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: MCKENNEY MICHAEL J (EXECUTIVE VICE PRESIDENT & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-03-10	Common Stock	M	1201	—	Acquired	13074.009	Direct
2019-03-10	Common Stock	F	354	$85.97	Disposed	12720.009	Direct
2019-03-10	Common Stock	M	308	—	Acquired	13028.009	Direct
2019-03-10	Common Stock	F	91	$85.97	Disposed	12937.009	Direct
2019-03-10	Common Stock	M	1365	—	Acquired	14302.009	Direct
2019-03-10	Common Stock	F	402	$85.97	Disposed	13900.009	Direct
2019-03-10	Common Stock	M	228	—	Acquired	14128.009	Direct
2019-03-10	Common Stock	F	68	$85.97	Disposed	14060.009	Direct
2019-03-10	Common Stock	M	1169	—	Acquired	15229.009	Direct
2019-03-10	Common Stock	F	344	$85.97	Disposed	14885.009	Direct
2019-03-10	Common Stock	M	245	—	Acquired	15130.009	Direct
2019-03-10	Common Stock	F	73	$85.97	Disposed	15057.009	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-03-10	Restricted Stock Unit	$0.0	M	1201	Disposed	2019-03-31	Common Stock (1201.0)	Direct
2019-03-10	Restricted Stock Unit	$0.0	M	308	Disposed	2019-03-31	Common Stock (308.0)	Direct
2019-03-10	Restricted Stock Unit	$0.0	M	1365	Disposed	2020-04-30	Common Stock (1365.0)	Direct
2019-03-10	Restricted Stock Unit	$0.0	M	228	Disposed	2020-04-30	Common Stock (228.0)	Direct
2019-03-10	Restricted Stock Unit	$0.0	M	1169	Disposed	2021-04-30	Common Stock (1169.0)	Direct
2019-03-10	Restricted Stock Unit	$0.0	M	245	Disposed	2021-04-30	Common Stock (245.0)	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.