KENNAMETAL INC — Director's Dealing 2003

Jul 31, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: YOST LARRY D (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-07-29	Stock Option (right to buy)	$38.71	A	4500	Acquired	2013-07-28	Common Stock (4500)	Direct

Footnotes

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