SEC Form 4 · accession 0000886346-16-000211
KADANT INC · KAI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Michael J McKenney
Officer — SR. VICE PRESIDENT & CFO
Period of report
Mar 10, 2016
Accepted (ET)
Mar 11, 2016 · 2:19 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 | 16,071 | D | |
| Common Stock | Mar 10, 2016 | F | 443 | $42.20 | D | 15,628 | D | |
| Common StockF2 | Mar 10, 2016 | M | 948 | — | A | 16,576 | D | |
| Common Stock | Mar 10, 2016 | F | 308 | $42.20 | D | 16,268 | D | |
| Common StockF3 | Mar 10, 2016 | M | 236 | — | A | 16,504 | D | |
| Common Stock | Mar 10, 2016 | F | 77 | $42.20 | D | 16,427 | D | |
| Common StockF4 | Mar 10, 2016 | M | 808 | — | A | 17,235 | D | |
| Common Stock | Mar 10, 2016 | F | 263 | $42.20 | D | 16,972 | D | |
| Common StockF5 | Mar 10, 2016 | M | 207 | — | A | 17,179 | D | |
| Common Stock | Mar 10, 2016 | F | 68 | $42.20 | D | 17,111 | 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.