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: TAMBAKERAS MARKOS I (Director, Chairman, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-07-27	Common Stock	A	8300	—	Acquired	285815.9507	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	36100	Acquired	2014-07-26	Common Stock (36100)	Direct

Footnotes

F1: The amount of securities beneficially owned following reported transaction(s) listed in column 5 of Table I includes 154.7982 shares acquired pursuant to tax-conditioned plans (exempt under Rule 16b-3(c)).

F2: Not applicable.

F3: Option is exercisable in three equal annual installments, commencing on the first anniversary of the grant date.