SEC Form 4 · accession 0001723211-18-000020

KENNAMETAL INC · KMT

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).

Reporting owner

Jan Kees van Gaalen

Officer — Vice President

Period of report

Aug 1, 2018

Accepted (ET)

Aug 2, 2018 · 3:47 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
Common Stock	Aug 1, 2018	M	13,897	$37.74	A	39,444	D
Common Stock	Aug 1, 2018	F	3,960	$37.74	D	35,484	D
Common Stock	Aug 1, 2018	M	8,508	$37.74	A	43,992	D
Common Stock	Aug 1, 2018	F	2,422	$37.74	D	41,570	D
Common Stock^F1	Aug 1, 2018	J	17,160	$0.00	A	58,730	D
Common Stock^F2	Aug 1, 2018	J	6,548	$0.00	D	52,182	D
Common Stock^F3,F4	Aug 1, 2018	J	235	$0.00	A	52,417	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 Units^F5,F6	—	Aug 1, 2018	M	13,897	D	Aug 1, 2018	—	Common Stock	13,897	11,970	D

Explanation of responses

F1Represents 10,926 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 6,234 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 6,548 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 234.694 shares acquired as dividends earned through Kennametal Inc.'s dividend reinvestment plan.
F4Includes 26,224 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.