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: KRAUSE STACY D. (VP, General Counsel, Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-10	Common Stock	M	500	—	Acquired	1536	Direct
2020-03-10	Common Stock	F	147	$80.37	Disposed	1389	Direct
2020-03-10	Common Stock	M	417	—	Acquired	1806	Direct
2020-03-10	Common Stock	F	123	$80.37	Disposed	1683	Direct
2020-03-10	Common Stock	M	87	—	Acquired	1770	Direct
2020-03-10	Common Stock	F	26	$80.37	Disposed	1744	Direct
2020-03-10	Common Stock	M	648	—	Acquired	2392	Direct
2020-03-10	Common Stock	F	191	$80.37	Disposed	2201	Direct
2020-03-10	Common Stock	M	164	—	Acquired	2365	Direct
2020-03-10	Common Stock	F	49	$80.37	Disposed	2316	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-10	Restricted Stock Unit	$0.0	M	500	Disposed	2020-04-30	Common Stock (500.0)	Direct
2020-03-10	Restricted Stock Unit	$0.0	M	417	Disposed	2021-04-30	Common Stock (417.0)	Direct
2020-03-10	Restricted Stock Unit	$0.0	M	87	Disposed	2021-04-30	Common Stock (87.0)	Direct
2020-03-10	Restricted Stock Unit	$0.0	M	648	Disposed	2022-04-30	Common Stock (648.0)	Direct
2020-03-10	Restricted Stock Unit	$0.0	M	164	Disposed	2022-04-30	Common Stock (164.0)	Direct

Footnotes

F1: The shares represent the partial settlement under a time-based RSU award granted November 15, 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 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.

F3: 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.

F4: 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.

F5: 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.