Statement of Changes in Beneficial Ownership (4)
December 15 2020 - 5:37PM
Edgar (US Regulatory)
FORM 4
[ ]
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
*
Langevin Eric T |
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 & COO |
(Last)
(First)
(Middle)
KADANT INC., ONE TECHNOLOGY PARK DRIVE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
12/11/2020 |
(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 | 12/11/2020 | | M(1) | | 800 | A | $25.98 | 53039 | D | |
Common Stock | 12/11/2020 | | S(1) | | 800 | D | $134.3973 (2) | 52239 | D | |
Common Stock | 12/11/2020 | | M(1) | | 4284 | A | $25.98 | 56523 | D | |
Common Stock | 12/11/2020 | | S(1) | | 4284 | D | $135.4387 (3) | 52239 | D | |
Common Stock | 12/11/2020 | | M(1) | | 326 | A | $25.98 | 52565 | D | |
Common Stock | 12/11/2020 | | S(1) | | 326 | D | $136.4264 (4) | 52239 | D | |
Common Stock | 12/14/2020 | | M(1) | | 1900 | A | $25.98 | 54139 | D | |
Common Stock | 12/14/2020 | | S(1) | | 1900 | D | $134.6559 (5) | 52239 | D | |
Common Stock | 12/14/2020 | | M(1) | | 2400 | A | $25.98 | 54639 | D | |
Common Stock | 12/14/2020 | | S(1) | | 2400 | D | $135.5622 (6) | 52239 | D | |
Common Stock | 12/14/2020 | | M(1) | | 120 | A | $25.98 | 52359 | D | |
Common Stock | 12/14/2020 | | S(1) | | 120 | D | $136.5083 (7) | 52239 | D | |
Common Stock | 12/15/2020 | | M(1) | | 200 | A | $25.98 | 52439 | D | |
Common Stock | 12/15/2020 | | S(1) | | 200 | D | $131.115 (8) | 52239 | D | |
Common Stock | 12/15/2020 | | M(1) | | 100 | A | $25.98 | 52339 | D | |
Common Stock | 12/15/2020 | | S(1) | | 100 | D | $133 | 52239 | D | |
Common Stock | 12/15/2020 | | M(1) | | 2300 | A | $25.98 | 54539 | D | |
Common Stock | 12/15/2020 | | S(1) | | 2300 | D | $135.4398 (9) | 52239 | D | |
Common Stock | 12/15/2020 | | M(1) | | 297 | A | $25.98 | 52536 | D | |
Common Stock | 12/15/2020 | | S(1) | | 297 | D | $136.50 | 52239 | D | |
Common Stock | 12/15/2020 | | S(1) | | 403 | D | $137.2345 (10) | 51836 | D | |
Common Stock | 12/15/2020 | | S(1) | | 2059 | D | $139.0159 (11) | 49777 | D | |
Common Stock | 12/15/2020 | | S(1) | | 11 | D | $139.6482 (12) | 49766 | 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) | $25.98 | 12/11/2020 | | M (1) | | | 800 | (13) | 3/6/2023 | Common Stock | 800.0 | $0 | 11927 | D | |
Stock Option (Right to Buy) | $25.98 | 12/11/2020 | | M (1) | | | 4284 | (13) | 3/6/2023 | Common Stock | 4284.0 | $0 | 7643 | D | |
Stock Option (Right to Buy) | $25.98 | 12/11/2020 | | M (1) | | | 326 | (13) | 3/6/2023 | Common Stock | 326.0 | $0 | 7317 | D | |
Stock Option (Right to Buy) | $25.98 | 12/14/2020 | | M (1) | | | 1900 | (13) | 3/6/2023 | Common Stock | 1900.0 | $0 | 5417 | D | |
Stock Option (Right to Buy) | $25.98 | 12/14/2020 | | M (1) | | | 2400 | (13) | 3/6/2023 | Common Stock | 2400.0 | $0 | 3017 | D | |
Stock Option (Right to Buy) | $25.98 | 12/14/2020 | | M (1) | | | 120 | (13) | 3/6/2023 | Common Stock | 120.0 | $0 | 2897 | D | |
Stock Option (Right to Buy) | $25.98 | 12/15/2020 | | M (1) | | | 200 | (13) | 3/6/2023 | Common Stock | 200.0 | $0 | 2697 | D | |
Stock Option (Right to Buy) | $25.98 | 12/15/2020 | | M (1) | | | 100 | (13) | 3/6/2023 | Common Stock | 100.0 | $0 | 2597 | D | |
Stock Option (Right to Buy) | $25.98 | 12/15/2020 | | M (1) | | | 2300 | (13) | 3/6/2023 | Common Stock | 2300.0 | $0 | 297 | D | |
Stock Option (Right to Buy) | $25.98 | 12/15/2020 | | M (1) | | | 297 | (13) | 3/6/2023 | Common Stock | 297.0 | $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 11, 2020. |
(2) | Represents the weighted average sale price. The actual sales prices range from $133.98 to $134.89 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. |
(3) | Represents the weighted average sale price. The actual sales prices range from $135.00 to $136.00 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 $136.10 to $136.58 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) | Represents the weighted average sale price. The actual sales prices range from $134.10 to $135.10 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. |
(6) | Represents the weighted average sale price. The actual sales prices range from $135.24 to $136.00 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. |
(7) | Represents the weighted average sale price. The actual sales prices range from $136.45 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. |
(8) | Represents the weighted average sale price. The actual sales prices range from $131.02 to $131.21 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. |
(9) | Represents the weighted average sale price. The actual sales prices range from $134.72 to $135.65 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. |
(10) | Represents the weighted average sale price. The actual sales prices range from $136.50 to $137.48 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. |
(11) | Represents the weighted average sale price. The actual sales prices range from $138.40 to $139.20 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. |
(12) | Represents the weighted average sale price. The actual sales prices range from $139.64 to $139.73 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. |
(13) | This stock option is fully vested. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Langevin Eric T KADANT INC. ONE TECHNOLOGY PARK DRIVE WESTFORD, MA 01886 |
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| Executive Vice President & COO |
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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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