KADANT INC — Director's Dealing 2013

Mar 12, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KADANT INC (KAI)
CIK: 0000886346
Period of Report: 2013-03-10

Reporting Person: PAINTER JONATHAN W (Director, PRESIDENT AND CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-03-10	Common Stock	M	14500	—	Acquired	84025	Direct
2013-03-10	Common Stock	F	5581	$26.58	Disposed	78444	Direct
2013-03-10	Common Stock	M	13200	—	Acquired	91644	Direct
2013-03-10	Common Stock	F	6231	$26.58	Disposed	85413	Direct
2013-03-10	Common Stock	M	13295	—	Acquired	98708	Direct
2013-03-10	Common Stock	F	6276	$26.58	Disposed	92432	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-03-10	Restricted Stock Unit	$0.	M	14500	Disposed	2013-03-10	Common Stock (14500)	Direct
2013-03-10	Restricted Stock Unit	$0.	M	26400	Disposed	2014-03-10	Common Stock (13200)	Direct
2013-03-10	Restricted Stock Unit	$0.	M	39885	Disposed	2015-03-10	Common Stock (13295)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3	Indirect

Footnotes

F1: The shares represent the partial settlement under a RSU award granted 3/3/2010. One-third of the RSU vested on 3/10/2013 and was converted to common stock on a one-for-one basis on the vesting date.

F2: The shares represent the partial settlement under a RSU award granted 3/9/2011. One-third of the RSU vested on 3/10/2013 and was converted to common stock on a one-for-one basis on the vesting date.

F3: The shares represent the partial settlement under a RSU award granted 3/7/2012. One-third of the RSU vested on 3/10/2013 and was converted to vested common stock on a one-for-one basis on the vesting date.