X0306 4 2017-11-30 1 0000875296 LAPOLLA INDUSTRIES INC LPAD 0001387021 Nadel Jay C C/O LAPOLLA INDUSTRIES, INC. 15402 VANTAGE PKWY E, #322 HOUSTON TX 77032 1 0 0 1 Vice Chairman Common Stock, PV $.01 2017-11-21 5 G 0 E 278284 0.00 D 11955851 D Common Stock, PV $.01 2017-11-30 4 D 0 11955851 1.03 D 0 D Option (Right to Buy) 0.42 2017-11-30 4 D 0 100000 D 2019-04-28 Common Stock 100000 0 D Option (Right to Buy) 0.35 2017-11-30 4 D 0 450000 D 2022-12-22 Common Stock 450000 0 D Option (Right to Buy) 0.50 2017-11-30 4 D 0 100000 D 2025-01-05 Common Stock 100000 0 D Effective November 30, 2017, pursuant to that certain Agreement and Plan of Merger, dated October 4, 2017, by and among Icynene U.S. Holding Corp. ("Parent"), Blaze Merger Sub Inc., a wholly owned subsidiary of Parent ("Merger Sub"), and Lapolla Industries, Inc. (the "Issuer"), Merger Sub merged with and into the Issuer, with the Issuer continuing as the surviving corporation and as a wholly owned subsidiary of Parent (the "Merger"). As consideration for the Merger, each share of Issuer common stock was cancelled and extinguished and converted into the right to receive $1.03 in cash (the "Per Share Merger Consideration"). This option, which provided for vesting in two equal annual installments beginning on April 30, 2015, was cancelled in the Merger in exchange for a cash payment of $61,000, representing, for each share for which the option was exercisable, the difference between the exercise price of the option and the Per Share Merger Consideration. This option, which provided for vesting in three equal annual installments beginning on December 31, 2014, was cancelled in the Merger in exchange for a cash payment of $306,000, representing, for each share for which the option was exercisable, the difference between the exercise price of the option and the Per Share Merger Consideration. This option, which provided for vesting in three equal annual installments beginning on December 31, 2017, was cancelled in the Merger in exchange for a cash payment of $53,000, representing, for each share for which the option was exercisable, the difference between the exercise price of the option and the Per Share Merger Consideration. /s/ Jay C. Nadel 2017-11-30