SEC Form 4 · accession 0001723211-18-000017
KENNAMETAL INC · KMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Judith L Bacchus
Officer — Vice President
Period of report
Aug 1, 2018
Accepted (ET)
Aug 2, 2018 · 12:51 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, 2018 | M | 7,992 | $37.74 | A | 23,404 | D | |
| Common Stock | Aug 1, 2018 | F | 2,250 | $37.74 | D | 21,154 | D | |
| Common Stock | Aug 1, 2018 | M | 3,641 | $37.74 | A | 24,795 | D | |
| Common Stock | Aug 1, 2018 | F | 1,023 | $37.74 | D | 23,772 | D | |
| Common StockF1 | Aug 1, 2018 | J | 6,566 | $0.00 | A | 30,338 | D | |
| Common StockF2 | Aug 1, 2018 | J | 5,182 | $0.00 | D | 25,156 | D | |
| Common StockF3,F4 | Aug 1, 2018 | J | 71 | $0.00 | A | 25,227 | 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 UnitsF5,F6 | — | Aug 1, 2018 | M | 3,641 | D | Aug 1, 2018 | — | Common Stock | 3,641 | 1,771 | D |
Explanation of responses
- F1Represents 3,833 shares deemed to have been earned by the Compensation Committee on July 31, 2018, with respect to the second 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"); and 2,733 shares deemed to have been earned by the Compensation Committee on July 31, 2018, with respect to the first tranche of the Performance Unit Award granted to the reporting person on August 1, 2017 under the Kennametal Inc. Stock and Incentive Plan of 2016 (the "2017 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, 2019 with respect to the 2016 Performance Unit Award and August 1, 2020 with respect to the 2017 Performance Unit Award.
- F2Represents 5182 performance unit shares previously reported on Form 4 as deemed earned shares under Kennametal's 2015 Performance Unit Awards that have met the performance requirements for distribution as common shares. Distributed performance unit shares are separately reported on Form 4 as acquired common stock.
- F3Represents 70.74 shares acquired through Kennametal's 401(k) Plan.
- F4Includes 1329.74 shares held in the Kennametal Inc. 401(k) Plan and 9745 shares of Performance Unit shares not yet disbursed.
- F51 - for - 1
- F6These 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 continued employment with the company.