LAUGHLAN JAMES V 4
4 · LYDALL INC /DE/ · Filed Dec 12, 2017
Insider Transaction Report
Form 4
LAUGHLAN JAMES V
VP, CAO & Treasurer
Transactions
- Award
Common Stock
[F1]2017-12-08+1,690→ 14,817 total - Award
Option to Buy
[F2]2017-12-08+4,890→ 4,890 totalExercise: $51.85From: 2018-12-08Exp: 2027-12-08→ Common Stock (4,890 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, 2018 through December 31, 2020.
- [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.
Signature
Chad A. McDaniel, Attorney-in-fact for James V. Laughlan|2017-12-12