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: PAINTER JONATHAN W (Director, PRESIDENT AND CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-01	Common Stock	M	3315	—	Acquired	39139	Direct
2011-01-01	Common Stock	F	1181	$23.57	Disposed	39524	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-01	Restricted Stock Unit	$0	M	3315	Disposed	2011-01-01	Common Stock (3315)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3	Indirect

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.