KADANT INC — Director's Dealing 2020

Jan 6, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KADANT INC (KAI)
CIK: 0000886346
Period of Report: 2020-01-02

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-02	Common Stock	S	4000	$105.1355	Disposed	89317	Direct
2020-01-02	Common Stock	S	2200	$106.098	Disposed	87117	Direct
2020-01-02	Common Stock	S	966	$106.8544	Disposed	86151	Direct
2020-01-03	Common Stock	S	1600	$106.0708	Disposed	84551	Direct
2020-01-03	Common Stock	S	2897	$107.1406	Disposed	81654	Direct
2020-01-03	Common Stock	S	1203	$107.9405	Disposed	80451	Direct
2020-01-06	Common Stock	S	800	$107.57	Disposed	79651	Direct
2020-01-06	Common Stock	S	2868	$108.2747	Disposed	77089	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3	Indirect

Footnotes

F1: The transactions reported on this Form 4 were executed pursuant to a Rule 10b5-1 trading plan adopted November 15, 2019.

F2: Represents the weighted average sale price. The actual sales prices range from $104.56 to $105.53 per share. The reporting person will supply the SEC, the Issuer, or a security holder of the Issuer, with full information regarding the number of shares at each price upon request.

F3: Represents the weighted average sale price. The actual sales prices range from $105.64 to $106.52 per share. The reporting person will supply the SEC, the Issuer, or a security holder of the Issuer, with full information regarding the number of shares at each price upon request.

F4: Represents the weighted average sale price. The actual sales prices range from $106.66 to $107.01 per share. The reporting person will supply the SEC, the Issuer, or a security holder of the Issuer, with full information regarding the number of shares at each price upon request.

F5: Represents the weighted average sale price. The actual sales prices range from $105.51 to $106.46 per share. The reporting person will supply the SEC, the Issuer, or a security holder of the Issuer, with full information regarding the number of shares at each price upon request.

F6: Represents the weighted average sale price. The actual sales prices range from $106.60 to $107.58 per share. The reporting person will supply the SEC, the Issuer, or a security holder of the Issuer, with full information regarding the number of shares at each price upon request.

F7: Represents the weighted average sale price. The actual sales prices range from $107.61 to $108.13 per share. The reporting person will supply the SEC, the Issuer, or a security holder of the Issuer, with full information regarding the number of shares at each price upon request.

F8: Represents the weighted average sale price. The actual sales prices range from $107.01 to $108.01 per share. The reporting person will supply the SEC, the Issuer, or a security holder of the Issuer, with full information regarding the number of shares at each price upon request.

F9: Represents the weighted average sale price. The actual sales prices range from $108.03 to $108.67 per share. The reporting person will supply the SEC, the Issuer, or a security holder of the Issuer, with full information regarding the number of shares at each price upon request.

F10: Includes 306 shares acquired in an exempt transaction pursuant to the Issuer's Employee Stock Purchase Plan on December 31, 2019.