X0306 4 2015-03-04 0000060977 LYDALL INC /DE/ LDL 0001249235 GILES MARC T C/O LYDALL, INC. ONE COLONIAL ROAD MANCHESTER CT 06042 1 0 0 0 Common Stock 2015-03-04 4 M 0 3882 11.39 A 23790 D Common Stock 2015-03-04 4 S 0 3882 30.87 D 19908 D Common Stock 2015-03-06 4 M 0 6000 11.39 A 25908 D Common Stock 2015-03-06 4 S 0 6000 30.03 D 19908 D Stock Option Right to Buy 11.39 2015-03-04 4 M 0 3882 0 D 2009-04-25 2018-04-24 Common Stock 3882 8150 D Stock Option Right to Buy 11.39 2015-03-06 4 M 0 6000 0 D 2009-04-25 2018-04-24 Common Stock 6000 2150 D Represents the exercise of non-qualified stock options granted on April 25, 2008 at an exercise price of $11.39 under the Issuer's Amended and Restated 2003 Stock Incentive Compensation Plan. The price reported is the weighted average of all the shares sold on March 4, 2015. The shares were sold at varying prices in the range of $30.50 to $31.42. The Reporting Person undertakes, upon request by the Staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, to provide full information regarding the number of shares sold at each separate price. The price reported is the weighted average of all the shares sold on March 6, 2015. The shares were sold at varying prices in the range of $30.00 to $30.08. The Reporting Person undertakes, upon request by the Staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, to provide full information regarding the number of shares sold at each separate price. Stock Option was granted under the Issuer's 2003 Stock Incentive Compensation Plan; Stock Option became exercisable 25% per year beginning one year from the initial grant date. Chad A. McDaniel, Attorney-in-fact for Marc T. Giles 2015-03-06