KENNAMETAL INC — Director's Dealing 2003

Nov 26, 2003

SEC Form 4/A — Form 4/A

Issuer: KENNAMETAL INC (KMT)
CIK: 0000055242
Period of Report: 2003-11-25

Reporting Person: DEFEO RONALD M (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-11-25	stock credits	$0	A	19.22	Acquired		common stock (19.22)	Direct

Footnotes

F1: On November 25, 2003, pursuant to the Directors Stock Incentive Plan, Kennametal Inc. granted the reporting person 311.2806 of stock credits. A Form 4 to report the transaction was timely filed, but due to a clerical error, 19.22 of stock credits were not reflected in the total.

F2: The stock credits become payable, in cash or common stock, at the election of the reporting person, in the event of any change in control of the company, or upon the reporting person's termination of service as a director.