SEC Form 4 · accession 0001723211-18-000006
KENNAMETAL INC · KMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald M Defeo
Officer — Executive Chairman · Director
Period of report
Feb 2, 2018
Accepted (ET)
Feb 5, 2018 · 4:14 pm EST
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 StockF1 | Feb 2, 2018 | M | 9,782 | $46.68 | A | 142,491 | D | |
| Common StockF1 | Feb 2, 2018 | F | 2,447 | $46.68 | D | 140,044 | 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 UnitsF2,F3 | — | Feb 2, 2018 | M | 9,782 | D | Feb 4, 2018 | — | Common Stock | 9,782 | 9,783 | D |
Explanation of responses
- F1Includes 34,529 shares deemed to have been earned but not yet distributed, as the first tranche of Performance Unit Awards granted to the reporting person on August 1, 2016. The vesting and actual payout of these shares remains subject to the reporting person's continued employment with the Company through August 1, 2019.
- F21 - for - 1
- F3Restricted stock units are subject to time-based vesting and are disposed in three equal installments commencing on the first anniversary date of the grant date (which was February 4, 2016), subject to continued employment with the company. This transaction represents the vesting of the second installment.