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KAI Kadant Inc

261.52
-12.27 (-4.48%)
02 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Kadant Inc NYSE:KAI NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -12.27 -4.48% 261.52 269.54 249.5104 260.01 330,510 01:00:00

Statement of Changes in Beneficial Ownership (4)

15/10/2021 9:16pm

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
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Powell Jeffrey L
2. Issuer Name and Ticker or Trading Symbol

KADANT INC [ KAI ]
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)

10/14/2021
(Street)

WESTFORD, MA 01886
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 10/14/2021  M(1)  595 A$25.98 35256 D  
Common Stock 10/14/2021  S(1)  595 D$200.1729 (2)34661 D  
Common Stock 10/14/2021  M(1)  805 A$25.98 35466 D  
Common Stock 10/14/2021  S(1)  805 D$201.0893 (3)34661 D  
Common Stock 10/14/2021  M(1)  300 A$25.98 34961 D  
Common Stock 10/14/2021  S(1)  300 D$203.2833 (4)34661 D  
Common Stock 10/14/2021  M(1)  489 A$25.98 35150 D  
Common Stock 10/14/2021  S(1)  489 D$204.4244 (5)34661 D  
Common Stock 10/15/2021  M(1)  477 A$25.98 35138 D  
Common Stock 10/15/2021  S(1)  477 D$205.2092 (6)34661 D  
Common Stock 10/15/2021  M(1)  300 A$25.98 34961 D  
Common Stock 10/15/2021  S(1)  300 D$206.2233 (7)34661 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. 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 Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option (Right to Buy) $25.98 10/14/2021  M (1)    595   (8)3/6/2023 Common Stock 595.0 $0 2371 D  
Stock Option (Right to Buy) $25.98 10/14/2021  M (1)    805   (8)3/6/2023 Common Stock 805.0 $0 1566 D  
Stock Option (Right to Buy) $25.98 10/14/2021  M (1)    300   (8)3/6/2023 Common Stock 300.0 $0 1266 D  
Stock Option (Right to Buy) $25.98 10/14/2021  M (1)    489   (8)3/6/2023 Common Stock 489.0 $0 777 D  
Stock Option (Right to Buy) $25.98 10/15/2021  M (1)    477   (8)3/6/2023 Common Stock 477.0 $0 300 D  
Stock Option (Right to Buy) $25.98 10/15/2021  M (1)    300   (8)3/6/2023 Common Stock 300.0 $0 0 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 $199.56 to $200.42 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 $200.82 to $201.76 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 $202.67 to $203.65 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.
(5) Represents the weighted average sale price. The actual sales prices range from $204.16 to $204.87 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 $204.76 to $205.66 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 $206.00 to $206.50 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.
(8) The stock option is fully vested.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Powell Jeffrey L
KADANT INC.
ONE TECHNOLOGY PARK DRIVE
WESTFORD, MA 01886
X
President & CEO

Signatures
/s/ Stacy D. Krause, by power of attorney10/15/2021
**Signature of Reporting PersonDate

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