KENNAMETAL INC 4
4 · KENNAMETAL INC · Filed Jul 26, 2005
Insider Transaction Report
Form 4
BARTLETT PETER B
Director
Transactions
- Award
Stock Credits
2005-07-25$50.60/sh+197.609$10,000→ 24,280.25 total→ Common Stock (197.609 underlying) - Award
Stock Option (right to buy)
2005-07-25+4,500→ 4,500 totalExercise: $50.60Exp: 2015-07-24→ Common Stock (4,500 underlying)
Footnotes (4)
- [F1]1-for-1
- [F2]The stock credits become payable in common stock (i) in the event of a change of control of the company, or (ii) on the date that the reporting person ceases (other than by reason of death) to be an director ("retirement"), unless the reporting person has elected to receive the common stock represented by the stock credits following retirement; provided, however, that the stock credits will not become payable prior to the third anniversary of the date of issuance.
- [F3]Includes 457.9501 of stock credits acquired pursuant to a dividend reinvestment feature of the Kennametal Inc. Directors Stock Incentive Plan, as amended. The Company maintains a separate dividend reinvestment plan available to its shareholders that satisfies the requirements of Rule 16a-11 of the Securities Exchange Act of 1934, as amended.
- [F4]Option is exercisable in three equal annual installments, commencing on the first anniversary of the grant date.