SEC Form 4 · accession 0000886346-18-000010
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
Jan 2, 2018
Accepted (ET)
Jan 4, 2018 · 11:16 am 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 | Jan 2, 2018 | M | 4,000 | $14.17 | A | 19,257 | D | |
| Common StockF2 | Jan 2, 2018 | S | 1,724 | $99.1821 | D | 17,533 | D | |
| Common StockF3,F4 | Jan 2, 2018 | S | 2,276 | $100.64 | D | 15,665 | 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)F5 | $14.17 | Jan 2, 2018 | M | 4,000 | D | — | Mar 3, 2020 | Common Stock | 4,000 | 2,783 | 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 31, 2017.
- F2Represents the weighted average sale price. The actual sales prices range from $98.90 to $99.65 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.
- F3Represents the weighted average sale price. The actual sales prices range from $100.40 to $100.90 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.
- F4Includes 408 shares acquired in an exempt transaction pursuant to the Issuer's Employee Stock Purchase Plan on December 31, 2017.
- F5This stock option is fully vested.