SEC Form 4 · accession 0000886346-16-000290
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
Sep 19, 2016
Accepted (ET)
Sep 19, 2016 · 3:39 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 | Sep 19, 2016 | M | 4,389 | $14.17 | A | 11,078 | D | |
| Common StockF2 | Sep 19, 2016 | S | 4,389 | $51.2018 | D | 6,689 | D | |
| Common Stock | Sep 19, 2016 | M | 3,384 | $24.90 | A | 10,073 | D | |
| Common StockF2 | Sep 19, 2016 | S | 3,384 | $51.2018 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F3 | $14.17 | Sep 19, 2016 | M | 4,389 | D | — | Mar 3, 2020 | Common Stock | 4,389 | 11,347 | D |
| Stock Option (Right to Buy)F4 | $24.90 | Sep 19, 2016 | M | 3,384 | D | — | Mar 9, 2021 | Common Stock | 3,384 | 6,768 | D |
Explanation of responses
- F1The transactions reported on this Form 4 were executed pursuant to a Rule 10-b-5-1 trading plan adopted August 17, 2016.
- F2Represents the weighted average sale price. The actual sales prices range from $50.90 to $51.48 per share. The reporting person will supply the SEC, the Issuer, or a security holder of the Issuer, with full information regarding the number of shares at each price upon request.
- F3This stock option vests and becomes exercisable in three equal annual installments beginning on March 3, 2011, provided the reporting person is employed by the issuer on the vesting date.
- F4This stock option vests and becomes exercisable in three equal annual installments beginning on March 9, 2012, provided the reporting person is employed by the issuer on the vesting date.