SEC Form 4 · accession 0000886346-16-000209
KADANT INC · KAI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sandra L Lambert
Officer — VP, GENERAL COUNSEL, SECRETARY
Period of report
Mar 10, 2016
Accepted (ET)
Mar 11, 2016 · 2:18 pm EST
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, 2016 | M | 1,363 | — | A | 20,270 | D | |
| Common Stock | Mar 10, 2016 | F | 443 | $42.20 | D | 19,827 | D | |
| Common StockF2 | Mar 10, 2016 | M | 948 | — | A | 20,775 | D | |
| Common Stock | Mar 10, 2016 | F | 308 | $42.20 | D | 20,467 | D | |
| Common StockF3 | Mar 10, 2016 | M | 236 | — | A | 20,703 | D | |
| Common Stock | Mar 10, 2016 | F | 77 | $42.20 | D | 20,626 | D | |
| Common StockF4 | Mar 10, 2016 | M | 808 | — | A | 21,434 | D | |
| Common Stock | Mar 10, 2016 | F | 263 | $42.20 | D | 21,171 | D | |
| Common StockF5 | Mar 10, 2016 | M | 207 | — | A | 21,378 | D | |
| Common Stock | Mar 10, 2016 | F | 68 | $42.20 | D | 21,310 | 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, 2016 | M | 1,363 | D | — | Mar 10, 2016 | Common Stock | 1,363 | 0 | D |
| Restricted Stock UnitF2 | $0.00 | Mar 10, 2016 | M | 948 | D | — | Mar 10, 2017 | Common Stock | 948 | 948 | D |
| Restricted Stock UnitF3 | $0.00 | Mar 10, 2016 | M | 236 | D | — | Mar 10, 2017 | Common Stock | 236 | 236 | D |
| Restricted Stock UnitF4 | $0.00 | Mar 10, 2016 | M | 808 | D | — | Mar 10, 2018 | Common Stock | 808 | 1,618 | D |
| Restricted Stock UnitF5 | $0.00 | Mar 10, 2016 | M | 207 | D | — | Mar 10, 2018 | Common Stock | 207 | 412 | D |
Explanation of responses
- F1The shares represent the partial settlement under a performance-based RSU award granted March 6, 2013. One-third of the RSU vested and became distributable on March 10, 2016 and was converted to 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 March 5, 2014. One-third of the RSU vested and became distributable on March 10, 2016 and was converted to common stock on a one-for-one basis on the vesting date.
- F3The shares represent the partial settlement under a time-based RSU award granted March 5, 2014. One-third of the RSU vested and became distributable on March 10, 2016 and was converted to common stock on a one-for-one basis on the vesting date.
- F4The shares represent the partial settlement under a performance-based RSU award granted March 9, 2015. One-third of the RSU vested and became distributable on March 10, 2016 and was converted to common stock on a one-for-one basis on the vesting date.
- F5The shares represent the partial settlement under a time-based RSU award granted March 9, 2015. One-third of the RSU vested and became distributable on March 10, 2016 and was converted to common stock on a one-for-one basis on the vesting date.