KADANT INC — Director's Dealing 2019

Mar 12, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KADANT INC (KAI)
CIK: 0000886346
Period of Report: 2019-03-10

Reporting Person: KRAUSE STACY D. (VP, General Counsel, Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-03-10	Common Stock	M	501	—	Acquired	827	Direct
2019-03-10	Common Stock	F	148	$85.97	Disposed	679	Direct
2019-03-10	Common Stock	M	418	—	Acquired	1097	Direct
2019-03-10	Common Stock	F	123	$85.97	Disposed	974	Direct
2019-03-10	Common Stock	M	88	—	Acquired	1062	Direct
2019-03-10	Common Stock	F	26	$85.97	Disposed	1036	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-03-10	Restricted Stock Unit	$0.0	M	501	Disposed	2020-04-30	Common Stock (501.0)	Direct
2019-03-10	Restricted Stock Unit	$0.0	M	418	Disposed	2021-04-30	Common Stock (418.0)	Direct
2019-03-10	Restricted Stock Unit	$0.0	M	88	Disposed	2021-04-30	Common Stock (88.0)	Direct

Footnotes

F1: The shares represent the partial settlement under a time-based RSU award granted November 15, 2017. One-third of the RSU vested and became distributable on March 10, 2019 and was converted to common stock on a one-for-one basis on the vesting date.

F2: The shares represent the partial settlement under a performance-based RSU award granted March 7, 2018. One-third of the RSU vested and became distributable on March 10, 2019 and was converted to common stock on a one-for-one basis on the vesting date.

F3: The shares represent the partial settlement under a time-based RSU award granted March 7, 2018. One-third of the RSU vested and became distributable on March 10, 2019 and was converted to common stock on a one-for-one basis on the vesting date.