SEC Form 4 · accession 0000886346-18-000041

KADANT INC · KAI

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Jeffrey L Powell

Officer — EVP & Co-COO

Period of report

Mar 10, 2018

Accepted (ET)

Mar 13, 2018 · 6:14 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
Common Stock^F1	Mar 10, 2018	M	2,373	—	A	2,373	D
Common Stock	Mar 10, 2018	F	1,055	$104.35	D	1,318	D
Common Stock^F2	Mar 10, 2018	M	605	—	A	1,923	D
Common Stock	Mar 10, 2018	F	269	$104.35	D	1,654	D
Common Stock^F3	Mar 10, 2018	M	2,803	—	A	4,457	D
Common Stock	Mar 10, 2018	F	1,118	$104.35	D	3,339	D
Common Stock^F4	Mar 10, 2018	M	718	—	A	4,057	D
Common Stock	Mar 10, 2018	F	320	$104.35	D	3,737	D
Common Stock^F5	Mar 10, 2018	M	3,150	—	A	6,887	D
Common Stock	Mar 10, 2018	F	928	$104.35	D	5,959	D
Common Stock^F6	Mar 10, 2018	M	525	—	A	6,484	D
Common Stock	Mar 10, 2018	F	234	$104.35	D	6,250	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 Unit^F1	$0.00	Mar 10, 2018	M	2,373	D	—	Mar 10, 2018	Common Stock	2,373	0	D
Restricted Stock Unit^F2	$0.00	Mar 10, 2018	M	605	D	—	Mar 10, 2018	Common Stock	605	0	D
Restricted Stock Unit^F3	$0.00	Mar 10, 2018	M	2,803	D	—	Mar 31, 2019	Common Stock	2,803	2,803	D
Restricted Stock Unit^F4,F7	$0.00	Mar 10, 2018	M	718	D	—	Mar 31, 2019	Common Stock	718	718	D
Restricted Stock Unit^F5	$0.00	Mar 10, 2018	M	3,150	D	—	Mar 31, 2020	Common Stock	3,150	6,299	D
Restricted Stock Unit^F6	$0.00	Mar 10, 2018	M	525	D	—	Mar 31, 2020	Common Stock	525	1,050	D

Explanation of responses

F1The 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, 2018 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, 2018 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, 2018 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, 2018 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, 2017. One-third of the RSU vested and became distributable on March 10, 2018 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, 2017. One-third of the RSU vested and became distributable on March 10, 2018 and was converted to common stock on a one-for-one basis on the vesting date.
F7The 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.