KADANT INC — Director's Dealing 2019

May 20, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KADANT INC (KAI)
CIK: 0000886346
Period of Report: 2019-05-16

Reporting Person: PAINTER JONATHAN W (Director, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-05-16	Common Stock	M	8120	$14.17	Acquired	101437	Direct
2019-05-16	Common Stock	S	8120	$88.8512	Disposed	93317	Direct
2019-05-17	Common Stock	M	1976	$14.17	Acquired	95293	Direct
2019-05-17	Common Stock	S	1976	$88.2092	Disposed	93317	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-05-16	Stock Option (Right to Buy)	$14.17	M	8120	Disposed	2020-03-03	Common Stock (8120.0)	Direct
2019-05-17	Stock Option (Right to Buy)	$14.17	M	1976	Disposed	2020-03-03	Common Stock (1976.0)	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 March 19, 2019.

F2: Represents the weighted average sale price. The actual sales prices range from $88.10 to $89.39 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 $88.14 to $88.39 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: This stock option is fully vested.