Statement of Changes in Beneficial Ownership (4)
August 03 2020 - 4:25PM
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
*
Keating Michelle R |
2. Issuer Name and Ticker or Trading Symbol
KENNAMETAL INC
[
KMT
]
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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) Vice President |
(Last)
(First)
(Middle)
525 WILLIAM PENN PLACE, 33RD FLOOR |
3. Date of Earliest Transaction
(MM/DD/YYYY)
7/31/2020 |
(Street)
PITTSBURGH, PA 15219
(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 | 7/31/2020 | | M | | 5123 | A | $26.96 | 18280.3 | D | |
Common Stock | 7/31/2020 | | F | | 1447 | D | $26.96 | 16833.3 | D | |
Common Stock | 7/31/2020 | | J | | 6573 (1) | D | $0 | 10260.3 (2) | 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 Units | (3) | 7/31/2020 | | M | | | 998 | 8/1/2020 | (4) | Common Stock | 998 | $0 | 0 | D | |
Restricted Stock Units | (3) | 7/31/2020 | | M | | | 1204 | 8/1/2020 | (4) | Common Stock | 1204 | $0 | 1205 | D | |
Explanation of Responses: |
(1) | Represents 6,573 performance unit shares previously reported on Form 4 as deemed earned (3,652 shares) and granted (2,921 shares) under Kennametal's 2017 Performance Unit Awards that have met the performance requirements for distribution as common shares. Previously reported deemed earned shares are subject to a relative TSR multiplier, calculated on 7/27/2020 as 80%, and applied upon vesting. Distributed performance unit shares are separately reported on Form 4 as acquired common stock. |
(2) | Includes 66.62 shares held in the Kennametal Inc. 401(k) Plan and 2,032 shares of performance unit shares not yet distributed. |
(3) | 1 - for - 1 |
(4) | Restricted Stock Units are subject to time-based vesting and are disbursed in three equal annual installments, commencing on the first anniversary date of the grant date and subject to continued employment with the company. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Keating Michelle R 525 WILLIAM PENN PLACE 33RD FLOOR PITTSBURGH, PA 15219 |
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| Vice President |
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Signatures
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Michelle R. Keating | | 8/3/2020 |
**Signature of Reporting Person | Date |
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