X0303 4 2009-12-11 0000060977 LYDALL INC /DE/ LDL 0001427713 Turner Erika H C/O LYDALL, INC. ONE COLONIAL ROAD MANCHESTER CT 06042 0 1 0 0 VP, CFO & Treasurer Common Stock 2009-12-11 4 A 0 7000 0 A 12035 D Common Stock 2009-12-11 4 A 0 12000 0 A 24035 D Option to Buy 5.54 2009-12-11 4 A 0 2000 0 A 2010-12-11 2019-12-10 Common Stock 2000 2000 D Represents an award of Performance Shares granted under the Company's 2003 Stock Incentive Compensation Plan, which award is subject to a substantial risk of forfeiture. The actual number of Performance Shares that will be allowed to vest, if any, will be determined upon the 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 one-year period ending December 31, 2010. The Performance Shares vest, to the extent determined, in three equal annual installments beginning on December 7, 2011. Represents an award of Performance Shares granted under the Company's 2003 Stock Incentive Compensation Plan, which award is subject to a substantial risk of forfeiture and vests, if at all, to the extent determined upon the 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 one-year period ending December 31, 2012. Includes 35 shares acquired by the reporting person under the Issuer's Employee Stock Purchase Plan since the filing of the last Form 4 by the reporting person on November 6, 2009. Incentive stock options granted under the amended and Restated Lydall 2003 Stock Incentive Compensation Plan. Options become exercisable at the rate of 25% per year, beginning one year from initial grant date. Paul G. Igoe, Attorney-in-fact for Erika H. Turner 2009-12-14