SEC Form 4 · accession 0001625608-17-000019
KENNAMETAL INC · KMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jan Kees van Gaalen
Officer — Vice President
Period of report
Aug 1, 2017
Accepted (ET)
Aug 3, 2017 · 7:41 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 | 5,048 | $37.50 | A | 8,286 | D | |
| Common Stock | Aug 1, 2017 | F | 1,589 | $37.50 | D | 6,697 | D | |
| Common StockF3,F4 | Aug 1, 2017 | A | 15,612 | $0.00 | A | 22,309 | 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 | 5,048 | D | Aug 1, 2017 | — | Common Stock | 5,048 | 5,048 | D |
| Restricted StockF1,F2 | — | Aug 1, 2017 | A | 10,382 | A | — | — | Common Stock | 10,382 | 10,382 | D |
Explanation of responses
- F11 - for - 1
- F2These restricted stock units are subject to time based vesting and are dispersed in three equal installments, commencing on the first anniversary of the grant date subject to continued employment with the company.
- F3Represents 6548 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 and under the Amended and Restated Kennametal Inc Stock and Incentive Plan of 2010 (the "2015 Performance Unit Award") and 9064 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 thru August 1, 2018 with respect to the 2015 Performance Unit Award and August 1, 2019 with respect to the 2016 Performance Unit Awards.
- F4Includes 15612 PSU shares not yet distributed.