SEC Form 4 · accession 0000886346-16-000214
KADANT INC · KAI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Deborah Selwood
Officer — VICE PRESIDENT & CAO
Period of report
Mar 10, 2016
Accepted (ET)
Mar 11, 2016 · 2:20 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 | 646 | — | A | 9,314 | D | |
| Common Stock | Mar 10, 2016 | F | 204 | $42.20 | D | 9,110 | D | |
| Common StockF2 | Mar 10, 2016 | M | 455 | — | A | 9,565 | D | |
| Common Stock | Mar 10, 2016 | F | 144 | $42.20 | D | 9,421 | D | |
| Common StockF3 | Mar 10, 2016 | M | 399 | — | A | 9,820 | D | |
| Common Stock | Mar 10, 2016 | F | 129 | $42.20 | D | 9,691 | 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 | 646 | D | — | Mar 10, 2016 | Common Stock | 646 | 0 | D |
| Restricted Stock UnitF2 | $0.00 | Mar 10, 2016 | M | 455 | D | — | Mar 10, 2017 | Common Stock | 455 | 455 | D |
| Restricted Stock UnitF3 | $0.00 | Mar 10, 2016 | M | 399 | D | — | Mar 10, 2018 | Common Stock | 399 | 796 | D |
Explanation of responses
- F1The shares represent the partial settlement under a time-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 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.
- F3The 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.