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: Dragich Peter A (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-07-31	Common Stock	M	15866	$26.96	Acquired	75256	Direct
2020-07-31	Common Stock	F	4518	$26.96	Disposed	70738	Direct
2020-07-31	Common Stock	J	20470	—	Disposed	50268	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-07-31	Restricted Stock Units	$	M	3106	Disposed		Common Stock (3106)	Direct
2020-07-31	Restricted Stock Units	$	M	3662	Disposed		Common Stock (3662)	Direct

Footnotes

F1: Represents 20,470 performance unit shares previously reported on Form 4 as deemed earned (11,372 shares) and granted (9,098 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 6,180 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.