KENNAMETAL INC — Director's Dealing 2017

Aug 3, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: Bacchus Judith L (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-08-01	Common Stock	M	4027	$37.5	Acquired	11821	Direct
2017-08-01	Common Stock	F	1266	$37.5	Disposed	10555	Direct
2017-08-01	Common Stock	A	9161	—	Acquired	19716	Direct
2017-08-01	Common Stock	F	699	$37.5	Acquired	19017	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-08-01	Restricted Stock Units	$	M	4027	Disposed		Common Stock (4027)	Direct
2017-08-01	Restricted Stock Units	$	A	4552	Acquired		Common Stock (4552)	Direct

Footnotes

F1: 1 - for - 1

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

F3: Represents 3,766 shares deemed to have been earned by the Compensation Committee on August 1, 2017 with respect to the second tranche of the Performance Unit Award granted to the reporting person on August 1, 2015 under the Amended and Restated Kennametal Inc. Stock and Incentive Plan of 2010 (the "2015" Performance Unit Award") and 3,179 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 through August 1, 2018, with respect to the 2015 Performance Unit Award and August 1, 2019,"with respect to the 2016 Performance Unit Award.

F4: Includes 1,259 shares held in the Kennametal Inc. 401K Plan and 6,945 of PSU shares not yet disbursed.