LYDALL INC /DE/ 4
4 · LYDALL INC /DE/ · Filed Dec 13, 2010
Insider Transaction Report
Form 4
Turner Erika H
VP, CFO & Treasurer
Transactions
- Award
Common Stock
2010-12-09+10,000→ 41,209 total - Award
Option to Buy
2010-12-09+15,000→ 15,000 totalExercise: $7.80From: 2011-12-10Exp: 2020-12-09→ Common Stock (15,000 underlying) - Award
Common Stock
2010-12-09+7,500→ 31,209 total
Footnotes (4)
- [F1]Represents an award of Performance Shares granted under the Company's 2003 Stock Incentive Compensation Plan, which award is subject to a substantial risk of forfeiture and vests in three equal installments beginning on December 9, 2012 to the extent determined by the certification by the Compensation Committee of the Board of Directors of the Company that the Company has achieved certain specified financial performance criteria during the one-year period ending December 31, 2011.
- [F2]Represents an award of Performance Shares granted under the Company's 2003 Stock Incentive Compensation Plan, which award is subject to a substantial risk of forfeiture and vests, if at all, to the extent determined upon the certification by the Compensation Committee of the Board of Directors of the Company that the Company has achieved certain specified financial performance criteria during the one-year period ending December 31, 2013.
- [F3]Includes 3,750 unvested shares subject to time-based restricted stock awards and (ii) 36,500 unvested shares subject to a performance-based restricted stock award.
- [F4]Incentive stock options granted under the Amended and Restated Lydall 2003 Stock Incentive Compensation Plan. Options become exercisable at the rate of 25% per year, beginning one year from initial grant date.