KADANT INC — Director's Dealing 2019

May 16, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KADANT INC (KAI)
CIK: 0000886346
Period of Report: 2019-05-14

Reporting Person: MCKENNEY MICHAEL J (EXECUTIVE VICE PRESIDENT & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-05-14	Common Stock	M	2261	$14.17	Acquired	17318.009	Direct
2019-05-14	Common Stock	S	2261	$86.1213	Disposed	15057.009	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-05-14	Stock Option (Right to Buy)	$14.17	M	2261	Disposed	2020-03-03	Common Stock (2261.0)	Direct

Footnotes

F1: The transactions reported on this Form 4 were executed pursuant to a Rule 10b5-1 trading plan adopted March 29, 2019.

F2: Represents the weighted average sale price. The actual sales prices range from $85.87 to $86.36 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: This stock option is fully vested.