Home > Insider Trading > Filing (0000886346-15-000059)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
886346	Kadant Inc	KAI	Special Industry Machinery (No Metalworking Machinery) (3550)	521762325

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1243393	C Thomas Leonard	Kadant Inc. One Technology Park Drive Westford MA 01886		Yes	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Disposition	2015-03-09	2,000	$44.00	28,500	No	4	S	Direct
Common Stock	Disposition	2015-03-09	2,000	$45.00	26,500	No	4	S	Direct
Common Stock	Disposition	2015-03-09	2,000	$47.00	24,500	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Unit	Acquisiton	2015-03-09	5,000	$0.00	5,000	$0.00
Common Stock	Restricted Stock Unit	Acquisiton	2015-03-09	10,000	$0.00	10,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
5,000		2016-01-02	No	4	A	Direct
10,000		2020-03-28	No	4	A	Direct

Footnotes

The transactions reported on this Form 4 were executed pursuant to a Rule 10-b-5-1 trading plan adopted December 16, 2014.
Each Restricted Stock Unit ("RSU") represents the right to receive one share of the issuer's common stock. The RSU vests in four installments of 1,250 shares each on the last day of each of the issuer's first, second, third and fourth quarters of fiscal 2015 provided the recipient continues to serve as a director of the issuer.
The Restricted Stock Unit may be settled solely in cash ("Cash-Settled RSU"). Each Cash-Settled RSU is the economic equivalent of one share of common stock of the issuer. The Cash-Settled RSU vests only upon a change-in-control of the issuer that occurs during the period beginning on the first day of the issuer's second quarter of fiscal year 2015 (April 5, 2015) and ending on the last day of the issuer's first quarter of fiscal year 2020 (March 28, 2020). The Cash-Settled RSU is forfeited in the event the recipient ceases to be a director of the issuer for any reason other than a change in control prior to the RSU vesting date.