KADANT INC — Director's Dealing 2014

Jan 24, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KADANT INC (KAI)
CIK: 0000886346
Period of Report: 2014-01-23

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-23	Common Stock	S	3907	$38.83	Disposed	16318	Direct
2014-01-23	Common Stock	M	1415	$21.91	Acquired	17733	Direct
2014-01-23	Common Stock	S	1415	$38.83	Disposed	17261	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-01-23	Stock Option (Right to Buy)	$21.91	M	1415	Acquired	2022-03-07	Common Stock (1415)	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: Includes 943 shares acquired in an exempt transaction pursuant to the Issuer's ESPP on December 31, 2013.