4//SEC Filing
LAPOLLA INDUSTRIES INC 4
Accession 0001140361-15-012654
CIK 0000875296operating
Filed
Mar 18, 8:00 PM ET
Accepted
Mar 19, 3:35 PM ET
Size
12.8 KB
Accession
0001140361-15-012654
Insider Transaction Report
Form 4
ADAMS MICHAEL THOMAS
DirectorCGO, EVP and Secretary
Transactions
- Award
Option (Right to Buy)
2009-05-18+300,000→ 380,000 totalExercise: $0.35Exp: 2015-05-18→ Common Stock, PV $.01 (300,000 underlying) - Award
Option (Right to Buy)
2011-07-05+80,000→ 380,000 totalExercise: $0.67Exp: 2014-07-12→ Common Stock, PV $.01 (80,000 underlying) - Other
Option (Right to Buy)
2008-07-01+320,000→ 80,000 totalExercise: $0.67Exp: 2011-07-12→ Common Stock, PV $.01 (320,000 underlying) - Disposition to Issuer
Option (Right to Buy)
2011-07-05−80,000→ 300,000 totalExercise: $0.67Exp: 2011-07-12→ Common Stock, PV $.01 (80,000 underlying)
Footnotes (3)
- [F1]The reporting person voluntarily canceled 320,000 of the original 400,000 options originally granted on July 12, 2005. The canceled options were not vested nor exercisable at the time of cancellation. See also Footnote 3.
- [F2]These options vest only upon consummation of a change in control and once vested are immediately exercisable.
- [F3]The 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 July 12, 2005 for 400,000 options, of which 320,000 were canceled by the reporting person, and provided for performance based vesting criteria. On March 31, 2006, 80,000 options vested and were exercisable at the rate of 5,000 on March 31, 2006, 5,000 on December 31, 2006, 5,000 on December 31, 2007, 5,000 on December 31, 2008, and 60,000 on January 31, 2009.
Documents
Issuer
LAPOLLA INDUSTRIES INC
CIK 0000875296
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000875296
Filing Metadata
- Form type
- 4
- Filed
- Mar 18, 8:00 PM ET
- Accepted
- Mar 19, 3:35 PM ET
- Size
- 12.8 KB