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KADANT INC — Director's Dealing 2012
Mar 16, 2012
31258_dirs_2012-03-16_decfbed6-d45e-4de6-a3b5-fd408a183742.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: 2012-03-07
Reporting Person: PAINTER JONATHAN W (Director, PRESIDENT AND CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-03-10 | Common Stock | M | 14500 | — | Acquired | 65796 | Direct |
| 2012-03-10 | Common Stock | F | 5071 | $22.80 | Disposed | 60725 | Direct |
| 2012-03-10 | Common Stock | M | 13200 | — | Acquired | 73925 | Direct |
| 2012-03-10 | Common Stock | F | 5505 | $22.80 | Disposed | 68420 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2012-03-07 | Restricted Stock Unit | $0 | A | 30871 | Acquired | 2015-03-07 | Common Stock (30871) | Direct |
| 2012-03-07 | Stock Option (Right to Buy) | $21.91 | A | 38515 | Acquired | 2022-03-07 | Common Stock (38515) | Direct |
| 2012-03-10 | Restricted Stock Unit | $0. | M | 14500 | Disposed | 2013-03-10 | Common Stock (14500) | Direct |
| 2012-03-10 | Restricted Stock Unit | $0. | M | 13200 | Disposed | 2014-03-10 | Common Stock (13200) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 3 | Indirect |
Footnotes
F1: 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, 2013, provided that the issuer meets certain performance requirements for fiscal 2012 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.
F2: This stock option vests and becomes exercisable in three equal annual installments beginning on March 7, 2013, provided the reporting person is employed by the issuer on the vesting date.
F3: The shares represent the partial settlement under a RSU award granted 3/3/2010. One-third of the RSU vested on 3/10/2012 and was converted to common stock on a one-for-one basis on the vesting date.
F4: The shares represent the partial settlement under a RSU award granted 3/9/2011. One-third of the RSU vested on 3/10/2012 and was converted to common stock on a one-for-one basis on the vesting date.