SEC Form 4 · accession 0000886346-15-000023
KADANT INC · KAI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas M Obrien
Officer — CFO, EXECUTIVE VICE PRESIDENT
Period of report
Feb 27, 2015
Accepted (ET)
Mar 3, 2015 · 3:30 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000886346
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 27, 2015 | M | 6,000 | $14.17 | A | 15,619 | D | |
| Common Stock | Feb 27, 2015 | S | 6,000 | $43.99 | D | 9,619 | D | |
| Common Stock | Feb 27, 2015 | M | 4,400 | $14.17 | A | 14,019 | D | |
| Common Stock | Feb 27, 2015 | S | 4,400 | $44.99 | D | 9,619 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2 | $14.17 | Feb 27, 2015 | M | 6,000 | D | — | Mar 3, 2020 | Common Stock | 6,000 | 4,400 | D |
| Stock Option (Right to Buy)F2 | $14.17 | Feb 27, 2015 | M | 4,400 | D | — | Mar 3, 2020 | Common Stock | 4,400 | 0 | D |
Explanation of responses
- F1The transaction reported on this Form 4 was executed pursuant to a Rule 10b-5-1 Trading Plan adopted March 21, 2014
- F2This stock option vested and became exercisable in three annual installments beginning on March 3, 2011, provided the reporting person is employed by the issuer on the vesting date, and is fully vested and exercisable.