KENNAMETAL INC — Director's Dealing 2008

Sep 2, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KENNAMETAL INC (KMT)
CIK: 0000055242
Period of Report: 2008-08-29

Reporting Person: HELD A PETER (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-08-29	Common Stock	M	4000	$13.2	Acquired	17544.126	Direct
2008-08-29	Common Stock	S	4000	$35.4	Disposed	13544.126	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-08-29	Non-Qualified Stock Option (right to buy)	$13.2	M	4000	Disposed	2010-01-31	Common Stock (4000)	Direct

Footnotes

F1: This price is a weighted average price. The range of prices for the transactions is $35.29 to $35.49. Full information regarding the number of shares sold at each separate price will be provided upon request.