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: Powell Jeffrey L (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-10	Common Stock	M	3150	—	Acquired	20716	Direct
2020-03-10	Common Stock	F	1398	$80.37	Disposed	19318	Direct
2020-03-10	Common Stock	M	525	—	Acquired	19843	Direct
2020-03-10	Common Stock	F	233	$80.37	Disposed	19610	Direct
2020-03-10	Common Stock	M	2002	—	Acquired	21612	Direct
2020-03-10	Common Stock	F	888	$80.37	Disposed	20724	Direct
2020-03-10	Common Stock	M	419	—	Acquired	21143	Direct
2020-03-10	Common Stock	F	186	$80.37	Disposed	20957	Direct
2020-03-10	Common Stock	M	4031	—	Acquired	24988	Direct
2020-03-10	Common Stock	F	1528	$80.37	Disposed	23460	Direct
2020-03-10	Common Stock	M	1021	—	Acquired	24481	Direct
2020-03-10	Common Stock	F	453	$80.37	Disposed	24028	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-10	Restricted Stock Unit	$0.0	M	3150	Disposed	2020-04-30	Common Stock (3150.0)	Direct
2020-03-10	Restricted Stock Unit	$0.0	M	525	Disposed	2020-04-30	Common Stock (525.0)	Direct
2020-03-10	Restricted Stock Unit	$0.0	M	2002	Disposed	2021-04-30	Common Stock (2002.0)	Direct
2020-03-10	Restricted Stock Unit	$0.0	M	419	Disposed	2021-04-30	Common Stock (419.0)	Direct
2020-03-10	Restricted Stock Unit	$0.0	M	4031	Disposed	2022-04-30	Common Stock (4031.0)	Direct
2020-03-10	Restricted Stock Unit	$0.0	M	1021	Disposed	2022-04-30	Common Stock (1021.0)	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, 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, 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.

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, 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 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.