KENNAMETAL INC — Director's Dealing 2003

Aug 1, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KENNAMETAL INC (KMT)
CIK: 0000055242
Period of Report: 2003-07-29

Reporting Person: LANZA LAWRENCE J (Corporate Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-07-29	Common Stock	A	2000	—	Acquired	5612.359	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-07-29	Employee Stock Option	$38.71	A	2500	Acquired	2013-07-28	Common Stock (2500)	Direct

Footnotes

F1: Option is exercisable in three equal annual installments, commencing on the first anniversary of the grant date.