Initial Statement of Beneficial Ownership (3)
December 21 2020 - 3:07PM
Edgar (US Regulatory)
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0104
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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Glenn David D. |
2. Date of Event Requiring Statement (MM/DD/YYYY)
12/10/2020
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3. Issuer Name and Ticker or Trading Symbol
LYDALL INC /DE/ [LDL]
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(Last)
(First)
(Middle)
C/O LYDALL, INC., ONE COLONIAL ROAD |
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director _____ 10% Owner ___X___ Officer (give title below) _____ Other (specify below) Pres, Thermal Acoustical Solut / |
(Street)
MANCHESTER, CT 06042
(City)
(State)
(Zip)
| 5. If Amendment, Date Original Filed(MM/DD/YYYY)
| 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Beneficially Owned
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1.Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 2504 | D | |
Common Stock | 8210 (1) | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 4) | 2. Date Exercisable and Expiration Date (MM/DD/YYYY) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Incentive Stock Option | 12/5/2015 (2) | 12/4/2024 | Common Stock | 1575 (3) | $27.96 | D | |
Non-Qualified Stock Option | 12/4/2016 (2) | 12/3/2025 | Common Stock | 2500 (4) | $36.74 | D | |
Non-Qualified Stock Option | 12/8/2018 (2) | 12/7/2027 | Common Stock | 4890 | $51.85 | D | |
Non-Qualified Stock Option | 12/7/2019 (2) | 12/6/2028 | Common Stock | 6905 | $20.16 | D | |
Non-Qualified Stock Option | 7/25/2020 (2) | 7/24/2029 | Coomon Stock | 21390 | $20.05 | D | |
Non-Qualified Stock Option | 2/13/2021 (2) | 2/12/2030 | Common Stock | 11025 | $21.7 | D | |
Explanation of Responses: |
(1) | Represents awards of Performance Shares granted under the Lydall 2012 Stock Incentive Plan, which awards are 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 following three-year periods: (a) for 1,690 shares, from January 1, 2018 and ending as of December 31, 2020; (b) for 2,485 shares, from January 1, 2019 and ending as of December 31, 2021; and (c) for 4,035 shares, from January 1, 2020 and ending as of December 31, 2022. |
(2) | 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. |
(3) | The amount of shares reflects the remaining number of options exercisable from the initial grant of 6,300 shares subject to the stock option grant. |
(4) | The amount of shares reflects the remaining number of options exercisable from the initial grant of 5,000 shares subject to the stock option grant. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Glenn David D. C/O LYDALL, INC. ONE COLONIAL ROAD MANCHESTER, CT 06042 |
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| Pres, Thermal Acoustical Solut |
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Signatures
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Chad A. McDaniel, attorney-in-fact for David D. Glenn | | 12/21/2020 |
**Signature of Reporting Person | Date |
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