SEC Form 4 · accession 0000886346-17-000051
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
Deborah Selwood
Officer — VICE PRESIDENT & CAO
Period of report
Mar 10, 2017
Accepted (ET)
Mar 14, 2017 · 10:32 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 | 455 | — | A | 9,569 | D | |
| Common Stock | Mar 10, 2017 | F | 144 | $57.80 | D | 9,425 | D | |
| Common StockF2 | Mar 10, 2017 | M | 398 | — | A | 9,823 | D | |
| Common Stock | Mar 10, 2017 | F | 130 | $57.80 | D | 9,693 | D | |
| Common StockF3 | Mar 10, 2017 | M | 434 | — | A | 10,127 | D | |
| Common Stock | Mar 10, 2017 | F | 138 | $57.80 | D | 9,989 | D | |
| Common StockF4 | Mar 10, 2017 | M | 112 | — | A | 10,101 | D | |
| Common Stock | Mar 10, 2017 | F | 37 | $57.80 | D | 10,064 | 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 | 455 | D | — | Mar 10, 2017 | Common Stock | 455 | 0 | D |
| Restricted Stock UnitF2 | $0.00 | Mar 10, 2017 | M | 398 | D | — | Mar 10, 2018 | Common Stock | 398 | 398 | D |
| Restricted Stock UnitF3 | $0.00 | Mar 10, 2017 | M | 434 | D | — | Mar 31, 2019 | Common Stock | 434 | 867 | D |
| Restricted Stock UnitF4 | $0.00 | Mar 10, 2017 | M | 112 | D | — | Mar 31, 2019 | Common Stock | 112 | 222 | D |
Explanation of responses
- F1The 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.
- F2The 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.
- F3The 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.
- F4The 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.