KENNAMETAL INC — Director's Dealing 2017

Aug 4, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KENNAMETAL INC (KMT)
CIK: 0000055242
Period of Report: 2017-08-01

Reporting Person: Watson Patrick S (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-08-01	Common Stock	M	3230	$37.5	Acquired	6738.431	Direct
2017-08-01	Common Stock	F	965	$37.5	Disposed	5773.431	Direct
2017-08-01	Common Stock	A	1061	—	Acquired	6834.431	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-08-01	Restricted Stock Units	$	M	3230	Disposed		Common Stock (3230)	Direct
2017-08-01	Restricted Stock Units	$	A	3072	Acquired		Common Stock (3072)	Direct

Footnotes

F1: 1 - for - 1

F2: These restricted stock units are subject to time based vesting and are disposed in three equal installments commencing on the first anniversary of the date subject to continued employment with the company.

F3: Represents 1061 shares deemed to have been earned by the Compensation Committee on August 1, 2017 with respect to the first tranche of the Performance Unit Award granted to the reporting person on August 1, 2016 under the Amended and Restated Kennametal Inc. Stock and Incentive plan of 2010 (the "2016 Performance Unit Award"). The vesting and actual payout of these shares remains subject to the reporting person's continued employment with the Company thru August 1,2019 with respect to the 2016 Performance Unit Awards.

F4: Includes 299.431 shares held in the Kennametal Inc 401K Plan and 1061 shares not yet distributed