KADANT INC — Director's Dealing 2019

Nov 5, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KADANT INC (KAI)
CIK: 0000886346
Period of Report: 2019-11-04

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-11-04	Common Stock	M	1100	$24.90	Acquired	94417	Direct
2019-11-04	Common Stock	S	1100	$93.1673	Disposed	93317	Direct
2019-11-04	Common Stock	M	1100	$24.90	Acquired	94417	Direct
2019-11-04	Common Stock	S	1100	$94.4627	Disposed	93317	Direct
2019-11-04	Common Stock	M	2191	$24.90	Acquired	95508	Direct
2019-11-04	Common Stock	S	2191	$95.7482	Disposed	93317	Direct
2019-11-04	Common Stock	M	1009	$24.90	Acquired	94326	Direct
2019-11-04	Common Stock	S	1009	$96.31	Disposed	93317	Direct
2019-11-04	Common Stock	M	1200	$24.90	Acquired	94517	Direct
2019-11-04	Common Stock	S	1200	$96.0783	Disposed	93317	Direct
2019-11-05	Common Stock	M	1000	$24.90	Acquired	94317	Direct
2019-11-05	Common Stock	S	1000	$96.055	Disposed	93317	Direct
2019-11-05	Common Stock	M	5000	$24.90	Acquired	98317	Direct
2019-11-05	Common Stock	S	5000	$97.2166	Disposed	93317	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-11-04	Stock Option (Right to Buy)	$24.9	M	1100	Disposed	2021-03-09	Common Stock (1100.0)	Direct
2019-11-04	Stock Option (Right to Buy)	$24.9	M	1100	Disposed	2021-03-09	Common Stock (1100.0)	Direct
2019-11-04	Stock Option (Right to Buy)	$24.9	M	2191	Disposed	2021-03-09	Common Stock (2191.0)	Direct
2019-11-04	Stock Option (Right to Buy)	$24.9	M	1009	Disposed	2021-03-09	Common Stock (1009.0)	Direct
2019-11-04	Stock Option (Right to Buy)	$24.9	M	1200	Disposed	2021-03-09	Common Stock (1200.0)	Direct
2019-11-05	Stock Option (Right to Buy)	$24.9	M	1000	Disposed	2021-03-09	Common Stock (1000.0)	Direct
2019-11-05	Stock Option (Right to Buy)	$24.9	M	5000	Disposed	2021-03-09	Common Stock (5000.0)	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 $92.71 to $93.64 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 $93.96 to $94.95 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 $95.22 to $96.20 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.

F5: Represents the weighted average sale price. The actual sales prices range from $96.24 to $96.51 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 $95.90 to $96.14 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 $95.50 to $96.50 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.

F8: Represents the weighted average sale price. The actual sales prices range from $96.74 to $97.57 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: This stock option is fully vested.