KADANT INC — Director's Dealing 2014

Dec 24, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KADANT INC (KAI)
CIK: 0000886346
Period of Report: 2014-12-22

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-12-22	Common Stock	M	938	$14.17	Acquired	15574	Direct
2014-12-22	Common Stock	S	938	$42.99	Disposed	14636	Direct
2014-12-23	Common Stock	S	4000	$42.99	Disposed	10636	Direct
2014-12-22	Common Stock	M	4062	$14.17	Acquired	14698	Direct
2014-12-23	Common Stock	S	4062	$42.99	Disposed	10636	Direct
2014-12-23	Common Stock	S	1017	$44.05	Disposed	9619	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-12-22	Stock Option (Right to Buy)	$14.17	M	938	Disposed	2020-03-03	Common Stock (938.0)	Direct
2014-12-23	Stock Option (Right to Buy)	$14.17	M	4062	Disposed	2020-03-03	Common Stock (4062.0)	Direct

Footnotes

F1: The transaction reported on this Form 4 was executed pursuant to a Rule 10b-5-1 Trading Plan adopted March 21, 2014

F2: This stock option vested and became exercisable in three annual installments beginning on March 3, 2011, provided the reporting person is employed by the issuer on the vesting date, and is fully vested and exercisable.