KENNAMETAL INC — Director's Dealing 2019

Aug 2, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: Bacchus Judith L (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-08-01	Common Stock	M	10994	$33.15	Acquired	51332.32	Direct
2019-08-01	Common Stock	F	3093	$33.15	Disposed	48239.32	Direct
2019-08-01	Common Stock	M	4641	$33.15	Acquired	52880.32	Direct
2019-08-01	Common Stock	F	1509	$33.15	Disposed	51371.32	Direct
2019-08-01	Common Stock	J	10994	—	Disposed	40377.32	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-08-01	Restricted Stock Units	$	M	1771	Disposed		Common Stock (1771)	Direct
2019-08-01	Restricted Stock Units	$	M	1353	Disposed		Common Stock (1353)	Direct
2019-08-01	Restricted Stock Units	$	M	1517	Disposed		Common Stock (1517)	Direct

Footnotes

F1: Represents 10,994 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 1,415.32 shares held in the Kennametal Inc. 401(k) Plan and 7,839 shares of 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 of the grant date and subject to continued employment with the company.