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: Langevin Eric T (EVP & Co-COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-03-10	Common Stock	M	2618	—	Acquired	37205	Direct
2019-03-10	Common Stock	F	885	$85.97	Disposed	36320	Direct
2019-03-10	Common Stock	M	670	—	Acquired	36990	Direct
2019-03-10	Common Stock	F	298	$85.97	Disposed	36692	Direct
2019-03-10	Common Stock	M	2676	—	Acquired	39368	Direct
2019-03-10	Common Stock	F	787	$85.97	Disposed	38581	Direct
2019-03-10	Common Stock	M	446	—	Acquired	39027	Direct
2019-03-10	Common Stock	F	199	$85.97	Disposed	38828	Direct
2019-03-10	Common Stock	M	1335	—	Acquired	40163	Direct
2019-03-10	Common Stock	F	593	$85.97	Disposed	39570	Direct
2019-03-10	Common Stock	M	280	—	Acquired	39850	Direct
2019-03-10	Common Stock	F	125	$85.97	Disposed	39725	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-03-10	Restricted Stock Unit	$0.0	M	2618	Disposed	2019-03-31	Common Stock (2618.0)	Direct
2019-03-10	Restricted Stock Unit	$0.0	M	670	Disposed	2019-03-31	Common Stock (670.0)	Direct
2019-03-10	Restricted Stock Unit	$0.0	M	2676	Disposed	2020-04-30	Common Stock (2676.0)	Direct
2019-03-10	Restricted Stock Unit	$0.0	M	446	Disposed	2020-04-30	Common Stock (446.0)	Direct
2019-03-10	Restricted Stock Unit	$0.0	M	1335	Disposed	2021-04-30	Common Stock (1335.0)	Direct
2019-03-10	Restricted Stock Unit	$0.0	M	280	Disposed	2021-04-30	Common Stock (280.0)	Direct

Footnotes

F1: The shares represent the partial settlement under a performance-based RSU award granted March 8, 2016. 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 time-based RSU award granted March 8, 2016. 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 performance-based RSU award granted March 8, 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.

F4: The shares represent the partial settlement under a time-based RSU award granted March 8, 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.

F5: 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.

F6: 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.