KENNAMETAL INC — Director's Dealing 2014

Aug 5, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KENNAMETAL INC (kmt)
CIK: 0000055242
Period of Report: 2014-08-01

Reporting Person: STRANGHOENER LAWRENCE W (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-08-01	Stock Credits	$	A	950	Acquired		Common Stock (950)	Direct
2014-08-01	Stock Options (right to buy)	$42.13	A	7000	Acquired	2024-07-31	Common Stock (7000)	Direct

Footnotes

F1: 1 - for - 1.

F2: Stock Credits become payable in Common Stock; (i) in the event of a change in control of the company; or (ii) on the date that the reporting person ceases (other than by reason of death) to be a director ("retirement"), unless reporting person has elected to receive the common stock represented by the stock credits following retirement.

F3: Options are exercisable in four equal annual installments, commencing on the first anniversary of the grant date.