Statement of Changes in Beneficial Ownership (4)
December 15 2020 - 4:39PM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
MCKENNEY MICHAEL J |
2. Issuer Name and Ticker or Trading Symbol
KADANT INC
[
KAI
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Executive Vice President & CFO |
(Last)
(First)
(Middle)
KADANT INC., ONE TECHNOLOGY PARK DRIVE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
12/14/2020 |
(Street)
WESTFORD, MA 01886
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 12/14/2020 | | M(1) | | 1500 | A | $21.91 | 20164.009 | D | |
Common Stock | 12/14/2020 | | S(1) | | 1500 | D | $134.4304 (2) | 18664.009 | D | |
Common Stock | 12/14/2020 | | M(1) | | 2144 | A | $21.91 | 20808.009 | D | |
Common Stock | 12/14/2020 | | S(1) | | 2144 | D | $135.389 (3) | 18664.009 | D | |
Common Stock | 12/14/2020 | | M(1) | | 600 | A | $21.91 | 19264.009 | D | |
Common Stock | 12/14/2020 | | S(1) | | 600 | D | $136.2817 (4) | 18664.009 | D | |
Common Stock | 12/14/2020 | | S(1) | | 755 | D | $135.10 | 17909.009 | D | |
Common Stock | 12/15/2020 | | S(1) | | 517 | D | $134.72 | 17392.009 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Stock Option (Right to Buy) | $21.91 | 12/14/2020 | | M (1) | | | 1500 | (5) | 3/7/2022 | Common Stock | 1500.0 | $0 | 2744 | D | |
Stock Option (Right to Buy) | $21.91 | 12/14/2020 | | M (1) | | | 2144 | (5) | 3/7/2022 | Common Stock | 2144.0 | $0 | 600 | D | |
Stock Option (Right to Buy) | $21.91 | 12/14/2020 | | M (1) | | | 600 | (5) | 3/7/2022 | Common Stock | 600.0 | $0 | 0 | D | |
Explanation of Responses: |
(1) | The transactions reported on this Form 4 were executed pursuant to a Rule 10b5-1 trading plan adopted November 13, 2020. |
(2) | Represents the weighted average sale price. The actual sales prices range from $133.89 to $134.80 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. |
(3) | Represents the weighted average sale price. The actual sales prices range from $134.95 to $135.89 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. |
(4) | Represents the weighted average sale price. The actual sales prices range from $135.99 to $136.80 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. |
(5) | This stock option is fully vested. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
MCKENNEY MICHAEL J KADANT INC. ONE TECHNOLOGY PARK DRIVE WESTFORD, MA 01886 |
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| Executive Vice President & CFO |
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Signatures
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/s/ Stacy D. Krause, by power of attorney | | 12/15/2020 |
**Signature of Reporting Person | Date |
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