LYDALL INC /DE/ 4
4 · LYDALL INC /DE/ · Filed May 16, 2012
Insider Transaction Report
Form 4
Turner Erika H
VP, CFO & Treasurer
Transactions
- Award
Common Stock
2012-05-14+7,000→ 40,764 total
Footnotes (2)
- [F1]Represents an award of Performance Shares granted under the Lydall 2012 Stock Incentive Plan, which award is subject to a substantial risk of forfeiture and vests, if at all, to the extent determined upon 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, 2014.
- [F2]7,500 performance shares owned by the reporting person were forfeited on March 11, 2012 upon certification by the Compensation Committee of the Board of Directors that the relevant 2011 financial performance criteria was not achieved.