SEC Form 4 · accession 0000886346-16-000213
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, 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 | 3,519 | — | A | 3,519 | D | |
| Common Stock | Mar 10, 2016 | F | 1,142 | $42.20 | D | 2,377 | D | |
| Common StockF2 | Mar 10, 2016 | M | 2,729 | — | A | 5,106 | D | |
| Common Stock | Mar 10, 2016 | F | 886 | $42.20 | D | 4,220 | D | |
| Common StockF3 | Mar 10, 2016 | M | 679 | — | A | 4,899 | D | |
| Common Stock | Mar 10, 2016 | F | 221 | $42.20 | D | 4,678 | D | |
| Common StockF4 | Mar 10, 2016 | M | 2,373 | — | A | 7,051 | D | |
| Common Stock | Mar 10, 2016 | F | 771 | $42.20 | D | 6,280 | D | |
| Common StockF5 | Mar 10, 2016 | M | 606 | — | A | 6,886 | D | |
| Common Stock | Mar 10, 2016 | F | 197 | $42.20 | D | 6,689 | 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 | 3,519 | D | — | Mar 10, 2016 | Common Stock | 3,519 | 0 | D |
| Restricted Stock UnitF2 | $0.00 | Mar 10, 2016 | M | 2,729 | D | — | Mar 10, 2017 | Common Stock | 2,729 | 2,729 | D |
| Restricted Stock UnitF3 | $0.00 | Mar 10, 2016 | M | 679 | D | — | Mar 10, 2017 | Common Stock | 679 | 679 | D |
| Restricted Stock UnitF4 | $0.00 | Mar 10, 2016 | M | 2,373 | D | — | Mar 10, 2018 | Common Stock | 2,373 | 4,745 | D |
| Restricted Stock UnitF5 | $0.00 | Mar 10, 2016 | M | 606 | D | — | Mar 10, 2018 | Common Stock | 606 | 1,210 | 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.