HELD A PETER 4/A
4/A · KENNAMETAL INC · Filed Sep 10, 2003
Insider Transaction Report
Form 4/AAmended
HELD A PETER
Director
Transactions
- Award
Stock Credits
2003-08-25$39.12/sh+110.444$4,320→ 379.716 totalExercise: $0.00→ Common Stock (110.444 underlying)
Footnotes (3)
- [F1]On August 25, 2003, pursuant to the Kennametal Inc. Directors Stock Incentive Plan, Kennametal Inc. granted the reporting person 379.7160 stock credits. A Form 4 to report the transaction was timely filed, but 110.4436 stock credits were not reflected in the total due to a clerical error.
- [F2]Under the Kennametal Inc. Directors Stock Incentive Plan ("Plan"); (i) Capital Stock shall be substituted for the Stock Credits (a) in the event of any actual or threatened change in control of the company, or (b) as soon as practicable, following the date that such non-employee director ceases (other than by reason of death) to be a non-employee director ("retirement"); (ii) a non-employee director may elect to receive the Capital Stock represented by the Stock Credits in monthly or annual installments following retirement; and (c) in the event of the death of the non-employee director, the Stock Credit account to which he or she was entitled shall be converted to cash and distributed in a lump sum to such person(s) or the survivors thereof.
- [F3]Under the Kennametal Inc. Directors Stock Incentive Plan ("Plan"); (i) Capital Stock shall be substituted for the Stock Credits (a) in the event of any actual or threatened change in control of the company, or (b) as soon as practicable, following the date that such non-employee director ceases (other than by reason of death) to be a non-employee director ("retirement"); (ii) a non-employee director may elect to receive the Capital Stock represented by the Stock Credits in monthly or annual installments following retirement; and (c) in the event of the death of the non-employee director, the Stock Credit account to which he or she was entitled shall be converted to cash and distributed in a lump sum to such person(s) or the survivors thereof.