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: Bacchus Judith L (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-08-01	Common Stock	F	310	$42.13	Disposed	8475	Direct
2014-08-01	Common Stock	M	1827	$42.13	Acquired	10302	Direct
2014-08-01	Common Stock	F	574	$42.13	Disposed	9728	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-08-01	Restricted Stock Units	$	M	1827	Disposed		Common Stock (1827)	Direct
2014-08-01	Restricted Stock Units	$	A	1899	Acquired	2024-07-31	Common Stock (1899)	Direct
2014-08-01	Stock Options (right to buy)	$42.13	A	8547	Acquired	2024-07-31	Common Stock (8547)	Direct

Footnotes

F1: Includes 981 shares held in the Kennametal 401K Plan.

F2: 1 - for - 1.

F3: These Restricted Stock Units are subject to time based vesting and are dispersed by 25%, 25%, and 50% in three annual installments commencing on the first anniversary of the grant date subject to continued employment with the company.

F4: 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.

F5: Option is exercisable in four equal annual installments, commencing on the first anniversary of the grant date.