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: Flynn Peter J. (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-10	Common Stock	M	329	—	Acquired	3197.584	Direct
2020-03-10	Common Stock	F	97	$80.37	Disposed	3100.584	Direct
2020-03-10	Common Stock	M	202	—	Acquired	3302.584	Direct
2020-03-10	Common Stock	F	60	$80.37	Disposed	3242.584	Direct
2020-03-10	Common Stock	M	284	—	Acquired	3526.584	Direct
2020-03-10	Common Stock	F	84	$80.37	Disposed	3442.584	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-10	Restricted Stock Unit	$0.0	M	329	Disposed	2020-04-30	Common Stock (329.0)	Direct
2020-03-10	Restricted Stock Unit	$0.0	M	202	Disposed	2021-04-30	Common Stock (202.0)	Direct
2020-03-10	Restricted Stock Unit	$0.0	M	284	Disposed	2022-04-30	Common Stock (284.0)	Direct

Footnotes

F1: 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.

F2: 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.

F3: 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.