KENNAMETAL INC — Director's Dealing 2004

Jul 28, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KENNAMETAL INC (KMT)
CIK: 0000055242
Period of Report: 2004-07-27

Reporting Person: HIBBARD TIMOTHY A (Corporate Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-07-27	Common Stock	A	600	—	Acquired	7660.3184	Direct
2004-07-27	Common Stock	A	538	—	Acquired	8198.3184	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-07-27	Employee Stock Option (right to buy)	$40.975	A	2800	Acquired	2014-07-26	Common Stock (2800)	Direct

Footnotes

F1: The amount of securities beneficially owned following reported transaction(s) listed in column 5 of Table I includes 119.9145 shares acquired pursuant to tax-conditioned plans (exempt under Rule 16b-3(c)).

F2: Not applicable.

F3: The Reporting Person received the reported Common Stock in lieu of a cash bonus otherwise payable to the Reporting Person pursuant to the Kennametal Inc. Performance Bonus Stock Plan of 1995.

F4: Option is exercisable in three equal annual installments, commencing on the first anniversary of the grant date.