SEC Form 4 · accession 0000886346-16-000288
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
Aug 18, 2016
Accepted (ET)
Aug 18, 2016 · 12:01 pm 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 | Aug 18, 2016 | M | 4,118 | $25.98 | A | 22,722 | D | |
| Common Stock | Aug 18, 2016 | S | 4,118 | $52.00 | D | 18,604 | 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)F2 | $25.98 | Aug 18, 2016 | M | 4,118 | D | — | Mar 6, 2023 | Common Stock | 4,118 | 0 | D |
Explanation of responses
- F1The transactions reported on this Form 4 were executed pursuant to a Rule 10-b-5-1 trading plan adopted June 17, 2016.
- F2This stock option vests and becomes exercisable in three annual installments beginning on March 6, 2014, provided the reporting person is employed by the issuer on the vesting date.