SEC Form 4 · accession 0000886346-15-000078
KADANT INC · KAI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey L Powell
Officer — EXECUTIVE VICE PRESIDENT
Period of report
Mar 10, 2015
Accepted (ET)
Mar 12, 2015 · 3:19 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 | 3,551 | — | A | 17,738 | D | |
| Common Stock | Mar 10, 2015 | F | 1,155 | $46.99 | D | 16,583 | D | |
| Common StockF2 | Mar 10, 2015 | M | 3,519 | — | A | 20,102 | D | |
| Common Stock | Mar 10, 2015 | F | 1,144 | $46.99 | D | 18,958 | D | |
| Common StockF3 | Mar 10, 2015 | M | 2,728 | — | A | 21,686 | D | |
| Common Stock | Mar 10, 2015 | F | 887 | $46.99 | D | 20,799 | D | |
| Common StockF4 | Mar 10, 2015 | M | 678 | — | A | 21,477 | D | |
| Common Stock | Mar 10, 2015 | F | 220 | $46.99 | D | 21,257 | 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 | 3,551 | D | — | Mar 10, 2015 | Common Stock | 3,551 | 0 | D |
| Restricted Stock UnitF2 | $0.00 | Mar 10, 2015 | M | 3,519 | D | — | Mar 10, 2016 | Common Stock | 3,519 | 3,519 | D |
| Restricted Stock UnitF3 | $0.00 | Mar 10, 2015 | M | 2,728 | D | — | Mar 10, 2017 | Common Stock | 2,728 | 5,458 | D |
| Restricted Stock UnitF4 | $0.00 | Mar 10, 2015 | M | 678 | D | — | Mar 10, 2017 | Common Stock | 678 | 1,358 | 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.