KADANT INC — Director's Dealing 2019

Nov 8, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KADANT INC (KAI)
CIK: 0000886346
Period of Report: 2019-11-06

Reporting Person: PAINTER JONATHAN W (Director, Exec. Chairman of the Board)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-11-06	Common Stock	M	813	$24.90	Acquired	94130	Direct
2019-11-06	Common Stock	S	813	$97.2293	Disposed	93317	Direct
2019-11-06	Common Stock	M	6200	$21.91	Acquired	99517	Direct
2019-11-06	Common Stock	S	6200	$97.0244	Disposed	93317	Direct
2019-11-07	Common Stock	M	3000	$21.91	Acquired	96317	Direct
2019-11-07	Common Stock	S	3000	$97.7872	Disposed	93317	Direct
2019-11-07	Common Stock	M	4300	$21.91	Acquired	97617	Direct
2019-11-07	Common Stock	S	4300	$98.889	Disposed	93317	Direct
2019-11-07	Common Stock	M	206	$21.91	Acquired	93523	Direct
2019-11-07	Common Stock	S	206	$99.3097	Disposed	93317	Direct
2019-11-08	Common Stock	M	400	$21.91	Acquired	93717	Direct
2019-11-08	Common Stock	S	400	$98.47	Disposed	93317	Direct
2019-11-08	Common Stock	M	794	$21.91	Acquired	94111	Direct
2019-11-08	Common Stock	S	794	$99.7777	Disposed	93317	Direct
2019-11-08	Common Stock	M	100	$21.91	Acquired	93417	Direct
2019-11-08	Common Stock	S	100	$100.35	Disposed	93317	Direct
2019-11-08	Common Stock	M	5100	$21.91	Acquired	98417	Direct
2019-11-08	Common Stock	S	5100	$100.1578	Disposed	93317	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-11-06	Stock Option (Right to Buy)	$24.9	M	813	Disposed	2021-03-09	Common Stock (813.0)	Direct
2019-11-06	Stock Option (Right to Buy)	$21.91	M	6200	Disposed	2022-03-07	Common Stock (6200.0)	Direct
2019-11-07	Stock Option (Right to Buy)	$21.91	M	7506	Disposed	2022-03-07	Common Stock (7506.0)	Direct
2019-11-08	Stock Option (Right to Buy)	$21.91	M	1294	Disposed	2022-03-07	Common Stock (1294.0)	Direct
2019-11-08	Stock Option (Right to Buy)	$21.91	M	5100	Disposed	2022-03-07	Common Stock (5100.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3	Indirect

Footnotes

F1: The transactions reported on this Form 4 were executed pursuant to a Rule 10b5-1 trading plan adopted May 20, 2019.

F2: Represents the weighted average sale price. The actual sales prices range from $96.89 to $97.76 per share. The reporting person will supply the SEC, the Issuer, or a security holder of the Issuer, with full information regarding the number of shares at each price upon request.

F3: Represents the weighted average sale price. The actual sales prices range from $96.78 to $97.50 per share. The reporting person will supply the SEC, the Issuer, or a security holder of the Issuer, with full information regarding the number of shares at each price upon request.

F4: Represents the weighted average sale price. The actual sales prices range from $97.28 to $98.235 per share. The reporting person will supply the SEC, the Issuer, or a security holder of the Issuer, with full information regarding the number of shares at each price upon request.

F5: Represents the weighted average sale price. The actual sales prices range from $98.29 to $99.27 per share. The reporting person will supply the SEC, the Issuer, or a security holder of the Issuer, with full information regarding the number of shares at each price upon request.

F6: Represents the weighted average sale price. The actual sales prices range from $99.2975 to $99.3225 per share. The reporting person will supply the SEC, the Issuer, or a security holder of the Issuer, with full information regarding the number of shares at each price upon request.

F7: Represents the weighted average sale price. The actual sales prices range from $98.01 to $98.96 per share. The reporting person will supply the SEC, the Issuer, or a security holder of the Issuer, with full information regarding the number of shares at each price upon request.

F8: Represents the weighted average sale price. The actual sales prices range from $99.32 to $100.20 per share. The reporting person will supply the SEC, the Issuer, or a security holder of the Issuer, with full information regarding the number of shares at each price upon request.

F9: Represents the weighted average sale price. The actual sales prices range from $99.55 to $100.52 per share. The reporting person will supply the SEC, the Issuer, or a security holder of the Issuer, with full information regarding the number of shares at each price upon request.

F10: This stock option is fully vested.