SEC Form 4 · accession 0000886346-15-000062
KADANT INC · KAI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J McKenney
Officer — VICE PRESIDENT, FINANCE & CAO
Period of report
Mar 9, 2015
Accepted (ET)
Mar 11, 2015 · 5:26 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 StockF1 | holding | — | — | — | 12,002 | 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 UnitF2 | $0.00 | Mar 9, 2015 | A | 2,477 | A | — | Mar 10, 2018 | Common Stock | 2,477 | 2,477 | D |
| Restricted Stock UnitF3 | $0.00 | Mar 9, 2015 | A | 619 | A | — | Mar 10, 2018 | Common Stock | 619 | 619 | D |
Explanation of responses
- F1Includes 616 shares acquired in an exempt transaction pursuant to the Issuer's ESPP on December 31, 2014.
- F2Each Restricted Stock Unit ("RSU") represents the right to receive one share of the issuer's common stock. The RSU vests and is distributable in three equal installations beginning on March 10, 2016, provided that the Issuer meets certain performance requirements for fiscal 2015 and the reporting person is employed by the issuer on the vesting date. The maximum number of shares the reporting person may receive is 150% of the RSU amount.
- F3This RSU vests and becomes exercisable in three annual installments beginning on March 10, 2016, provided the reporting person is employed by the Issuer on the vesting date.
Remarks
EXHIBIT LIST Exhibit 24 - Limited Power of Attorney for Section 16 Reporting Obligations