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: Langevin Eric T (Executive Vice President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-10	Common Stock	M	2676	—	Acquired	51282	Direct
2020-03-10	Common Stock	F	1187	$80.37	Disposed	50095	Direct
2020-03-10	Common Stock	M	446	—	Acquired	50541	Direct
2020-03-10	Common Stock	F	198	$80.37	Disposed	50343	Direct
2020-03-10	Common Stock	M	1335	—	Acquired	51678	Direct
2020-03-10	Common Stock	F	593	$80.37	Disposed	51085	Direct
2020-03-10	Common Stock	M	280	—	Acquired	51365	Direct
2020-03-10	Common Stock	F	125	$80.37	Disposed	51240	Direct
2020-03-10	Common Stock	M	1433	—	Acquired	52673	Direct
2020-03-10	Common Stock	F	636	$80.37	Disposed	52037	Direct
2020-03-10	Common Stock	M	363	—	Acquired	52400	Direct
2020-03-10	Common Stock	F	161	$80.37	Disposed	52239	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-10	Restricted Stock Unit	$0.0	M	2676	Disposed	2020-04-30	Common Stock (2676.0)	Direct
2020-03-10	Restricted Stock Unit	$0.0	M	446	Disposed	2020-04-30	Common Stock (446.0)	Direct
2020-03-10	Restricted Stock Unit	$0.0	M	1335	Disposed	2021-04-30	Common Stock (1335.0)	Direct
2020-03-10	Restricted Stock Unit	$0.0	M	280	Disposed	2021-04-30	Common Stock (280.0)	Direct
2020-03-10	Restricted Stock Unit	$0.0	M	1433	Disposed	2022-04-30	Common Stock (1433.0)	Direct
2020-03-10	Restricted Stock Unit	$0.0	M	363	Disposed	2022-04-30	Common Stock (363.0)	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.