 (2,000,000 underlying)
  • Disposition to Issuer

    Option (Right to Buy)

    2012-10-26−2,000,000→ 2,000,000 total
    Exercise: $0.67Exp: 2013-07-12→ Common Stock, PV $.01 (2,000,000 underlying)
  • Disposition to Issuer

    Option (Right to Buy)

    2010-05-05−1,500,000→ 2,500,000 total
    Exercise: $0.74Exp: 2013-12-31→ Common Stock, PV $.01 (1,500,000 underlying)
Footnotes (5)
  • [F1]These four reported transactions involved two amendments of an outstanding option originally granted on 7/12/05, resulting on the date of each amendment in the deemed cancellation of the "original" and "extended" option, respectively, and the grant of a replacement option. The original option, as extended on 5/5/08, vested in full at the time of the extension, and exercisable on a cumulative basis of 8 1/3 % at the end of 12 months, 16 2/3 % at the end of 24 months, 25 % at the end of the 36 months, and 100 % at the end of the 48 months (the "Extended Option"). The Extended Option, was further extended on 10/26/12 and fully vested and exercisable at that time.
  • [F2]The option vests in 250,000 increments. The first increment vests on 6/30/2008, provided the Company has net pre-tax income for that quarter, or the last day of the first fiscal quarter after 6/30/2008 for which the Company has a quarterly profit, and each remaining increment on the last day of each or next 7 fiscal quarters with a quarterly profit, subject to continued satisfactory employment. The options, once vested, are exercisable on a cumulative basis of 8 1/3 % at the end of 12 months, 16 2/3 % at the end of 24 months, 25 % at the end of the 36 months, and 100 % at the end of the 48 months.
  • [F3]In connection with a contract negotiation, 1,500,000 unvested options were canceled by mutual agreement.
  • [F4]See Footnote 1 above. This option expired on 7/12/13.
  • [F5]See Footnotes 2 and 3 above. This option expired on 12/31/13.

Documents

1 file

Issuer

LAPOLLA INDUSTRIES INC

CIK 0000875296

→
Entity typeoperating
IncorporatedDE

Related Parties

1
  • filerCIK 0000875296

Filing Metadata

Form type
4/A
Filed
Oct 15, 8:00 PM ET
Accepted
Oct 16, 4:52 PM ET
Size
22.0 KB
View on SEC.gov