X0202 4 2007-01-16 0 0000875296 LAPOLLA INDUSTRIES INC LPAD 0001168337 KURTZ RICHARD C/O LAPOLLA INDUSTRIES, INC. 15402 VANTAGE PKWY E, #322 HOUSTON TX 77032 1 0 1 1 Chairman of the Board Common Stock, PV $.01 2007-05-22 4 A 0 45447 .57 A 33534995 D Common Stock, PV $.01 2007-07-13 4 G 0 100000 0 D 33434995 I Spouse resides with me. Option (Right to Buy) .60 2007-01-16 4 A 0 1000000 0 A 2014-01-15 Common Stock, PV $.01 1000000 0 D On January 16, 2007, the Company, subject to ratification and approval by common stockholders of certain amendments made by the Board of Directors to the Equity Incentive Plan of even date, granted me 1,000,000 common stock options (?Options?), at an exercise price of $.60 per share, good for 7 years, for my continuing service as a member of the Board of Directors and Chairman of the Board for the next 5 years, of which 200,000 Options are eligible to vest at the end of each year of service and exercisable at the rate of 50% each year only after all 1,000,000 Options vest. The amendments to the Equity Incentive Plan were ratified and approved by the common stockholders at the 2007 Annual Meeting of Stockholders held on May 22, 2007. This transaction was previously reported in the Form 8-K dated January 11, 2007 filed with the SEC on January 18, 2007 and 2007 Proxy Statement filed with the SEC on April 20, 2007. Represents the number of restricted shares of common stock automatically granted and issued to me in my capacity as the Chairman of the Board at the 2006 Annual Meeting of Stockholders held on July 12, 2006 pursuant to the Director Compensation Plan, which vested at the 2007 Annual Meeting of Stockholders held on May 22, 2007. The Company did not consider these shares when originally issued as outstanding due to a vesting provision which was satisfied on the date of the 2007 Annual Meeting of Stockholders. This transaction was previously reported in the Company's 2006 and 2007 Proxy Statements filed with the SEC. Gift to Spouse. /s/ For Richard J. Kurtz __________ By Michael T. Adams, AS/POA 2008-01-04