KENNAMETAL INC — Director's Dealing 2018

Jan 23, 2018

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: KENNAMETAL INC (KMT)
CIK: 0000055242
Period of Report: 2018-01-16

Reporting Person: Port Ronald L (Vice President)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2707	Direct
Common Stock	1229	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Performance Units	$		Common Stock (2055)		Direct
Performance Units	$		Common Stock (2393)		Direct
Restricted Stock Units	$		Common Stock (1064)		Direct
Restricted Stock Units	$		Common Stock (789)		Direct
Restricted Stock Units	$		Common Stock (3082)		Direct
Restricted Stock Units	$		Common Stock (3590)		Direct
Stock Options	$	2025-08-01	Common Stock (10373)		Direct

Footnotes

F1: Represents 1,229 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 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, 2019 with respect to the 2016 Performance Unit Award.

F2: Performance unit awards were granted to the reporting person on August 1, 2016, under the Amended and Restated Kennametal Stock and Incentive Plan of 2010; one-third of the performance stock units underlying the award may be earned each year if the Company's performance relative to the goals for that year are met and subject to the reporting person's continued employment with the Company.

F3: 1 - for - 1

F4: Performance unit awards were granted to the reporting person on August 1, 2017, under the Kennametal Stock and Incentive Plan of 2016; one-third of the performance stock units underlying the award may be earned each year if the Company's performance relative to the goals for that year are met and subject to the reporting person's continued employment with the Company.

F5: Restricted stock units are subject to time based vesting and are disbursed in four equal annual installments commencing on the first anniversary of the grant date, subject to continued employment with the Company.

F6: Restricted stock units are subject to time based vesting and are disbursed in three equal annual installments commencing on the first anniversary of the grant date, subject to continued employment with the Company.

F7: Stock options are exercisable in three equal installments, commencing on the first anniversary of the grant date.