SEC Form 4 · accession 0000886346-17-000036
KADANT INC · KAI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William A Rainville
Director
Period of report
Mar 8, 2017
Accepted (ET)
Mar 10, 2017 · 3:46 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 Stock | holding | — | — | — | 73,150 | 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 8, 2017 | A | 3,000 | A | — | Jan 31, 2018 | Common Stock | 3,000 | 3,000 | D |
Explanation of responses
- F1Each Restricted Stock Unit ("RSU") represents the right to receive one share of the issuer's common stock. The RSU Vests in four installments of 750 shares each on the last day of each of the issuer's first, second, third and fourth quarters of fiscal 2017 provided the recipient continues to serve as a director of the issuer.