4//SEC Filing
Greenstein Sara A. 4
Accession 0001780989-21-000060
CIK 0000060977other
Filed
Oct 4, 8:00 PM ET
Accepted
Oct 5, 12:33 PM ET
Size
13.2 KB
Accession
0001780989-21-000060
Insider Transaction Report
Form 4
Greenstein Sara A.
DirectorPresident and CEO
Transactions
- Disposition to Issuer
Common Stock
2021-10-01−219,977→ 0 total - Award
Common Stock
2021-10-01+53,500→ 219,977 total - Disposition to Issuer
Non-Qualified Stock Option (Right to Buy)
2021-10-01−110,620→ 0 totalExercise: $18.62→ Common Stock (110,620 underlying)
Footnotes (5)
- [F1]Disposed of as a result of the merger pursuant to the previously announced Agreement and Plan of Merger, dated as of June 21, 2021, by and among Lydall, Inc., Unifrax Holding Co., Outback Merger Sub, Inc. and Unifrax I LLC, as it may be amended from time to time, referred to as the Merger Agreement.
- [F2]Represents an increase from the number of Performance Shares granted under the Company's Amended and Restated 2012 Stock Incentive Plan on each of November 20, 2019 and February 22, 2021 following the certification, on October 1, 2021, by the Board of Directors 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 51,020 and 27,990 shares underlying the awards previously reported on the above dates vested in full on October 1, 2021 and were converted in the Merger into the right to receive $62.10 in cash per share underlying the Performance Shares (the "Merger Consideration").
- [F3]Previously reported Restricted Stock and Performance Share awards were included in previously reported amount of securities beneficially owned.
- [F4]Each share of common stock was cancelled pursuant to the Merger Agreement in exchange for the right to receive the Merger Consideration.
- [F5]Effective as of immediately prior to the effective time of the Merger, each then-outstanding and unexercised stock option of the issuer with an exercise price less than $62.10 was automatically canceled and converted into the right to receive an amount of cash equal to the product of (i) the total number of shares of Common Stock then underlying such stock option multiplied by (ii) the excess of the $62.10 over the exercise price per share of such stock option, on the terms set forth in the Merger Agreement.
Documents
Issuer
LYDALL INC /DE/
CIK 0000060977
Entity typeother
Related Parties
1- filerCIK 0001626567
Filing Metadata
- Form type
- 4
- Filed
- Oct 4, 8:00 PM ET
- Accepted
- Oct 5, 12:33 PM ET
- Size
- 13.2 KB