SEC Form 4 · accession 0001625608-17-000017
KENNAMETAL INC · KMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert J Clemens
Officer — Vice President
Period of report
Aug 1, 2017
Accepted (ET)
Aug 3, 2017 · 6:32 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000055242
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Aug 1, 2017 | M | 3,223 | $37.50 | A | 11,312 | D | |
| Common Stock | Aug 1, 2017 | F | 1,013 | $37.50 | D | 10,299 | D | |
| Common StockF3 | Aug 1, 2017 | A | 6,847 | $0.00 | A | 17,146 | D | |
| Common StockF4 | Aug 1, 2017 | F | 541 | $37.50 | D | 16,605 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Aug 1, 2017 | M | 3,223 | D | Aug 1, 2017 | — | Common Stock | 3,223 | 3,223 | D |
| Restricted Stock UnitsF1,F2 | — | Aug 1, 2017 | A | 4,697 | A | — | — | Common Stock | 4,697 | 4,697 | D |
Explanation of responses
- F11 - for - 1
- F2These restricted stock units are subject to time based vesting and are dispersed in three equal annual installments, commencing on the first anniversary of the grant date subject to continue employment with the company.
- F3Represents 1850 shares deemed to have been earned by the Compensation Committee on August 1, 2017 with respect to the second tranche of the Performance Unit Award granted to the reporting person on August 1, 2015 under the Amended and Restated Kennametal Inc. Stock and Incentive Plan of 2010 ("the 2015" Performance Unit Award") and 3280 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 Inc. 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, 2018, with respect to the 2015 Performance Unit Award and August 1, 2019" with respect to the 2016 Performance Unit Award
- F4Includes 1066 shares held in the Kennametal Inc 401K Plan and 6847 of PSU shares not yet disbursed.