KADANT INC — Director's Dealing 2020

Mar 12, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KADANT INC (KAI)
CIK: 0000886346
Period of Report: 2020-03-10

Reporting Person: MCKENNEY MICHAEL J (Executive Vice President & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-10	Common Stock	M	1365	—	Acquired	16728.009	Direct
2020-03-10	Common Stock	F	401	$80.37	Disposed	16327.009	Direct
2020-03-10	Common Stock	M	227	—	Acquired	16554.009	Direct
2020-03-10	Common Stock	F	76	$80.37	Disposed	16478.009	Direct
2020-03-10	Common Stock	M	1168	—	Acquired	17646.009	Direct
2020-03-10	Common Stock	F	343	$80.37	Disposed	17303.009	Direct
2020-03-10	Common Stock	M	245	—	Acquired	17548.009	Direct
2020-03-10	Common Stock	F	72	$80.37	Disposed	17476.009	Direct
2020-03-10	Common Stock	M	1343	—	Acquired	18819.009	Direct
2020-03-10	Common Stock	F	395	$80.37	Disposed	18424.009	Direct
2020-03-10	Common Stock	M	341	—	Acquired	18765.009	Direct
2020-03-10	Common Stock	F	101	$80.37	Disposed	18664.009	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-10	Restricted Stock Unit	$0.0	M	1365	Disposed	2020-04-30	Common Stock (1365.0)	Direct
2020-03-10	Restricted Stock Unit	$0.0	M	227	Disposed	2020-04-30	Common Stock (227.0)	Direct
2020-03-10	Restricted Stock Unit	$0.0	M	1168	Disposed	2021-04-30	Common Stock (1168.0)	Direct
2020-03-10	Restricted Stock Unit	$0.0	M	245	Disposed	2021-04-30	Common Stock (245.0)	Direct
2020-03-10	Restricted Stock Unit	$0.0	M	1343	Disposed	2022-04-30	Common Stock (1343.0)	Direct
2020-03-10	Restricted Stock Unit	$0.0	M	341	Disposed	2022-04-30	Common Stock (341.0)	Direct

Footnotes

F1: 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, 2020 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, 2017. One-third of the RSU vested and became distributable on March 10, 2020 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 7, 2018. One-third of the RSU vested and became distributable on March 10, 2020 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 7, 2018. One-third of the RSU vested and became distributable on March 10, 2020 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 4, 2019. One-third of the RSU vested and became distributable on March 10, 2020 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 4, 2019. One-third of the RSU vested and became distributable on March 10, 2020 and was converted to common stock on a one-for-one basis on the vesting date.