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: PAINTER JONATHAN W (Director, Exec. Chairman of the Board)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-10	Common Stock	M	9488	—	Acquired	29336	Direct
2020-03-10	Common Stock	F	4208	$80.37	Disposed	25128	Direct
2020-03-10	Common Stock	M	1581	—	Acquired	26709	Direct
2020-03-10	Common Stock	F	702	$80.37	Disposed	26007	Direct
2020-03-10	Common Stock	M	5340	—	Acquired	31347	Direct
2020-03-10	Common Stock	F	2369	$80.37	Disposed	28978	Direct
2020-03-10	Common Stock	M	1118	—	Acquired	30096	Direct
2020-03-10	Common Stock	F	496	$80.37	Disposed	29600	Direct
2020-03-10	Common Stock	M	6806	—	Acquired	36406	Direct
2020-03-10	Common Stock	F	3019	$80.37	Disposed	33387	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-10	Restricted Stock Unit	$0.0	M	9488	Disposed	2020-04-30	Common Stock (9488.0)	Direct
2020-03-10	Restricted Stock Unit	$0.0	M	1581	Disposed	2020-04-30	Common Stock (1581.0)	Direct
2020-03-10	Restricted Stock Unit	$0.0	M	5340	Disposed	2021-04-30	Common Stock (5340.0)	Direct
2020-03-10	Restricted Stock Unit	$0.0	M	1118	Disposed	2021-04-30	Common Stock (1118.0)	Direct
2020-03-10	Restricted Stock Unit	$0.0	M	6806	Disposed	2020-04-30	Common Stock (6806.0)	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, 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: This time-based RSU award granted March 4, 2019 vested and became distributable on March 10, 2020.