KENNAMETAL INC — Director's Dealing 2007

Jan 3, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KENNAMETAL INC (KMT)
CIK: 0000055242
Period of Report: 2007-01-01

Reporting Person: MORRISON JAMES E (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-01-01	Common Stock	M	849.9231	—	Acquired	17122.0156	Direct
2007-01-01	Common Stock	F	333	$59.105	Disposed	16789.0156	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-01-01	Stock Credits	$	M	849.9231	Disposed		Common Stock (849.9231)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11.331	Indirect

Footnotes

F1: 1-for-1

F2: 01/01/07

F3: Includes 145.0002 stock credits acquired pursuant to a dividend reinvestment feature of the Kennametal Inc. Performance Bonus Stock Plan of 1995, the terms of which are substantially similar to the Dividend Reinvestment Plan available to Kennametal's shareholders (exempt pursuant to Rule 16a-11 of the Securities Exchange Act of 1934).