0000886346-15-000053.txt : 20150311 0000886346-15-000053.hdr.sgml : 20150311 20150311172345 ACCESSION NUMBER: 0000886346-15-000053 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20150309 FILED AS OF DATE: 20150311 DATE AS OF CHANGE: 20150311 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: KADANT INC CENTRAL INDEX KEY: 0000886346 STANDARD INDUSTRIAL CLASSIFICATION: SPECIAL INDUSTRY MACHINERY (NO METALWORKING MACHINERY) [3550] IRS NUMBER: 521762325 STATE OF INCORPORATION: DE FISCAL YEAR END: 0103 BUSINESS ADDRESS: STREET 1: ONE TECHNOLOGY PARK DRIVE CITY: WESTFORD STATE: MA ZIP: 01886 BUSINESS PHONE: (978) 776-2000 MAIL ADDRESS: STREET 1: ONE TECHNOLOGY PARK DRIVE CITY: WESTFORD STATE: MA ZIP: 01886 FORMER COMPANY: FORMER CONFORMED NAME: THERMO FIBERTEK INC DATE OF NAME CHANGE: 19930328 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Tully William P CENTRAL INDEX KEY: 0001507372 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-11406 FILM NUMBER: 15693669 MAIL ADDRESS: STREET 1: KADANT INC. STREET 2: 1 TECHNOLOGY PARK DRIVE CITY: WESTFORD STATE: MA ZIP: 01886 4 1 wf-form4_142610901412278.xml FORM 4 X0306 4 2015-03-09 0 0000886346 KADANT INC KAI 0001507372 Tully William P KADANT INC. ONE TECHNOLOGY PARK DRIVE WESTFORD MA 01886 1 0 0 0 Common Stock 8750 D Restricted Stock Unit 0.0 2015-03-09 4 A 0 5000 0 A 2016-01-02 Common Stock 5000.0 5000 D Restricted Stock Unit 0.0 2015-03-09 4 A 0 10000 0 A 2020-03-28 Common Stock 10000.0 10000 D Each Restricted Stock Unit ("RSU") represents the right to receive one share of the issuer's common stock. The RSU vests in four installments of 1,250 shares each on the last day of each of the issuer's first, second, third and fourth quarters of fiscal 2015 provided the recipient continues to serve as a director of the issuer. The Restricted Stock Unit may be settled solely in cash ("Cash-Settled RSU"). Each Cash-Settled RSU is the economic equivalent of one share of common stock of the issuer. The Cash-Settled RSU vests only upon a change-in-control of the issuer that occurs during the period beginning on the first day of the issuer's second quarter of fiscal year 2015 (April 5, 2015) and ending on the last day of the issuer's first quarter of fiscal year 2020 (March 28, 2020). The Cash-Settled RSU is forfeited in the event the recipient ceases to be a director of the issuer for any reason other than a change in control prior to the RSU vesting date. EXHIBIT LIST Exhibit 24 - Limited Power of Attorney for Section 16 Reporting Obligations by Sandra L. Lambert for William P. Tully 2015-03-11