KADANT INC — Director's Dealing 2012

Jan 3, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KADANT INC (KAI)
CIK: 0000886346
Period of Report: 2011-12-31

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-31	Common Stock	M	7815	—	Acquired	26305	Direct
2011-12-31	Common Stock	F	2482	$22.61	Disposed	23823	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-12-31	Restricted Stock Unit	$0.	M	7815	Disposed	2011-12-31	Common Stock (7815)	Direct

Footnotes

F1: The shares issued represent the final settlement under a RSU award granted on 3/3/2009. The RSU vested 100% on 12/31/2011 and was converted to vested common stock on a one-for-one basis on the vesting date.