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KADANT INC — Director's Dealing 2015
Mar 11, 2015
31258_dirs_2015-03-11_52f93e7f-e37a-43c8-8854-6762d048f696.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: 2015-03-09
Reporting Person: MCKENNEY MICHAEL J (VICE PRESIDENT, FINANCE & CAO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-03-09 | Restricted Stock Unit | $0.0 | A | 2477 | Acquired | 2018-03-10 | Common Stock (2477.0) | Direct |
| 2015-03-09 | Restricted Stock Unit | $0.0 | A | 619 | Acquired | 2018-03-10 | Common Stock (619.0) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 12002.009 | Direct |
Footnotes
F1: Includes 616 shares acquired in an exempt transaction pursuant to the Issuer's ESPP on December 31, 2014.
F2: Each Restricted Stock Unit ("RSU") represents the right to receive one share of the issuer's common stock. The RSU vests and is distributable in three equal installations beginning on March 10, 2016, provided that the Issuer meets certain performance requirements for fiscal 2015 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.
F3: This RSU vests and becomes exercisable in three annual installments beginning on March 10, 2016, provided the reporting person is employed by the Issuer on the vesting date.