KENNAMETAL INC — Director's Dealing 2003

Jul 2, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KENNAMETAL INC (KMT)
CIK: 0000055242
Period of Report: 2003-07-01

Reporting Person: TAMBAKERAS MARKOS I (Director, Chairman, President and Chief)

Footnotes

F1: The amount of securities beneficially owned following reported transaction(s) listed in column 5 of this Form 4 includes 893.4500 shares acquired pursuant to tax-conditioned plans (exempt under Rule 16b-3(c)). Specifically, the amount includes: (a) 287.8950 shares acquired pursuant to the Kennametal Inc. Thrift Plan; (b) 588.2456 shares acquired pursuant to the Kennametal Inc. Employee Stock Purchase Plan; and (c) 17.3094 shares acquired pursuant to a dividend reinvestment feature of the Kennametal Inc. Employee Stock Purchase Plan. (Please note that this footnote would normally be included in column 5. The filing system currently used does not support footnotes to column 5.)

F2: This option vests in three equal annual installments beginning on July 1, 2003.