SEC Form 4 · accession 0000886346-17-000048
KADANT INC · KAI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Michael J McKenney
Officer — SR. VICE PRESIDENT & CFO
Period of report
Mar 10, 2017
Accepted (ET)
Mar 14, 2017 · 10:31 am 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 StockF1 | Mar 10, 2017 | M | 948 | — | A | 17,177 | D | |
| Common Stock | Mar 10, 2017 | F | 308 | $57.80 | D | 16,869 | D | |
| Common StockF2 | Mar 10, 2017 | M | 236 | — | A | 17,105 | D | |
| Common Stock | Mar 10, 2017 | F | 77 | $57.80 | D | 17,028 | D | |
| Common StockF3 | Mar 10, 2017 | M | 809 | — | A | 17,837 | D | |
| Common Stock | Mar 10, 2017 | F | 263 | $57.80 | D | 17,574 | D | |
| Common StockF4 | Mar 10, 2017 | M | 206 | — | A | 17,780 | D | |
| Common Stock | Mar 10, 2017 | F | 67 | $57.80 | D | 17,713 | D | |
| Common StockF5 | Mar 10, 2017 | M | 1,202 | — | A | 18,915 | D | |
| Common Stock | Mar 10, 2017 | F | 391 | $57.80 | D | 18,524 | D | |
| Common StockF6 | Mar 10, 2017 | M | 308 | — | A | 18,832 | D | |
| Common Stock | Mar 10, 2017 | F | 100 | $57.80 | D | 18,732 | 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, 2017 | M | 948 | D | — | Mar 10, 2017 | Common Stock | 948 | 0 | D |
| Restricted Stock UnitF2 | $0.00 | Mar 10, 2017 | M | 236 | D | — | Mar 10, 2017 | Common Stock | 236 | 0 | D |
| Restricted Stock UnitF3 | $0.00 | Mar 10, 2017 | M | 809 | D | — | Mar 10, 2018 | Common Stock | 809 | 809 | D |
| Restricted Stock UnitF4 | $0.00 | Mar 10, 2017 | M | 206 | D | — | Mar 10, 2018 | Common Stock | 206 | 206 | D |
| Restricted Stock UnitF5 | $0.00 | Mar 10, 2017 | M | 1,202 | D | — | Mar 31, 2019 | Common Stock | 1,202 | 2,402 | D |
| Restricted Stock UnitF6 | $0.00 | Mar 10, 2017 | M | 308 | D | — | Mar 31, 2019 | Common Stock | 308 | 616 | D |
Explanation of responses
- F1The 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, 2017 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, 2017 and was converted to common stock on a one-for-one basis on the vesting date.
- F3The 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, 2017 and was converted to common stock on a one-for-one basis on the vesting date.
- F4The 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, 2017 and was converted to common stock on a one-for-one basis on the vesting date.
- F5The shares represent the partial settlement under a performance-based RSU award granted March 8, 2016. One-third of the RSU vested and became distributable on March 10, 2017 and was converted to common stock on a one-for-one basis on the vesting date.
- F6The shares represent the partial settlement under a time-based RSU award granted March 8, 2016. One-third of the RSU vested and became distributable on March 10, 2017 and was converted to common stock on a one-for-one basis on the vesting date.