LYDALL INC /DE/ 4
4 · LYDALL INC /DE/ · Filed Feb 22, 2017
Insider Transaction Report
Form 4
BARNHART DALE G
DirectorPresident & CEO
Transactions
- Tax Payment
Common Stock
2017-02-17$59.35/sh−14,114$837,666→ 229,241 total - Award
Common Stock
2017-02-17+6,000→ 243,355 total
Footnotes (2)
- [F1]Represents an increase from the number of Performance Shares granted under the Company's 2012 Stock Incentive Compensation Plan on March 7, 2014, following the certification, on February 17, 2017, by the Compensation Committee of the attainment of the performance criteria set forth in the award in excess of target. The shares covered by this report, as well as the original 30,000 shares underlying the award previously reported on March 11, 2014, vested in full on February 17, 2017.
- [F2]In conjunction with the vesting on February 17, 2017 of 36,000 performance shares from the Performance Share Award granted on March 7, 2014 and certified on February 17, 2017, 14,114 shares of common stock were surrendered to satisfy tax obligations on the reporting person.