X0303 4 2010-12-09 0000060977 LYDALL INC /DE/ LDL 0001449676 Kurto Peter M. C/O LYDALL, INC. ONE COLONIAL ROAD MANCHESTER CT 06042 0 1 0 0 VP - Business Development Common Stock 2010-12-09 4 A 0 7000 7.80 A 20721 D Option to Buy 7.80 2010-12-09 4 A 0 10000 0 A 2011-12-10 2020-12-09 Common Stock 10000 10000 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 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, 2013. Includes (i) 1,200 unvested shares subject to time-based restricted stock awards and (ii) 18,000 unvested shares subject to a performance-based restricted stock award. 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 Peter M. Kurto 2010-12-13