Statement of Changes in Beneficial Ownership (4)
March 12 2021 - 8:52AM
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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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
*
Powell Jeffrey L |
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)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President & CEO |
(Last)
(First)
(Middle)
KADANT INC., ONE TECHNOLOGY PARK DRIVE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
3/10/2021 |
(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 | 3/10/2021 | | M | | 2002 | A | (1) | 28986 | D | |
Common Stock | 3/10/2021 | | F | | 888 | D | $175.29 | 28098 | D | |
Common Stock | 3/10/2021 | | M | | 419 | A | (2) | 28517 | D | |
Common Stock | 3/10/2021 | | F | | 186 | D | $175.29 | 28331 | D | |
Common Stock | 3/10/2021 | | M | | 4030 | A | (3) | 32361 | D | |
Common Stock | 3/10/2021 | | F | | 1788 | D | $175.29 | 30573 | D | |
Common Stock | 3/10/2021 | | M | | 1021 | A | (4) | 31594 | D | |
Common Stock | 3/10/2021 | | F | | 453 | D | $175.29 | 31141 | D | |
Common Stock | 3/10/2021 | | M | | 5006 | A | (5) | 36147 | D | |
Common Stock | 3/10/2021 | | F | | 2221 | D | $175.29 | 33926 | D | |
Common Stock | 3/10/2021 | | M | | 1322 | A | (6) | 35248 | D | |
Common Stock | 3/10/2021 | | F | | 587 | D | $175.29 | 34661 | 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 |
Restricted Stock Unit | $0.0 | 3/10/2021 | | M | | | 2002 | (1) | 4/30/2021 | Common Stock | 2002.0 | $0 | 0 | D | |
Restricted Stock Unit | $0.0 | 3/10/2021 | | M | | | 419 | (2) | 4/30/2021 | Common Stock | 419.0 | $0 | 0 | D | |
Restricted Stock Unit | $0.0 | 3/10/2021 | | M | | | 4030 | (3) | 4/30/2022 | Common Stock | 4030.0 | $0 | 4030 | D | |
Restricted Stock Unit | $0.0 | 3/10/2021 | | M | | | 1021 | (4) | 4/30/2022 | Common Stock | 1021.0 | $0 | 1021 | D | |
Restricted Stock Unit | $0.0 | 3/10/2021 | | M | | | 5006 | (5) | 4/30/2023 | Common Stock | 5006.0 | $0 | 10010 | D | |
Restricted Stock Unit | $0.0 | 3/10/2021 | | M | | | 1322 | (6) | 4/30/2023 | Common Stock | 1322.0 | $0 | 2642 | D | |
Explanation of Responses: |
(1) | The shares represent the partial settlement under a performance-based RSU award granted March 7, 2018. One-third of the RSU vested and became distributable on March 10, 2021 and was converted to common stock on a one-for-one basis on the vesting date. |
(2) | The shares represent the partial settlement under a time-based RSU award granted March 7, 2018. One-third of the RSU vested and became distributable on March 10, 2021 and was converted to common stock on a one-for-one basis on the vesting date. |
(3) | The shares represent the partial settlement under a performance-based RSU award granted March 4, 2019. One-third of the RSU vested and became distributable on March 10, 2021 and was converted to common stock on a one-for-one basis on the vesting date. |
(4) | The shares represent the partial settlement under a time-based RSU award granted March 4, 2019. One-third of the RSU vested and became distributable on March 10, 2021 and was converted to common stock on a one-for-one basis on the vesting date. |
(5) | The shares represent the partial settlement under a performance-based RSU award granted March 2, 2020. One-third of the RSU vested and became distributable on March 10, 2021 and was converted to common stock on a one-for-one basis on the vesting date. |
(6) | The shares represent the partial settlement under a time-based RSU award granted March 2, 2020. One-third of the RSU vested and became distributable on March 10, 2021 and was converted to common stock on a one-for-one basis on the vesting date. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Powell Jeffrey L KADANT INC. ONE TECHNOLOGY PARK DRIVE WESTFORD, MA 01886 | X |
| President & CEO |
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Signatures
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/s/ Stacy D. Krause, by power of attorney | | 3/12/2021 |
**Signature of Reporting Person | Date |
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