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KADANT INC — Director's Dealing 2010
Mar 5, 2010
31258_dirs_2010-03-05_f91564b9-a089-48d0-affe-88870404d09b.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: KADANT INC (KAI)
CIK: 0000886346
Period of Report: 2010-03-03
Reporting Person: MCKENNEY MICHAEL J (VICE PRESIDENT, FINANCE & CAO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-03-03 | Restricted Stock Unit | $0 | A | 2907 | Acquired | 2013-03-10 | Common Stock (2907) | Direct |
| 2010-03-03 | Stock Option (Right to Buy) | $14.17 | A | 6783 | Acquired | 2020-03-03 | Common stock (6783) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 10363.009 | Direct |
Footnotes
F1: Includes 6.648 shares acquired in an exempt transaction pursuant to the Issuer's 401(k) plan on March 2, 2010.
F2: Each Restricted Stock Unit ("RSU") represents the right to receive one share of the issuer's common stock. The RSU vests in three equal annual installations beginning on March 10, 2011, provided that the issuer meets certain performance requirements for fiscal 2010 and the reporting person is employed by the issuer on the vesting date. The maximum number of shares the reporting person may receive is 150% of the RSU amount.
F3: This stock option vests and becomes exercisable in three equal annual installments beginning on March 3, 2011, provided the reporting person is employed by the issuer on the vesting date.