SEC Form 4 · accession 0000886346-15-000056
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
Mar 9, 2015
Accepted (ET)
Mar 11, 2015 · 5:24 pm EDT
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 | holding | — | — | — | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1 | $0.00 | Mar 9, 2015 | A | 3,406 | A | — | Mar 10, 2016 | Common Stock | 3,406 | 3,406 | D |
Explanation of responses
- F1Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's common stock. The RSU vests on June 30, 2015 pursuant to the terms of an Executive Transition Agreement dated September 15, 2014 between the Reporting Person and the issuer and is distributable on March 10, 2016.
Remarks
EXHIBIT LIST Exhibit 24 - Limited Power of Attorney for Section 16 Reporting Obligations