KADANT INC — Director's Dealing 2011

Jan 4, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KADANT INC (KAI)
CIK: 0000886346
Period of Report: 2011-01-01

Reporting Person: LAMBERT SANDRA L (VP, GENERAL COUNSEL, SECRETARY)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-01	Common Stock	M	1785	—	Acquired	25836	Direct
2011-01-01	Common Stock	F	642	$23.57	Disposed	26760	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-01	Restricted Stock Unit	$0	M	1785	Disposed	2011-01-01	Common Stock (1785)	Direct

Footnotes

F1: The shares issued represent the final settlement under a restricted stock unit ("RSU") award granted March 8, 2008. The RSU vested 100% on 01/01/2011 and was converted to vested common stock on a one-for-one basis on the vesting date.

F2: Includes 1566 shares acquired in an exempt transaction pursuant to the Issuer's ESPP on December 31, 2010.