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KADANT INC — Director's Dealing 2020
Mar 4, 2020
31258_dirs_2020-03-04_306310ea-cef0-4248-a347-f35f4e057dc3.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: KADANT INC (KAI)
CIK: 0000886346
Period of Report: 2020-03-02
Reporting Person: Flynn Peter J. (Vice President)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-03-02 | Common Stock | $0.0 | A | 1762 | Acquired | 2023-04-30 | Common Stock (1762.0) | Direct |
| 2020-03-02 | Common Stock | $0.0 | A | 440 | Acquired | 2023-04-30 | Common Stock (440.0) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 2868.584 | Direct |
Footnotes
F1: Includes 62 shares acquired in an exempt transaction pursuant to the Issuer's Employee Stock Purchase Plan on December 31, 2019.
F2: Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's common stock. The RSU vests and is distributable in three equal installations beginning on March 10, 2021, provided that the Issuer meets certain performance requirements for fiscal 2020 and the reporting person is employed by the Issuer on the vesting date. The maximum number of shares the reporting person may receive is 150% of the RSU amount.
F3: This RSU vests and becomes distributable in three annual installments beginning on March 10, 2021, provided the reporting person is employed by the Issuer on the distribution date.