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KADANT INC — Director's Dealing 2014
Mar 7, 2014
31258_dirs_2014-03-07_ab9d5e6d-4455-4442-888e-2136504da432.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: 2014-03-05
Reporting Person: PAINTER JONATHAN W (Director, PRESIDENT AND CEO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-03-05 | Restricted Stock Unit | $0 | A | 25684 | Acquired | 2017-03-10 | Common Stock (25684) | Direct |
| 2014-03-05 | Restricted Stock Unit | $0. | A | 6421 | Acquired | 2017-03-10 | Common Stock (6421) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 60875 | Direct |
| 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, 2015, provided that the Issuer meets certain performance requirements for fiscal 2014 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 RSU vests and becomes exercisable in three equal annual installments beginning on March 10, 2015, provided the reporting person is employed by the Issuer on the vesting date.
F3: Includes 943 shares acquired in an exempt transaction pursuant to the Issuer's ESPP on December 31, 2013.