KADANT INC — Director's Dealing 2018

Jul 3, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KADANT INC (KAI)
CIK: 0000886346
Period of Report: 2018-07-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-07-01	Common Stock	M	1168	—	Acquired	16963	Direct
2018-07-01	Common Stock	F	520	$96.15	Disposed	16443	Direct
2018-07-01	Common Stock	M	299	—	Acquired	16742	Direct
2018-07-01	Common Stock	F	133	$96.15	Disposed	16609	Direct
2018-07-01	Common Stock	M	2388	—	Acquired	18997	Direct
2018-07-01	Common Stock	F	1062	$96.15	Disposed	17935	Direct
2018-07-01	Common Stock	M	398	—	Acquired	18333	Direct
2018-07-01	Common Stock	F	177	$96.15	Disposed	18156	Direct
2018-07-01	Common Stock	M	943	—	Acquired	19099	Direct
2018-07-01	Common Stock	F	420	$96.15	Disposed	18679	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-07-01	Restricted Stock Unit	$0.0	M	1168	Disposed		Common Stock (1168.0)	Direct
2018-07-01	Restricted Stock Unit	$0.0	M	299	Disposed		Common Stock (299.0)	Direct
2018-07-01	Restricted Stock Unit	$0.0	M	2388	Disposed		Common Stock (2388.0)	Direct
2018-07-01	Restricted Stock Unit	$0.0	M	398	Disposed		Common Stock (398.0)	Direct
2018-07-01	Restricted Stock Unit	$0.0	M	943	Disposed		Common Stock (943.0)	Direct

Footnotes

F1: The shares represent the settlement under a performance-based Restricted Stock Unit ("RSU") award granted March 8, 2016. Pursuant to the terms of an executive transition agreement between the reporting person and the Issuer dated September 20, 2017 ("Transition Agreement"), the vesting of the reporting person's outstanding RSUs was accelerated, such that the RSUs vested and became distributable in full on July 1, 2018, the termination date of the reporting person. The shares of common stock underlying such RSUs were converted to common stock on a one-for-one basis on the vesting date.

F2: The shares represent the settlement under a time-based RSU award granted March 8, 2016. Pursuant to the terms of the Transition Agreement, the vesting of the reporting person's outstanding RSUs was accelerated, such that the RSUs vested and became distributable in full on July 1, 2018, the termination date of the reporting person. The shares of common stock underlying such RSUs were converted to common stock on a one-for-one basis on the vesting date.

F3: The shares represent the settlement under a performance-based RSU award granted March 8, 2017. Pursuant to the terms of the Transition Agreement, the vesting of the reporting person's outstanding RSUs was accelerated, such that the RSUs vested and became distributable in full on July 1, 2018, the termination date of the reporting person. The shares of common stock underlying such RSUs were converted to common stock on a one-for-one basis on the vesting date.

F4: The shares represent the settlement under a time-based RSU award granted March 8, 2017. Pursuant to the terms of the Transition Agreement, the vesting of the reporting person's outstanding RSUs was accelerated, such that the RSUs vested and became distributable in full on July 1, 2018, the termination date of the reporting person. The shares of common stock underlying such RSUs were converted to common stock on a one-for-one basis on the vesting date.

F5: The shares represent the settlement under a time-based RSU award granted March 7, 2018. Pursuant to the terms of the Transition Agreement, the vesting of the reporting person's outstanding RSUs was accelerated, such that the RSUs vested and became distributable in full on July 1, 2018, the termination date of the reporting person. The shares of common stock underlying such RSUs were converted to common stock on a one-for-one basis on the vesting date.