KENNAMETAL INC — Director's Dealing 2012

Jan 31, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KENNAMETAL INC (kmt)
CIK: 0000055242
Period of Report: 2012-01-30

Reporting Person: BAILEY MARTHA A (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-30	Common Stock	M	684	$29.6	Acquired	2767.4252	Direct
2012-01-30	Common Stock	M	2132	$26.89	Acquired	4899.4252	Direct
2012-01-30	Common Stock	M	733	$21.48	Acquired	5632.4252	Direct
2012-01-30	Common Stock	S	684	$43.2	Disposed	4948.4252	Direct
2012-01-30	Common Stock	S	1932	$43.3	Disposed	3016.4252	Direct
2012-01-30	Common Stock	S	200	$43.303	Disposed	2816.4252	Direct
2012-01-30	Common Stock	S	33	$43.24	Disposed	2783.4252	Direct
2012-01-30	Common Stock	S	100	$43.25	Disposed	2683.4252	Direct
2012-01-30	Common Stock	S	600	$43.26	Disposed	2083.4252	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-30	Stock Option (right to buy)	$29.6	M	684	Disposed	2018-08-01	Common Stock (684)	Direct
2012-01-30	Stock Option (right to buy)	$26.89	M	2132	Disposed	2020-08-01	Common Stock (2132)	Direct
2012-01-30	Stock Option (right to buy)	$21.48	M	733	Disposed	2019-08-01	Common Stock (733)	Direct

Footnotes

F1: Includes 613.4252 shares held under the Kennametal 401K Plan.

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