0000899243-17-027656.txt : 20171130
0000899243-17-027656.hdr.sgml : 20171130
20171130155701
ACCESSION NUMBER: 0000899243-17-027656
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20171130
FILED AS OF DATE: 20171130
DATE AS OF CHANGE: 20171130
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: KURTZ RICHARD
CENTRAL INDEX KEY: 0001168337
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-31354
FILM NUMBER: 171231267
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: LAPOLLA INDUSTRIES INC
CENTRAL INDEX KEY: 0000875296
STANDARD INDUSTRIAL CLASSIFICATION: PAINTS, VARNISHES, LACQUERS, ENAMELS & ALLIED PRODUCTS [2851]
IRS NUMBER: 133545304
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: INTERCONTINENTAL BUSINESS PARK
STREET 2: 15402 VANTAGE PARKWAY EAST, STE. 322
CITY: HOUSTON
STATE: TX
ZIP: 77032
BUSINESS PHONE: 281-219-4700
MAIL ADDRESS:
STREET 1: INTERCONTINENTAL BUSINESS PARK
STREET 2: 15402 VANTAGE PARKWAY EAST, STE. 322
CITY: HOUSTON
STATE: TX
ZIP: 77032
FORMER COMPANY:
FORMER CONFORMED NAME: IFT CORP
DATE OF NAME CHANGE: 20050103
FORMER COMPANY:
FORMER CONFORMED NAME: URECOATS INDUSTRIES INC
DATE OF NAME CHANGE: 19990217
FORMER COMPANY:
FORMER CONFORMED NAME: NATURAL CHILD CARE INC
DATE OF NAME CHANGE: 19931117
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2017-11-30
1
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
2017-11-30
4
D
0
70974360
1.03
D
0
D
Option (Right to Buy)
0.54
2017-11-30
4
D
0
400000
D
2019-05-14
Common Stock
400000
0
D
Option (Right to Buy)
0.294
2017-11-30
4
D
0
500000
D
2015-11-12
2023-11-12
Common Stock
500000
0
D
Option (Right to Buy)
0.40
2017-11-30
4
D
0
800000
D
2024-03-14
Common Stock
800000
0
D
Option (Right to Buy)
0.50
2017-11-30
4
D
0
100000
D
2025-01-05
Common Stock
100000
0
D
Effective November 30, 2017, pursuant to that certain Agreement and Plan of Merger, dated October 4, 2017, by and among Icynene U.S. Holding Corp. ("Parent"), Blaze Merger Sub Inc., a wholly owned subsidiary of Parent ("Merger Sub"), and Lapolla Industries, Inc. (the "Issuer"), Merger Sub merged with and into the Issuer, with the Issuer continuing as the surviving corporation and as a wholly owned subsidiary of Parent (the "Merger"). As consideration for the Merger, each share of Issuer common stock was cancelled and extinguished and converted into the right to receive $1.03 in cash (the "Per Share Merger Consideration").
This option, which provided for vesting in two equal annual installments beginning on May 14, 2015, was cancelled in the Merger in exchange for a cash payment of $196,000, representing, for each share for which the option was exercisable, the difference between the exercise price of the option and the Per Share Merger Consideration.
This option was cancelled in the Merger in exchange for a cash payment of $368,000, representing, for each share for which the option was exercisable, the difference between the exercise price of the option and the Per Share Merger Consideration.
This option, which provided for monthly vesting on a pro rata basis over a three-year period, was cancelled in the Merger in exchange for a cash payment of $504,000, representing, for each share for which the option was exercisable, the difference between the exercise price of the option and the Per Share Merger Consideration.
This option, which provided for vesting in three equal annual installments beginning on December 31, 2017, was cancelled in the Merger in exchange for a cash payment of $53,000, representing, for each share for which the option was exercisable, the difference between the exercise price of the option and the Per Share Merger Consideration.
/s/ Richard J. Kurtz
2017-11-30