KENNAMETAL INC — Director's Dealing 2004

Jun 25, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KENNAMETAL INC (KMT)
CIK: 0000055242
Period of Report: 2004-06-24

Reporting Person: BAGLEY R DANIEL (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-06-24	Common Stock	F	392	$45.53	Disposed	7263.6455	Direct

Footnotes

F1: The amount of securities beneficially owned following reported transaction(s) listed in column 5 of Table I includes 438.5373 shares acquired pursuant to tax-conditioned plans (exempt under Rule 16b-3(c)). Specifically, the amount includes: (a) 326.183 shares acquired pursuant to the Kennametal Inc. Thrift Plan and (b) 112.3543 shares acquired pursuant to the Kennametal Inc. Dividend Reinvestment and Stock Purchase Plan.