SEC Form 4 · accession 0000886346-15-000073
KADANT INC · KAI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric T Langevin
Officer — EXECUTIVE VICE PRESIDENT, COO
Period of report
Mar 10, 2015
Accepted (ET)
Mar 12, 2015 · 3:18 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 | Mar 10, 2015 | M | 3,944 | — | A | 34,047 | D | |
| Common Stock | Mar 10, 2015 | F | 1,282 | $46.99 | D | 32,765 | D | |
| Common StockF2 | Mar 10, 2015 | M | 3,668 | — | A | 36,433 | D | |
| Common Stock | Mar 10, 2015 | F | 1,193 | $46.99 | D | 35,240 | D | |
| Common StockF3 | Mar 10, 2015 | M | 2,551 | — | A | 37,791 | D | |
| Common Stock | Mar 10, 2015 | F | 830 | $46.99 | D | 36,961 | D | |
| Common StockF4 | Mar 10, 2015 | M | 634 | — | A | 37,595 | D | |
| Common Stock | Mar 10, 2015 | F | 206 | $46.99 | D | 37,389 | D | |
| Common Stock | Mar 12, 2015 | S | 2,500 | $47.50 | D | 34,889 | 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 10, 2015 | M | 3,944 | D | — | Mar 10, 2015 | Common Stock | 3,944 | 0 | D |
| Restricted Stock UnitF2 | $0.00 | Mar 10, 2015 | M | 3,668 | D | — | Mar 10, 2016 | Common Stock | 3,668 | 3,669 | D |
| Restricted Stock UnitF3 | $0.00 | Mar 10, 2015 | M | 2,551 | D | — | Mar 10, 2017 | Common Stock | 2,551 | 5,104 | D |
| Restricted Stock UnitF4 | $0.00 | Mar 10, 2015 | M | 634 | D | — | Mar 10, 2017 | Common Stock | 634 | 1,270 | D |
Explanation of responses
- F1The shares represent the partial settlement under a performance-based RSU award granted 3/7/2012. One-third of the RSU vested on 3/10/2015 and was converted to vested common stock on a one-for-one basis on the vesting date.
- F2The shares represent the partial settlement under a performance-based RSU award granted 3/6/2013. One-third of the RSU vested on 3/10/2015 and was converted to vested common stock on a one-for-one basis on the vesting date.
- F3The shares represent the partial settlement under a performance-based RSU award granted 3/5/2014. One-third of the RSU vested on 3/10/2015 and was converted to vested common stock on a one-for-one basis on the vesting date.
- F4The shares represent the partial settlement under a time-based RSU award granted 3/5/2014. One-third vested on a one-for-one basis on the vesting date.
- F5The transactions reported on this Form 4 were executed pursuant to a Rule 10-b-5-1 trading plan adopted November 21, 2014.