KENNAMETAL INC — Director's Dealing 2004

Jul 27, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: STRANGHOENER LAWRENCE W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-07-27	Common Stock	A	244	$40.975	Acquired	999	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-07-27	Stock Option (right to buy)	$40.975	A	4500	Acquired	2014-07-26	Common Stock (4500)	Direct

Footnotes

F1: Not applicable.

F2: Option is exercisable in three equal annual installments, commencing on the first anniversary of the grant date.