SEC Form 4 · accession 0000886346-15-000074
KADANT INC · KAI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan W Painter
Officer — PRESIDENT AND CEO · Director
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 | 13,295 | — | A | 62,660 | D | |
| Common Stock | Mar 10, 2015 | F | 5,566 | $46.99 | D | 57,094 | D | |
| Common StockF2 | Mar 10, 2015 | M | 12,369 | — | A | 69,463 | D | |
| Common Stock | Mar 10, 2015 | F | 5,826 | $46.99 | D | 63,637 | D | |
| Common StockF3 | Mar 10, 2015 | M | 8,604 | — | A | 72,241 | D | |
| Common Stock | Mar 10, 2015 | F | 4,053 | $46.99 | D | 68,188 | D | |
| Common StockF4 | Mar 10, 2015 | M | 2,140 | — | A | 70,328 | D | |
| Common Stock | Mar 10, 2015 | F | 1,008 | $46.99 | D | 69,320 | D | |
| Common Stock | Mar 12, 2015 | S | 3,000 | $47.75 | D | 66,320 | D | |
| Common Stock | holding | — | — | — | 3 | I | By Son |
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 | 13,295 | D | — | Mar 10, 2015 | Common Stock | 13,295 | 0 | D |
| Restricted Stock UnitF2 | $0.00 | Mar 10, 2015 | M | 12,369 | D | — | Mar 10, 2016 | Common Stock | 12,369 | 12,369 | D |
| Restricted Stock UnitF3 | $0.00 | Mar 10, 2015 | M | 8,604 | D | — | Mar 10, 2017 | Common Stock | 8,604 | 17,208 | D |
| Restricted Stock UnitF4 | $0.00 | Mar 10, 2015 | M | 2,140 | D | — | Mar 10, 2017 | Common Stock | 2,140 | 4,281 | 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 25, 2014.