KENNAMETAL INC — Director's Dealing 2011

Feb 4, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KENNAMETAL INC (kmt)
CIK: 0000055242
Period of Report: 2011-02-03

Reporting Person: DEFEO RONALD M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-03	Common Stock	M	8922	$19.58	Acquired	20244	Direct
2011-02-03	Common Stock	S	8922	$39.609	Disposed	11322	Direct
2011-02-03	Common Stock	M	9078	$19.58	Acquired	20400	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-03	Stock Option (right to buy)	$19.58	M	8922	Disposed	2011-11-20	Common Stock (8922)	Direct
2011-02-03	Stock Option (right to buy)	$19.58	M	9078	Disposed	2011-11-20	Common Stock (9078)	Direct

Footnotes

F1: This price is a weighted average price. The range of prices for transactions was $39.60 - $39.641. Full information regarding the number of shares sold at each separate price will be provided upon request.

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