SMITH THOMAS P 4
4 · LYDALL INC /DE/ · Filed Nov 5, 2009
Insider Transaction Report
Form 4
SMITH THOMAS P
Other
Transactions
- Tax Payment
Common Stock
2009-11-03$5.21/sh−2,203$11,478→ 14,732 total
Footnotes (2)
- [F1]In conjunction with the accelerated vesting on November 3, 2009 of 7,000 shares of restricted stock from restricted stock awards granted on December 7, 2006, December 3, 2007 and December 9, 2008, 2,203 shares of common stock were surrendered to satisfy tax obligations of the reporting person.
- [F2]Includes (i) 1,245 shares acquired by the reporting person under the Issuer's Employee Stock Purchase Plan since January 2, 2009, (ii) 1,017 shares held by the reporting person in the Lydall 401(k) Plan; and (iii) 1,500 shares held by the reporting person's spouse. Excludes 4,000 shares subject to a performance stock award dated January 12, 2009 that expired on November 3, 2009 upon termination of reporting person's employment.