X0202 4 2008-01-15 0 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 0 Option (Right to Buy) .60 2008-01-15 4 A 0 0 0 A 2012-01-15 Common Stock, PV $.01 150000 150000 D On January 16, 2007, the Company granted me 450,000 common stock options (Options), at an exercise price of $.60 per share, good for 5 years, for my continuing service as a member of the Board of Directors, Chairperson of the Audit Committee, and a member of certain Standing Committees for the next 3 years, of which 150,000 Options are eligible to vest at the end of each year of service and exercisable at the rate of 33 1/3% each year after vested. The transaction reported herein represents the first vested 150,000 Options. /s/ For Jay C. Nadel By Michael T. Adams, AS/POA 2008-01-17