KENNAMETAL INC — Director's Dealing 2014

Mar 17, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KENNAMETAL INC (kmt)
CIK: 0000055242
Period of Report: 2014-03-13

Reporting Person: CARDOSO CARLOS M (President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-13	Common Stock	M	49000	$27.06	Acquired	258363	Direct
2014-03-13	Common Stock	S	49800	$43.958	Disposed	208563	Direct
2014-03-14	Common Stock	M	39000	$27.06	Acquired	247563	Direct
2014-03-14	Common Stock	M	9577	$21.48	Acquired	257140	Direct
2014-03-14	Common Stock	S	48577	$43.608	Disposed	198986	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-03-13	NQ Stock Option (right to buy)	$27.06	M	49000	Disposed	2016-07-25	Common Stock (49000)	Direct
2014-03-14	NQ Stock Option (right to buy)	$27.06	M	39000	Disposed	2016-07-25	Common Stock (39000)	Direct
2014-03-14	NQ Stock Option (right to buy)	$21.48	M	9577	Disposed	2019-08-01	Common Stock (9577)	Direct

Footnotes

F1: This price is an average weighted price. The range of prices for the transactions is $43.820 - $44.210. Full information regarding the number of shares sold at each separate price will be provided upon request.

F2: This price is an average weighted price. The range of prices for the transactions is $43.820 - $43.940. Full information regarding the number of shares sold at each separate price will be provided upon request.

F3: Includes 1,282 shares held in the Kennametal Inc. 401K Plan.

F4: Option is exercisable in four equal annual installments, commencing on the first anniversary of the grant date.