LYDALL INC /DE/ 4
4 · LYDALL INC /DE/ · Filed Dec 13, 2016
Insider Transaction Report
Form 4
Marold Paul A
President, Lydall PM
Transactions
- Award
Option to Buy
2016-12-09+4,820→ 4,820 totalExercise: $64.20From: 2017-12-09Exp: 2026-12-08→ Common Stock (4,820 underlying) - Award
Common Stock
2016-12-09+1,950→ 13,010 total
Footnotes (2)
- [F1]Represents an award of Performance Shares granted under the Lydall 2012 Stock Incentive Plan, which award is subject to 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, 2017 through December 31, 2019.
- [F2]Stock options granted under the Lydall, Inc. 2012 Incentive Plan. Options become exercisable at the rate of 25% per year, beginning one year from initial grant date.