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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-03-10	Common Stock	M	1363	—	Acquired	20270	Direct
2016-03-10	Common Stock	F	443	$42.20	Disposed	19827	Direct
2016-03-10	Common Stock	M	948	—	Acquired	20775	Direct
2016-03-10	Common Stock	F	308	$42.20	Disposed	20467	Direct
2016-03-10	Common Stock	M	236	—	Acquired	20703	Direct
2016-03-10	Common Stock	F	77	$42.20	Disposed	20626	Direct
2016-03-10	Common Stock	M	808	—	Acquired	21434	Direct
2016-03-10	Common Stock	F	263	$42.20	Disposed	21171	Direct
2016-03-10	Common Stock	M	207	—	Acquired	21378	Direct
2016-03-10	Common Stock	F	68	$42.20	Disposed	21310	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-03-10	Restricted Stock Unit	$0.0	M	1363	Disposed	2016-03-10	Common Stock (1363.0)	Direct
2016-03-10	Restricted Stock Unit	$0.0	M	948	Disposed	2017-03-10	Common Stock (948.0)	Direct
2016-03-10	Restricted Stock Unit	$0.0	M	236	Disposed	2017-03-10	Common Stock (236.0)	Direct
2016-03-10	Restricted Stock Unit	$0.0	M	808	Disposed	2018-03-10	Common Stock (808.0)	Direct
2016-03-10	Restricted Stock Unit	$0.0	M	207	Disposed	2018-03-10	Common Stock (207.0)	Direct

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.