KENNAMETAL INC — Director's Dealing 2020

Aug 3, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KENNAMETAL INC (KMT)
CIK: 0000055242
Period of Report: 2020-07-31

Reporting Person: Watson Patrick S (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-07-31	Common Stock	M	3185	$26.96	Acquired	17655.08	Direct
2020-07-31	Common Stock	F	926	$26.96	Disposed	16729.08	Direct
2020-07-31	Common Stock	J	3000	—	Disposed	13729.08	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-07-31	Restricted Stock Units	$	M	1024	Disposed		Common Stock (1024)	Direct
2020-07-31	Restricted Stock Units	$	M	827	Disposed		Common Stock (827)	Direct

Footnotes

F1: Represents 3,000 performance unit shares previously reported on Form 4 as deemed earned (1,666 shares) and granted (1,334 shares) under Kennametal's 2017 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 7/27/2020 as 80%, and applied upon vesting. Distributed performance unit shares are separately reported on Form 4 as acquired common stock.

F2: Includes 320.08 shares held in the Kennametal Inc. 401(k) Plan and 620 performance unit shares not yet distributed.

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.