LAUGHLAN JAMES V 4/A
4/A · LYDALL INC /DE/ · Filed Dec 21, 2018
Insider Transaction Report
Form 4/AAmended
LAUGHLAN JAMES V
Controller
Transactions
- Award
Common Stock
2018-12-07+4,345→ 19,677 total - Award
Option to Buy
2018-12-07+12,080→ 12,080 totalExercise: $20.16From: 2019-12-07Exp: 2028-12-07→ Common Stock (12,080 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, 2019 through December 31, 2021. This amendment corrects the number of shares granted on December 7, 2018. The original filing incorrectly reported 1,690 shares, rather than the 4,345 shares actually granted.
- [F2]This amendment corrects the number of shares subject to options granted on December 7, 2018. The original filing incorrectly reported 4,890 option shares, rather than the 12,080 option shares actually granted. Stock options are granted under the Lydall, Inc. 2012 Stock Incentive Plan and become exercisable at the rate of 25% per year, beginning one year from initial grant date.