LAMBERT SANDRA L 4
4 · KADANT INC · Filed Jul 3, 2018
Insider Transaction Report
Form 4
KADANT INCKAI
LAMBERT SANDRA L
VP, GENERAL COUNSEL, SECRETARY
Transactions
- Exercise/Conversion
Common Stock
2018-07-01+299→ 16,742 total - Exercise/Conversion
Common Stock
2018-07-01+2,388→ 18,997 total - Tax Payment
Common Stock
2018-07-01$96.15/sh−1,062$102,111→ 17,935 total - Tax Payment
Common Stock
2018-07-01$96.15/sh−420$40,383→ 18,679 total - Exercise/Conversion
Common Stock
2018-07-01+1,168→ 16,963 total - Exercise/Conversion
Common Stock
2018-07-01+943→ 19,099 total - Exercise/Conversion
Restricted Stock Unit
2018-07-01−1,168→ 0 totalExercise: $0.00→ Common Stock (1,168 underlying) - Exercise/Conversion
Restricted Stock Unit
2018-07-01−2,388→ 0 totalExercise: $0.00→ Common Stock (2,388 underlying) - Exercise/Conversion
Common Stock
2018-07-01+398→ 18,333 total - Tax Payment
Common Stock
2018-07-01$96.15/sh−177$17,019→ 18,156 total - Exercise/Conversion
Restricted Stock Unit
2018-07-01−943→ 0 totalExercise: $0.00→ Common Stock (943 underlying) - Tax Payment
Common Stock
2018-07-01$96.15/sh−520$49,998→ 16,443 total - Tax Payment
Common Stock
2018-07-01$96.15/sh−133$12,788→ 16,609 total - Exercise/Conversion
Restricted Stock Unit
2018-07-01−299→ 0 totalExercise: $0.00→ Common Stock (299 underlying) - Exercise/Conversion
Restricted Stock Unit
2018-07-01−398→ 0 totalExercise: $0.00→ Common Stock (398 underlying)
Footnotes (5)
- [F1]The shares represent the settlement under a performance-based Restricted Stock Unit ("RSU") award granted March 8, 2016. Pursuant to the terms of an executive transition agreement between the reporting person and the Issuer dated September 20, 2017 ("Transition Agreement"), the vesting of the reporting person's outstanding RSUs was accelerated, such that the RSUs vested and became distributable in full on July 1, 2018, the termination date of the reporting person. The shares of common stock underlying such RSUs were converted to common stock on a one-for-one basis on the vesting date.
- [F2]The shares represent the settlement under a time-based RSU award granted March 8, 2016. Pursuant to the terms of the Transition Agreement, the vesting of the reporting person's outstanding RSUs was accelerated, such that the RSUs vested and became distributable in full on July 1, 2018, the termination date of the reporting person. The shares of common stock underlying such RSUs were converted to common stock on a one-for-one basis on the vesting date.
- [F3]The shares represent the settlement under a performance-based RSU award granted March 8, 2017. Pursuant to the terms of the Transition Agreement, the vesting of the reporting person's outstanding RSUs was accelerated, such that the RSUs vested and became distributable in full on July 1, 2018, the termination date of the reporting person. The shares of common stock underlying such RSUs were converted to common stock on a one-for-one basis on the vesting date.
- [F4]The shares represent the settlement under a time-based RSU award granted March 8, 2017. Pursuant to the terms of the Transition Agreement, the vesting of the reporting person's outstanding RSUs was accelerated, such that the RSUs vested and became distributable in full on July 1, 2018, the termination date of the reporting person. The shares of common stock underlying such RSUs were converted to common stock on a one-for-one basis on the vesting date.
- [F5]The shares represent the settlement under a time-based RSU award granted March 7, 2018. Pursuant to the terms of the Transition Agreement, the vesting of the reporting person's outstanding RSUs was accelerated, such that the RSUs vested and became distributable in full on July 1, 2018, the termination date of the reporting person. The shares of common stock underlying such RSUs were converted to common stock on a one-for-one basis on the vesting date.