LYDALL INC /DE/ 4
4 · LYDALL INC /DE/ · Filed Dec 8, 2015
Insider Transaction Report
Form 4
FELD WILLIAM M.
VP/GM T/A - Fibers
Transactions
- Award
Common Stock
2015-12-04+2,730→ 19,730 total - Award
Option to Buy
2015-12-04+6,600→ 6,600 totalExercise: $36.74From: 2016-12-04Exp: 2025-12-03→ Common Stock (6,600 underlying)
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 three-year period, January 1, 2016 through December 31, 2018.
- [F2]Stock options granted under the Lydall, Inc. 2012 Stock Incentive Plan. Options become exercisable at the rate of 25% per year, beginning one year from initial grant date.