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If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) |
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, 2013 and December 31, 2015. |
(2) |
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, 2014 and December 31, 2016. |
(3) |
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, 2015 and December 31, 2017. |
(4) |
10,000 Incentive Stock Options granted under the Amended and Restated 2003 Stock Incentive Compensation Plan on December 19, 2011. Options become exercisable at the rate of 25% per year, beginning one year from initial grant date. To date, Reporting Person has exercised 7,500 options; balance is 2,500. |
(5) |
10,000 Incentive Stock Options granted under the Lydall, Inc. 2012 Stock Incentive Plan on December 5, 2012. Options become exercisable at the rate of 25% per year, beginning one year from initial grant date. To date, Reporting Person has exercised 5,000 options; balance is 5,000. |
(6) |
4,150 Incentive Stock Options granted under the Lydall, Inc. 2012 Stock Incentive Plan on December 6, 2013. Options become exercisable at the rate of 25% per year, beginning one year from initial grant date. To date, Reporting Person has exercised 1,037 options; balance is 3,113. |
(7) |
7,966 Incentive Stock Options granted under the Lydall, Inc. 2012 Stock Incentive Plan on December 5, 2014. Options become exercisable at the rate of 25% per year, beginning one year from initial grant date. No options have vested to date. |
(8) |
2,534 Non-qualified Stock Options granted under the Lydall, Inc. 2012 Stock Incentive Plan on December 5, 2014. Options become exercisable at the rate of 25% per year, beginning one year from initial grant date. No options have vested to date. |