LYDALL INC /DE/ 4
4 · LYDALL INC /DE/ · Filed Jul 1, 2014
Insider Transaction Report
Form 4
DUFFY W LESLIE
Director
Transactions
- Award
Common Stock
2014-06-30$27.37/sh+658$18,009→ 62,353 total
Footnotes (1)
- [F1]Pursuant to a resolution adopted by the Compensation Committee of the Board of Directors of the Issuer, on June 30 and December 31 of every year (the "Grant Date"), each non-employee Director of the Issuer automatically receives a fully vested and unrestricted stock award under the Issuer's 2012 Stock Incentive Plan (the "Plan") consisting of that number of whole shares of common stock of the Issuer, subject to adjustment for rounding, equal in value to $18,000, based on the Fair Market Value of the Issuer's common stock (as defined in the Plan) on the respective Grant Date.