Statement of Changes in Beneficial Ownership (4)
October 08 2021 - 5:01PM
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
*
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)
10/6/2021 |
(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 | 10/6/2021 | | M(1) | | 300 | A | $21.91 | 34961 | D | |
Common Stock | 10/6/2021 | | S(1) | | 300 | D | $203.9333 (2) | 34661 | D | |
Common Stock | 10/6/2021 | | M(1) | | 600 | A | $21.91 | 35261 | D | |
Common Stock | 10/6/2021 | | S(1) | | 600 | D | $205.195 (3) | 34661 | D | |
Common Stock | 10/6/2021 | | M(1) | | 593 | A | $21.91 | 35254 | D | |
Common Stock | 10/6/2021 | | S(1) | | 593 | D | $206.8376 (4) | 34661 | D | |
Common Stock | 10/6/2021 | | M(1) | | 507 | A | $21.91 | 35168 | D | |
Common Stock | 10/6/2021 | | S(1) | | 507 | D | $207.5452 (5) | 34661 | D | |
Common Stock | 10/7/2021 | | M(1) | | 271 | A | $21.91 | 34932 | D | |
Common Stock | 10/7/2021 | | S(1) | | 271 | D | $206.9355 (6) | 34661 | D | |
Common Stock | 10/7/2021 | | M(1) | | 100 | A | $21.91 | 34761 | D | |
Common Stock | 10/7/2021 | | S(1) | | 100 | D | $208 | 34661 | D | |
Common Stock | 10/7/2021 | | M(1) | | 800 | A | $25.98 | 35461 | D | |
Common Stock | 10/7/2021 | | S(1) | | 800 | D | $205.4417 (7) | 34661 | D | |
Common Stock | 10/7/2021 | | M(1) | | 400 | A | $25.98 | 35061 | D | |
Common Stock | 10/7/2021 | | S(1) | | 400 | D | $206.5473 (8) | 34661 | D | |
Common Stock | 10/7/2021 | | M(1) | | 1579 | A | $25.98 | 36240 | D | |
Common Stock | 10/7/2021 | | S(1) | | 1579 | D | $207.6324 (9) | 34661 | D | |
Common Stock | 10/7/2021 | | M(1) | | 37 | A | $25.98 | 34698 | D | |
Common Stock | 10/7/2021 | | S(1) | | 37 | D | $208.5103 (10) | 34661 | D | |
Common Stock | 10/8/2021 | | M(1) | | 300 | A | $25.98 | 34961 | D | |
Common Stock | 10/8/2021 | | S(1) | | 300 | D | $203.029 (11) | 34661 | D | |
Common Stock | 10/8/2021 | | M(1) | | 1200 | A | $25.98 | 35861 | D | |
Common Stock | 10/8/2021 | | S(1) | | 1200 | D | $204.3014 (12) | 34661 | D | |
Common Stock | 10/8/2021 | | M(1) | | 128 | A | $25.98 | 34789 | D | |
Common Stock | 10/8/2021 | | S(1) | | 128 | D | $204.8712 (13) | 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 |
Stock Option (Right to Buy) | $21.91 | 10/6/2021 | | M (1) | | | 300 | (14) | 3/7/2022 | Common Stock | 300.0 | $0 | 2071 | D | |
Stock Option (Right to Buy) | $21.91 | 10/6/2021 | | M (1) | | | 600 | (14) | 3/7/2022 | Common Stock | 600.0 | $0 | 1471 | D | |
Stock Option (Right to Buy) | $21.91 | 10/6/2021 | | M (1) | | | 593 | (14) | 3/7/2022 | Common Stock | 593.0 | $0 | 878 | D | |
Stock Option (Right to Buy) | $21.91 | 10/6/2021 | | M (1) | | | 507 | (14) | 3/7/2022 | Common Stock | 507.0 | $0 | 371 | D | |
Stock Option (Right to Buy) | $21.91 | 10/7/2021 | | M (1) | | | 271 | (14) | 3/7/2022 | Common Stock | 271.0 | $0 | 100 | D | |
Stock Option (Right to Buy) | $21.91 | 10/7/2021 | | M (1) | | | 100 | (14) | 3/7/2022 | Common Stock | 100.0 | $0 | 0 | D | |
Stock Option (Right to Buy) | $25.98 | 10/7/2021 | | M (1) | | | 800 | (14) | 3/6/2023 | Common Stock | 800.0 | $0 | 11410 | D | |
Stock Option (Right to Buy) | $25.98 | 10/7/2021 | | M (1) | | | 400 | (14) | 3/6/2023 | Common Stock | 400.0 | $0 | 11010 | D | |
Stock Option (Right to Buy) | $25.98 | 10/7/2021 | | M (1) | | | 1579 | (14) | 3/6/2023 | Common Stock | 1579.0 | $0 | 9431 | D | |
Stock Option (Right to Buy) | $25.98 | 10/7/2021 | | M (1) | | | 37 | (14) | 3/6/2023 | Common Stock | 37.0 | $0 | 9394 | D | |
Stock Option (Right to Buy) | $25.98 | 10/8/2021 | | M (1) | | | 300 | (14) | 3/6/2023 | Common Stock | 300.0 | $0 | 9094 | D | |
Stock Option (Right to Buy) | $25.98 | 10/8/2021 | | M (1) | | | 1200 | (14) | 3/6/2023 | Common Stock | 1200.0 | $0 | 7894 | D | |
Stock Option (Right to Buy) | $25.98 | 10/8/2021 | | M (1) | | | 128 | (14) | 3/6/2023 | Common Stock | 128.0 | $0 | 7766 | D | |
Explanation of Responses: |
(1) | The transaction reported on this Form 4 were executed pursuant to a Rule 10b5-1 trading plan adopted September 1, 2021. |
(2) | Represents the weighted average sale price. The actual sales prices range from $203.43 to $204.42 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 $204.66 to $205.58 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. |
(4) | Represents the weighted average sale price. The actual sales prices range from $206.17 to $207.16 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 $207.18 to $207.90 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 $206.64 to $207.32 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 $205.04 to $205.91 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 $206.05 to $207.01 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 $207.10 to $208 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 $208.50 to $208.69 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 $202.71 to $203.50 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 $203.72 to $204.68 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) | Represents the weighted average sale price. The actual sales prices range from $204.80 to $205.39 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. |
(14) | The stock option is fully vested. |
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 | | 10/8/2021 |
**Signature of Reporting Person | Date |
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