KADANT INC — Director's Dealing 2016

Mar 11, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KADANT INC (KAI)
CIK: 0000886346
Period of Report: 2016-03-10

Reporting Person: PAINTER JONATHAN W (Director, PRESIDENT AND CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-03-10	Common Stock	M	12369	—	Acquired	79274	Direct
2016-03-10	Common Stock	F	5505	$42.20	Disposed	73769	Direct
2016-03-10	Common Stock	M	8604	—	Acquired	82373	Direct
2016-03-10	Common Stock	F	4049	$42.20	Disposed	78324	Direct
2016-03-10	Common Stock	M	2140	—	Acquired	80464	Direct
2016-03-10	Common Stock	F	1007	$42.20	Disposed	79457	Direct
2016-03-10	Common Stock	M	7344	—	Acquired	86801	Direct
2016-03-10	Common Stock	F	3456	$42.20	Disposed	83345	Direct
2016-03-10	Common Stock	M	1874	—	Acquired	85219	Direct
2016-03-10	Common Stock	F	882	$42.20	Disposed	84337	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-03-10	Restricted Stock Unit	$0.0	M	12369	Disposed	2016-03-10	Common Stock (12369.0)	Direct
2016-03-10	Restricted Stock Unit	$0.0	M	8604	Disposed	2017-03-10	Common Stock (8604.0)	Direct
2016-03-10	Restricted Stock Unit	$0.0	M	2140	Disposed	2017-03-10	Common Stock (2140.0)	Direct
2016-03-10	Restricted Stock Unit	$0.0	M	7344	Disposed	2018-03-10	Common Stock (7344.0)	Direct
2016-03-10	Restricted Stock Unit	$0.0	M	1874	Disposed	2018-03-10	Common Stock (1874.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3	Indirect

Footnotes

F1: The shares represent the partial settlement under a performance-based RSU award granted March 6, 2013. One-third of the RSU vested and became distributable on March 10, 2016 and was converted to common stock on a one-for-one basis on the vesting date.

F2: The shares represent the partial settlement under a performance-based RSU award granted March 5, 2014. One-third of the RSU vested and became distributable on March 10, 2016 and was converted to common stock on a one-for-one basis on the vesting date.

F3: The shares represent the partial settlement under a time-based RSU award granted March 5, 2014. One-third of the RSU vested and became distributable on March 10, 2016 and was converted to common stock on a one-for-one basis on the vesting date.

F4: The shares represent the partial settlement under a performance-based RSU award granted March 9, 2015. One-third of the RSU vested and became distributable on March 10, 2016 and was converted to common stock on a one-for-one basis on the vesting date.

F5: The shares represent the partial settlement under a time-based RSU award granted March 9, 2015. One-third of the RSU vested and became distributable on March 10, 2016 and was converted to common stock on a one-for-one basis on the vesting date.