KENNAMETAL INC — Director's Dealing 2011

Aug 3, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KENNAMETAL INC (kmt)
CIK: 0000055242
Period of Report: 2011-08-01

Reporting Person: BAILEY MARTHA A (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-08-01	Common Stock	M	2160	$38.95	Acquired	2937.9622	Direct
2011-08-01	Common Stock	F	874	$38.95	Disposed	2063.9622	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-08-01	Restricted Stock Units	$	M	2160	Disposed		Common Stock (2160)	Direct
2011-08-01	Restricted Stock Units	$	A	1964	Acquired	2021-07-31	Common Stock (1964)	Direct
2011-08-01	Stock Option - right to buy	$38.95	A	5894	Acquired	2021-07-31	Common Stock (5894)	Direct

Footnotes

F1: Includes 594 shares held under the Kennametal 401K Plan.

F2: 1-for-1

F3: Restricted Stock Units are subject to time-based vesting and are dispersed in four equal annual installments, commencing on the first anniversary of the grant date subject to continued employment with the company.

F4: Option is exercisable in four equal annual installments, commencing on the first anniversary of the grant date.