KADANT INC — Director's Dealing 2010

Jan 5, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KADANT INC (KAI)
CIK: 0000886346
Period of Report: 2010-01-02

Reporting Person: OBRIEN THOMAS M (CFO, EXECUTIVE VICE PRESIDENT)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-01-02	Common Stock	M	15480	—	Acquired	35249	Direct
2010-01-02	Common Stock	F	5238	$15.96	Disposed	30836	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-01-02	Restricted Stock Unit	$0	M	15480	Disposed	2010-01-02	Common Stock (15480)	Direct

Footnotes

F1: Includes 825 shares acquired in an exempt transaction pursuant to the Issuer's ESPP on December 31, 2009.

F2: The shares issued represent the final settlement under a restricted stock unit ("RSU") award granted May 24, 2007. The RSU vested 100% on 1/2/2010 and was converted to vested common stock on a one-for-one basis on the vesting date.