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: Clemens Robert J (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-08-01	Common Stock	M	342	$42.13	Acquired	1546	Direct
2014-08-01	Common Stock	F	107	$42.13	Disposed	1439	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-08-01	Restricted Stock Units	$	M	342	Disposed	2023-07-31	Common Stock (342)	Direct
2014-08-01	Restricted Stock Units	$	A	1472	Acquired	2024-07-31	Common Stock (1472)	Direct
2014-08-01	Stock Options (right to buy)	$42.13	A	6624	Acquired	2024-07-31	Common Stock (6624)	Direct

Footnotes

F1: 1 - for - 1.

F2: These Restricted Stock Units are subject to time based vesting and are dispersed in four equal annual installments, commencing on the first anniversary date of the grant date subject to continued employment with the company.

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