KADANT INC — Director's Dealing 2014

Mar 12, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KADANT INC (KAI)
CIK: 0000886346
Period of Report: 2014-03-10

Reporting Person: LAMBERT SANDRA L (VP, GENERAL COUNSEL, SECRETARY)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-10	Common Stock	M	515	$21.91	Acquired	20663	Direct
2014-03-10	Common Stock	S	515	$40	Disposed	20148	Direct
2014-03-10	Common Stock	M	1396	$24.90	Acquired	21544	Direct
2014-03-10	Common Stock	S	1396	$39364	Disposed	20148	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-03-10	Stock Option (Right to Buy)	$24.90	M	1396	Disposed	2021-03-09	Common Stock (1396)	Direct
2014-03-10	Stock Option (Right to Buy)	$21.91	M	515	Disposed	2022-03-07	Common Stock (515)	Direct

Footnotes

F1: The transactions reported on this Form 4 were executed pursuant to a Rule 10-b-5-1 trading plan adopted December 23, 2013.

F2: Represents the weighted average sale price. The actual sales prices range from $39.057 to $39.54 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 price upon request.