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KENNAMETAL INC Director's Dealing 2003

Aug 1, 2003

31867_dirs_2003-07-31_1bcb361f-a221-4afa-a752-3726004b9826.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: GREENFIELD DAVID W (Vice President)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2003-07-29 Common Stock A 2750 Acquired 10582.607 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2003-07-29 Stock Credits $0 A 565.0995 Acquired 2008-01-01 Common Stock (565.0995) Direct

Footnotes

F1: The amount of securities beneficially owned following reported transaction(s) listed in this column includes 57.601 shares acquired pursuant to the Kennametal Inc. Thrift Plan (a tax-conditioned plan exempt under Rule 16b-3(c).

F2: The reporting person received the reported stock credits in lieu of a cash bonus otherwise payable to the reporting person pursuant to the Kennametal Inc. Performance Bonus Stock Plan of 1995.

F3: This amount includes 17.7923 of stock credits acquired pursuant to a dividend reinvestment feature of the Kennamtal Inc. Performance Bonus Stock Plan of 1995, the terms of which are substantially similar to the Dividend Reinvestment Plan available to Kennametal's shareholders (exempt pursuant to Rule 16a-11 of the Securities Exchange Act of 1934.