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: SELWOOD DEBORAH (Senior Vice President & CAO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-10	Common Stock	M	479	—	Acquired	14546	Direct
2020-03-10	Common Stock	F	141	$80.37	Disposed	14405	Direct
2020-03-10	Common Stock	M	79	—	Acquired	14484	Direct
2020-03-10	Common Stock	F	24	$80.37	Disposed	14460	Direct
2020-03-10	Common Stock	M	334	—	Acquired	14794	Direct
2020-03-10	Common Stock	F	99	$80.37	Disposed	14695	Direct
2020-03-10	Common Stock	M	70	—	Acquired	14765	Direct
2020-03-10	Common Stock	F	21	$80.37	Disposed	14744	Direct
2020-03-10	Common Stock	M	448	—	Acquired	15192	Direct
2020-03-10	Common Stock	F	132	$80.37	Disposed	15060	Direct
2020-03-10	Common Stock	M	114	—	Acquired	15174	Direct
2020-03-10	Common Stock	F	34	$80.37	Disposed	15140	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-10	Restricted Stock Unit	$0.0	M	479	Disposed	2020-04-30	Common Stock (479.0)	Direct
2020-03-10	Restricted Stock Unit	$0.0	M	79	Disposed	2020-04-30	Common Stock (79.0)	Direct
2020-03-10	Restricted Stock Unit	$0.0	M	334	Disposed	2021-04-30	Common Stock (334.0)	Direct
2020-03-10	Restricted Stock Unit	$0.0	M	70	Disposed	2021-04-30	Common Stock (70.0)	Direct
2020-03-10	Restricted Stock Unit	$0.0	M	448	Disposed	2022-04-30	Common Stock (448.0)	Direct
2020-03-10	Restricted Stock Unit	$0.0	M	114	Disposed	2022-04-30	Common Stock (114.0)	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.