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KADANT INC — Director's Dealing 2012
Mar 16, 2012
31258_dirs_2012-03-16_3c19fd43-80fd-483a-b62d-cd91e0ceee28.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: 2012-03-08
Reporting Person: Tully William P (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-03-15 | Common Stock | S | 2500 | $23.11 | Disposed | 2500 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2012-03-08 | Restricted Stock Unit | $0 | A | 5000 | Acquired | 2012-12-29 | Common Stock (5000) | Direct |
Footnotes
F1: Each Restricted Stock Unit ("RSU") represents the right to receive one share of the issuer's common stock. The RSU vests in four installments of 1,250 shares each on the last day of each of the issuer's first, second, third and fourth quarters of fiscal 2012, provided the recipient continues to serve as a director of the issuer.
F2: The transactions reported on this Form 4 were executed pursuant to a Rule 10-b-5-1 trading plan.
F3: Represents the weighted average sale price. The actual sales price range from $23.08 to $23.15 per share. The reporting person will supply the SEC, the issuer, or a security holder of the issuer with full information regarding the number of shares at each separate price upon request.