KADANT INC — Director's Dealing 2017

Mar 10, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KADANT INC (KAI)
CIK: 0000886346
Period of Report: 2017-03-08

Reporting Person: Langevin Eric T (EXECUTIVE VICE PRESIDENT, COO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-03-08	Restricted Stock Unit	$0.0	A	5353	Acquired	2020-04-30	Common Stock (5353.0)	Direct
2017-03-08	Restricted Stock Unit	$0.0	A	1338	Acquired	2020-04-30	Common Stock (1338.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	29072	Direct

Footnotes

F1: Includes 615 shares acquired in an exempt transaction pursuant to the Issuer's Employee Stock Purchase Plan on December 31, 2016.

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, 2018, provided that the Issuer meets certain performance requirements for fiscal 2017 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, 2018, provided the reporting person is employed by the Issuer on the vesting date.