KENNAMETAL INC — Director's Dealing 2019

Aug 3, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KENNAMETAL INC (KMT)
CIK: 0000055242
Period of Report: 2019-08-01

Reporting Person: Port Ronald L (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-08-01	Common Stock	M	4252	$33.15	Acquired	22245	Direct
2019-08-01	Common Stock	F	1211	$33.15	Disposed	21034	Direct
2019-08-01	Common Stock	M	5407	$33.15	Acquired	26441	Direct
2019-08-01	Common Stock	F	1538	$33.15	Disposed	24903	Direct
2019-08-01	Common Stock	J	4252	—	Disposed	20651	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-08-01	Restricted Stock Units	$	M	1541	Disposed		Common Stock (1541)	Direct
2019-08-01	Restricted Stock Units	$	M	1197	Disposed		Common Stock (1197)	Direct
2019-08-01	Restricted Stock Units	$	M	2669	Disposed		Common Stock (2669)	Direct

Footnotes

F1: Represents 4,252 performance unit shares previously reported on Form 4 as deemed earned shares under Kennametal's 2016 Performance Unit Awards that have met the performance requirements for distribution as common shares. Previously reported deemed earned shares are subject to a relative TSR multiplier, calculated on August 1, 2019 as 105.3%, and applied upon vesting. Distributed performance unit shares are separately reported on Form 4 as acquired common stock.

F2: Includes 6,450 performance unit shares not yet disbursed.

F3: 1 - for - 1

F4: Restricted Stock Units are subject to time-based vesting and are disbursed in three equal annual installments, commencing on the first anniversary date of the grant date and subject to continued employment with the company.