AI assistant
KADANT INC — Director's Dealing 2010
Dec 14, 2010
31258_dirs_2010-12-14_410a87ec-684c-42c2-821e-ae591c2560f8.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: KADANT INC (KAI)
CIK: 0000886346
Period of Report: 2010-12-08
Reporting Person: Tully William P (Director)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 0 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Unit | $0 | 2011-01-01 | Common Stock (1250) | Direct | |
| Restricted Stock Unit | $0 | 2015-04-04 | Common Stock (10000) | Direct |
Footnotes
F1: Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's common stock.
F2: This RSU was granted on December 8, 2010 upon the appointment of the recipient as a director of the Issuer. The RSU vests on 1/1/2011, provided that the reporting person remains a director of the Issuer through the vesting date.
F3: This RSU was granted on December 8, 2010 upon the appointment of the recipient as a director of the Issuer. The RSU vests only upon a change in control of the Issuer that occurs prior to the last day of the Issuer's first quarter of fiscal 2015. The RSU is forfeited in the event the recipient ceases to be a director of the Issuer for any reason other than a change in control prior to the RSU expiration date.