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