KENNAMETAL INC — Director's Dealing 2004

Dec 20, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KENNAMETAL INC (KMT)
CIK: 0000055242
Period of Report: 2004-12-20

Reporting Person: GREENFIELD DAVID W (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-12-20	Common Stock	M	2110	$31.365	Acquired	12306.293	Direct
2004-12-20	Common Stock	F	1320	$50.12	Disposed	10986.293	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-12-20	Incentive Stock Option (right to buy)	$31.365	M	2110	Disposed	2011-09-28	Common Stock (2110)	Direct

Footnotes

F1: Includes 53.873 shares acquired pursuant to tax-conditioned plans (exempt under Rule 16b-3(c)).

F2: The option vested in three annual installments on October 1, 2002, October 1, 2003 and October 1, 2004.