X0303 4 2010-12-31 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 Common Stock, PV $.01 2010-12-31 4 A 0 100000 0 A 1184000 D (a) Effective July 1, 2010, the Board of Directors of the Company adopted a Director Compensation Program, which included grants of restricted common stock of the Company to outside directors. Under the program, I received a restricted stock grant of 500,000 shares of common stock of the Company, which vests over a five-year period, with one fifth vesting at the end of each year beginning in 2010; provided, however, if there is a change in the control of the Company, all stock grants, which have not vested, will vest immediately upon the change in control. On December 31, 2010, the first tranche of 100,000 shares of restricted common stock vested. This program was previously disclosed in the Company's SEC filings. /s/ For Jay C. Nadel By Michael T. Adams, AS/POA 2011-01-04