Statement of Changes in Beneficial Ownership (4)
November 16 2021 - 4:19PM
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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OMB APPROVAL
OMB Number:
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
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MCKENNEY MICHAEL J |
2. Issuer Name and Ticker or Trading Symbol
KADANT INC
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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)
11/15/2021 |
(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 | 11/15/2021 | | M(1) | | 537 | A | $25.98 | 21159.009 | D | |
Common Stock | 11/15/2021 | | S(1) | | 537 | D | $218.2959 (2) | 20622.009 | D | |
Common Stock | 11/15/2021 | | M(1) | | 504 | A | $25.98 | 21126.009 | D | |
Common Stock | 11/15/2021 | | S(1) | | 504 | D | $219.25 (3) | 20622.009 | D | |
Common Stock | 11/15/2021 | | M(1) | | 1577 | A | $25.98 | 22199.009 | D | |
Common Stock | 11/15/2021 | | S(1) | | 1577 | D | $220.2589 (4) | 20622.009 | D | |
Common Stock | 11/15/2021 | | M(1) | | 399 | A | $25.98 | 21021.009 | D | |
Common Stock | 11/15/2021 | | S(1) | | 399 | D | $221.4878 (5) | 20622.009 | D | |
Common Stock | 11/15/2021 | | M(1) | | 771 | A | $25.98 | 21393.009 | D | |
Common Stock | 11/15/2021 | | S(1) | | 771 | D | $222.5884 (6) | 20622.009 | D | |
Common Stock | 11/15/2021 | | M(1) | | 491 | A | $25.98 | 21113.009 | D | |
Common Stock | 11/15/2021 | | S(1) | | 491 | D | $223.4712 (7) | 20622.009 | D | |
Common Stock | 11/15/2021 | | M(1) | | 126 | A | $25.98 | 20748.009 | D | |
Common Stock | 11/15/2021 | | S(1) | | 126 | D | $224.4533 (8) | 20622.009 | D | |
Common Stock | 11/15/2021 | | M(1) | | 161 | A | $25.98 | 20783.009 | D | |
Common Stock | 11/15/2021 | | S(1) | | 161 | D | $225.572 (9) | 20622.009 | D | |
Common Stock | 11/15/2021 | | M(1) | | 59 | A | $25.98 | 20681.009 | D | |
Common Stock | 11/15/2021 | | S(1) | | 59 | D | $227.641 (10) | 20622.009 | D | |
Common Stock | 11/15/2021 | | M(1) | | 7 | A | $25.98 | 20629.009 | D | |
Common Stock | 11/15/2021 | | S(1) | | 7 | D | $228.50 | 20622.009 | D | |
Common Stock | 11/15/2021 | | M(1) | | 96 | A | $25.98 | 20718.009 | D | |
Common Stock | 11/15/2021 | | S(1) | | 96 | D | $230 | 20622.009 | 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) | $25.98 | 11/15/2021 | | M (1) | | | 537 | (11) | 3/6/2023 | Common Stock | 537.0 | $0 | 4191 | D | |
Stock Option (Right to Buy) | $25.98 | 11/15/2021 | | M (1) | | | 504 | (11) | 3/6/2023 | Common Stock | 504.0 | $0 | 3687 | D | |
Stock Option (Right to Buy) | $25.98 | 11/15/2021 | | M (1) | | | 1577 | (11) | 3/6/2023 | Common Stock | 1577.0 | $0 | 2110 | D | |
Stock Option (Right to Buy) | $25.98 | 11/15/2021 | | M (1) | | | 399 | (11) | 3/6/2023 | Common Stock | 399.0 | $0 | 1711 | D | |
Stock Option (Right to Buy) | $25.98 | 11/15/2021 | | M (1) | | | 771 | (11) | 3/6/2023 | Common Stock | 771.0 | $0 | 940 | D | |
Stock Option (Right to Buy) | $25.98 | 11/15/2021 | | M (1) | | | 491 | (11) | 3/6/2023 | Common Stock | 491.0 | $0 | 449 | D | |
Stock Option (Right to Buy) | $25.98 | 11/15/2021 | | M (1) | | | 126 | (11) | 3/6/2023 | Common Stock | 126.0 | $0 | 323 | D | |
Stock Option (Right to Buy) | $25.98 | 11/15/2021 | | M (1) | | | 161 | (11) | 3/6/2023 | Common Stock | 161.0 | $0 | 162 | D | |
Stock Option (Right to Buy) | $25.98 | 11/15/2021 | | M (1) | | | 59 | (11) | 3/6/2023 | Common Stock | 59.0 | $0 | 103 | D | |
Stock Option (Right to Buy) | $25.98 | 11/15/2021 | | M (1) | | | 7 | (11) | 3/6/2023 | Common Stock | 7.0 | $0 | 96 | D | |
Stock Option (Right to Buy) | $25.98 | 11/15/2021 | | M (1) | | | 96 | (11) | 3/6/2023 | Common Stock | 96.0 | $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 September 27, 2021. |
(2) | Represents the weighted average sale price. The actual sales prices range from $217.71 to $218.71 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 $218.72 to $219.70 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 $219.81 to $220.75 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 $220.965 to $221.96 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 $222.00 to $222.97 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 $223.04 to $224 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 $224.215 to $224.57 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 $225.28 to $226.00 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. |
(10) | Represents the weighted average sale price. The actual sales prices range from $227.46 to $227.77 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) | 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 | | 11/16/2021 |
**Signature of Reporting Person | Date |
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