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: PAINTER JONATHAN W (Director, PRESIDENT AND CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-03-10	Common Stock	M	9281	—	Acquired	86373	Direct
2019-03-10	Common Stock	F	4121	$85.97	Disposed	82252	Direct
2019-03-10	Common Stock	M	2377	—	Acquired	84629	Direct
2019-03-10	Common Stock	F	1056	$85.97	Disposed	83573	Direct
2019-03-10	Common Stock	M	9488	—	Acquired	93061	Direct
2019-03-10	Common Stock	F	4213	$85.97	Disposed	88848	Direct
2019-03-10	Common Stock	M	1581	—	Acquired	90429	Direct
2019-03-10	Common Stock	F	702	$85.97	Disposed	89727	Direct
2019-03-10	Common Stock	M	5341	—	Acquired	95068	Direct
2019-03-10	Common Stock	F	2372	$85.97	Disposed	92696	Direct
2019-03-10	Common Stock	M	1118	—	Acquired	93814	Direct
2019-03-10	Common Stock	F	497	$85.97	Disposed	93317	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-03-10	Restricted Stock Unit	$0.0	M	9281	Disposed	2019-03-31	Common Stock (9281.0)	Direct
2019-03-10	Restricted Stock Unit	$0.0	M	2377	Disposed	2019-03-31	Common Stock (2377.0)	Direct
2019-03-10	Restricted Stock Unit	$0.0	M	9488	Disposed	2020-04-30	Common Stock (9488.0)	Direct
2019-03-10	Restricted Stock Unit	$0.0	M	1581	Disposed	2020-04-30	Common Stock (1581.0)	Direct
2019-03-10	Restricted Stock Unit	$0.0	M	5341	Disposed	2021-04-30	Common Stock (5341.0)	Direct
2019-03-10	Restricted Stock Unit	$0.0	M	1118	Disposed	2021-04-30	Common Stock (1118.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3	Indirect

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.