SEC Form 4 · accession 0000886346-15-000130
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
May 26, 2015
Accepted (ET)
May 28, 2015 · 11:24 am 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 | May 26, 2015 | M | 5,500 | $24.90 | A | 22,721 | D | |
| Common StockF2 | May 26, 2015 | S | 5,500 | $47.9962 | D | 17,221 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F3 | $24.90 | May 26, 2015 | M | 5,500 | D | — | Mar 9, 2021 | Common Stock | 5,500 | 8,322 | D |
Explanation of responses
- F1The transactions reported on this Form 4 were executed pursuant to a Rule 10-b-5-1 trading plan adopted April 2, 2015.
- F2Represents the weighted average sale price. The actual sales prices range from $47.98 to $48.08 per share. The reporting person will supply the SEC, the Issuer, or a security holder of the Issuer, with full information regarding the number of shares at each price upon request.
- F3This stock option vested and became exercisable in three annual installments beginning on March 9, 2012, provided the reporting person is employed by the issuer on the vesting date, and is fully vested and exercisable.